Prakash Pipes (NSE:PPL) Days Inventory : 50.04 (As of Dec. 2023)

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What is Prakash Pipes Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Prakash Pipes's Average Total Inventories for the three months ended in Dec. 2023 was ₹565 Mil. Prakash Pipes's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,030 Mil. Hence, Prakash Pipes's Days Inventory for the three months ended in Dec. 2023 was 50.04.

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

NSE:PPL' s Days Inventory Range Over the Past 10 Years
Min: 24.2 Med: 37.13 Max: 44.53
Current: 41.03

During the past 6 years, Prakash Pipes's highest Days Inventory was 44.53. The lowest was 24.20. And the median was 37.13.

NSE:PPL's Days Inventory is ranked better than
54.13% of 1391 companies
in the Construction industry
Industry Median: 48.85 vs NSE:PPL: 41.03

Prakash Pipes's Days Inventory increased from Dec. 2022 (36.39) to Dec. 2023 (50.04). It might indicate that Prakash Pipes's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Prakash Pipes's Inventory Turnover for the three months ended in Dec. 2023 was 1.82.

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. Prakash Pipes's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.36.

Prakash Pipes Days Inventory Historical Data

The historical data trend for Prakash Pipes'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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Prakash Pipes Days Inventory Chart

Prakash Pipes Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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24.20

29.26

43.55

44.53

37.13

Prakash Pipes Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															36.39	39.78	35.56	42.48	50.04

Competitive Comparison of Prakash Pipes's Days Inventory

For the Building Products & Equipment subindustry, Prakash Pipes'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.

Prakash Pipes's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Prakash Pipes's Days Inventory distribution charts can be found below:

* The bar in red indicates where Prakash Pipes's Days Inventory falls into.

Prakash Pipes Days Inventory Calculation

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

Prakash Pipes'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
=	( (591.7	+	491.4)	/	2 )	/	5322.9	*	365
=	541.55					/	5322.9	*	365
=	37.13

Prakash Pipes'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
=	( (564.8	+	0)	/	1 )	/	1030	*	365 / 4
=	564.8					/	1030	*	365 / 4
=	50.04

Prakash Pipes (NSE:PPL) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1030	/	564.8
	=	1.82

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	564.8	/	1582.2
	=	0.36

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.

Prakash Pipes Days Inventory Related Terms

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Prakash Pipes (NSE:PPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Prakash Pipes Ltd (NSE:PPL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

542684:India

Address

Srivan, Bijwasan, New Delhi, IND, 110061

Website

https://www.prakashplastics.in

Prakash Pipes Ltd is engaged in the manufacture of PVC pipes and fittings. It offers a products such as Agri Pipes, Column Pipes, Plumbing Pipes, Casing Pipes, SWR Pipes, Garden Pipes and their related Fittings. Its segments are PVC Pipe and fitting and Flexible Packaging. It generates the majority of its revenue from PVC Pipe and fitting.