Global Surfaces (NSE:GSLSU) Days Inventory : 321.96 (As of Dec. 2023)

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What is Global Surfaces Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Global Surfaces's Average Total Inventories for the three months ended in Dec. 2023 was ₹575 Mil. Global Surfaces's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹163 Mil. Hence, Global Surfaces's Days Inventory for the three months ended in Dec. 2023 was 321.96.

The historical rank and industry rank for Global Surfaces's Days Inventory or its related term are showing as below:

NSE:GSLSU' s Days Inventory Range Over the Past 10 Years
Min: 91 Med: 121.31 Max: 242.49
Current: 242.49

During the past 4 years, Global Surfaces's highest Days Inventory was 242.49. The lowest was 91.00. And the median was 121.31.

NSE:GSLSU's Days Inventory is ranked worse than
85.87% of 368 companies
in the Building Materials industry
Industry Median: 83.49 vs NSE:GSLSU: 242.49

Global Surfaces's Days Inventory increased from Dec. 2022 (232.76) to Dec. 2023 (321.96). It might indicate that Global Surfaces's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Global Surfaces's Inventory Turnover for the three months ended in Dec. 2023 was 0.28.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Global Surfaces's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.44.

Global Surfaces Days Inventory Historical Data

The historical data trend for Global Surfaces's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Global Surfaces Days Inventory Chart

Global Surfaces Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Inventory

91.00

109.67

132.94

155.55

Global Surfaces Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial					232.76	96.52	2,440.18	321.88	321.96

Competitive Comparison of Global Surfaces's Days Inventory

For the Building Materials subindustry, Global Surfaces's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Global Surfaces's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Global Surfaces's Days Inventory distribution charts can be found below:

* The bar in red indicates where Global Surfaces's Days Inventory falls into.

Global Surfaces Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Global Surfaces's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (469.14	+	439.58)	/	2 )	/	1066.13	*	365
=	454.36					/	1066.13	*	365
=	155.55

Global Surfaces's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (575.37	+	0)	/	1 )	/	163.07	*	365 / 4
=	575.37					/	163.07	*	365 / 4
=	321.96

Global Surfaces (NSE:GSLSU) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Global Surfaces's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	163.07	/	575.37
	=	0.28

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Global Surfaces's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	575.37	/	400.65
	=	1.44

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Global Surfaces Days Inventory Related Terms

Thank you for viewing the detailed overview of Global Surfaces's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Global Surfaces (NSE:GSLSU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Global Surfaces Ltd (NSE:GSLSU) » Definitions » Days Inventory

Traded in Other Exchanges

543829:India

Address

Plot No. PA-10-006, Engineering and Related Industries SEZ, Mahindra World City Tehsil-Sanganer, Jaipur, RJ, IND, 302037

Website

https://www.globalsurfaces.in

Global Surfaces Ltd is engaged in processing natural stones and manufacturing engineered quartz. The Natural stones are produced through complex geological processes and forms various products like granite, limestone, marble, slate, quartzite, onyx, sandstone, travertine, and others that are quarried from the earth.

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