Polysil Irrigation Systems (NSE:POLYSIL) Days Inventory : 183.48 (As of Mar. 2023)

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What is Polysil Irrigation Systems Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Polysil Irrigation Systems's Average Total Inventories for the six months ended in Mar. 2023 was ₹130.3 Mil. Polysil Irrigation Systems's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹259.2 Mil. Hence, Polysil Irrigation Systems's Days Inventory for the six months ended in Mar. 2023 was 91.74.

The historical rank and industry rank for Polysil Irrigation Systems's Days Inventory or its related term are showing as below:

NSE:POLYSIL's Days Inventory is not ranked ^*
in the Industrial Products industry.
Industry Median: 121.49
* Ranked among companies with meaningful Days Inventory only.

Polysil Irrigation Systems's Days Inventory increased from Mar. 2021 (142.71) to Mar. 2023 (183.48). It might indicate that Polysil Irrigation Systems's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Polysil Irrigation Systems's Inventory Turnover for the six months ended in Mar. 2023 was 1.99.

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. Polysil Irrigation Systems's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.30.

Polysil Irrigation Systems Days Inventory Historical Data

The historical data trend for Polysil Irrigation Systems'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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Polysil Irrigation Systems Days Inventory Chart

Polysil Irrigation Systems Annual Data

Trend

Mar21

Mar22

Mar23

Days Inventory

142.71

228.62

183.48

Polysil Irrigation Systems Semi-Annual Data
	Mar21	Mar22	Mar23
Days Inventory	142.71	228.62	183.48

Competitive Comparison of Polysil Irrigation Systems's Days Inventory

For the Specialty Industrial Machinery subindustry, Polysil Irrigation Systems'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.

Polysil Irrigation Systems's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Polysil Irrigation Systems's Days Inventory distribution charts can be found below:

* The bar in red indicates where Polysil Irrigation Systems's Days Inventory falls into.

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Polysil Irrigation Systems Days Inventory Calculation

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

Polysil Irrigation Systems'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
=	( (121.146	+	139.427)	/	2 )	/	259.187	*	365
=	130.2865					/	259.187	*	365
=	183.48

Polysil Irrigation Systems's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (121.146	+	139.427)	/	2 )	/	259.187	*	365 / 2
=	130.2865					/	259.187	*	365 / 2
=	91.74

Polysil Irrigation Systems (NSE:POLYSIL) 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.

Polysil Irrigation Systems's Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	259.187	/	130.2865
	=	1.99

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.

Polysil Irrigation Systems's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	130.2865	/	438.766
	=	0.30

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.

Polysil Irrigation Systems Days Inventory Related Terms

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Polysil Irrigation Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Polysil Irrigation Systems Ltd (NSE:POLYSIL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Survey No- 340/1, Beside Hystuff Steel, At Post Raniya, Taluka Savli, District Vadodara, Vadodara, GJ, IND, 391780

Website

https://www.polysilirrigation.com

Polysil Irrigation Systems Ltd is engaged in manufacturing and sale of HDPE pipes, fittings and micro irrigation systems, such as drip irrigation system and sprinkler irrigation system, its components, accessories and allied products. Its product range includes HDPE Pipes, pipe fittings and irrigation equipment's, including disc filters, screen filters, hydro-cyclone filters, sand filters (gravel), compression fittings, valves (electrical and mechanicals), fertilizer tanks, Digital Controllers, Pressure Gauges, etc.

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