Prolife Industries (NSE:PROLIFE) Days Inventory : 67.78 (As of Sep. 2023)

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What is Prolife Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Prolife Industries's Average Total Inventories for the six months ended in Sep. 2023 was ₹63.1 Mil. Prolife Industries's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹169.9 Mil. Hence, Prolife Industries's Days Inventory for the six months ended in Sep. 2023 was 67.78.

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

NSE:PROLIFE' s Days Inventory Range Over the Past 10 Years
Min: 40.79 Med: 57.28 Max: 169.25
Current: 73.43

During the past 12 years, Prolife Industries's highest Days Inventory was 169.25. The lowest was 40.79. And the median was 57.28.

NSE:PROLIFE's Days Inventory is ranked better than
57.33% of 1493 companies
in the Chemicals industry
Industry Median: 82.8 vs NSE:PROLIFE: 73.43

Prolife Industries's Days Inventory increased from Sep. 2022 (66.17) to Sep. 2023 (67.78). It might indicate that Prolife Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Prolife Industries's Inventory Turnover for the six months ended in Sep. 2023 was 2.69.

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. Prolife Industries's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.21.

Prolife Industries Days Inventory Historical Data

The historical data trend for Prolife Industries'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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Prolife Industries Days Inventory Chart

Prolife Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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50.74

40.79

47.63

65.02

58.55

Prolife Industries Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial														46.22	54.79	66.17	68.99	67.78

Competitive Comparison of Prolife Industries's Days Inventory

For the Chemicals subindustry, Prolife Industries'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.

Prolife Industries's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Prolife Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Prolife Industries's Days Inventory falls into.

Prolife Industries Days Inventory Calculation

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

Prolife Industries'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
=	( (114.185	+	57.94)	/	2 )	/	536.474	*	365
=	86.0625					/	536.474	*	365
=	58.55

Prolife Industries's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (57.94	+	68.257)	/	2 )	/	169.906	*	365 / 2
=	63.0985					/	169.906	*	365 / 2
=	67.78

Prolife Industries (NSE:PROLIFE) 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.

Prolife Industries's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	169.906	/	63.0985
	=	2.69

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.

Prolife Industries's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	63.0985	/	298.632
	=	0.21

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.

Prolife Industries Days Inventory Related Terms

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

Prolife Industries (NSE:PROLIFE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Prolife Industries Ltd (NSE:PROLIFE) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Plot No. 213, GIDC, Panoli Industrial Estate, District Bharuch, Ankleshwar, GJ, IND, 394116

Website

http://www.prolifeindustries.in

Prolife Industries Ltd is engaged in the business of manufacturing of intermediates for dyes, pigments, pharmaceuticals, agrochemicals, and others. Its products include Dihydro Thio Para Toluidine Sulfonic Acid, Amino Methyl Phenoxy Sulfonic Acid and among others.

Prolife Industries (NSE:PROLIFE) Headlines

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