Quality Foils (India) (NSE:QFIL) Days Inventory : 39.95 (As of Sep. 2023)

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What is Quality Foils (India) Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Quality Foils (India)'s Average Total Inventories for the six months ended in Sep. 2023 was ₹153 Mil. Quality Foils (India)'s Cost of Goods Sold for the six months ended in Sep. 2023 was ₹697 Mil. Hence, Quality Foils (India)'s Days Inventory for the six months ended in Sep. 2023 was 39.95.

The historical rank and industry rank for Quality Foils (India)'s Days Inventory or its related term are showing as below:

NSE:QFIL' s Days Inventory Range Over the Past 10 Years
Min: 35.55 Med: 39.42 Max: 46.11
Current: 35.55

During the past 4 years, Quality Foils (India)'s highest Days Inventory was 46.11. The lowest was 35.55. And the median was 39.42.

NSE:QFIL's Days Inventory is ranked better than
86.26% of 575 companies
in the Steel industry
Industry Median: 85.74 vs NSE:QFIL: 35.55

Quality Foils (India)'s Days Inventory increased from Sep. 2022 (33.19) to Sep. 2023 (39.95). It might indicate that Quality Foils (India)'s sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Quality Foils (India)'s Inventory Turnover for the six months ended in Sep. 2023 was 4.57.

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. Quality Foils (India)'s Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.19.

Quality Foils (India) Days Inventory Historical Data

The historical data trend for Quality Foils (India)'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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Quality Foils (India) Days Inventory Chart

Quality Foils (India) Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Inventory

40.01

46.11

35.75

38.82

Quality Foils (India) Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial			-	-	33.19	34.40	39.95

Competitive Comparison of Quality Foils (India)'s Days Inventory

For the Steel subindustry, Quality Foils (India)'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.

Quality Foils (India)'s Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Quality Foils (India)'s Days Inventory distribution charts can be found below:

* The bar in red indicates where Quality Foils (India)'s Days Inventory falls into.

Quality Foils (India) Days Inventory Calculation

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

Quality Foils (India)'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
=	( (192.237	+	169.945)	/	2 )	/	1702.818	*	365
=	181.091					/	1702.818	*	365
=	38.82

Quality Foils (India)'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
=	( (169.945	+	135.368)	/	2 )	/	697.336	*	365 / 2
=	152.6565					/	697.336	*	365 / 2
=	39.95

Quality Foils (India) (NSE:QFIL) 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.

Quality Foils (India)'s Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	697.336	/	152.6565
	=	4.57

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.

Quality Foils (India)'s Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	152.6565	/	812.006
	=	0.19

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.

Quality Foils (India) Days Inventory Related Terms

Thank you for viewing the detailed overview of Quality Foils (India)'s Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Quality Foils (India) (NSE:QFIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Quality Foils (India) Ltd (NSE:QFIL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3, Industrial Development Colony, Hisar, HR, IND, 125005

Website

https://www.qualitygroup.in

Quality Foils (India) Ltd is engaged in the manufacturing and exporting of Cold Rolled Stainless Steel Strips/Coils and Stainless Steel Flexible Hoses/pipes. The products of the company are sold both in the domestic as well as international markets.

Quality Foils (India) (NSE:QFIL) Headlines

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