Surani Steel Tubes (NSE:SURANI) Days Inventory : 88.78 (As of Mar. 2024)

Surani Steel Tubes Days Inventory Chart

Surani Steel Tubes Annual Data
	Trend	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23	Mar24
Days Inventory		Get a 7-Day Free Trial					82.43	84.46	69.01	67.32	97.51

Surani Steel Tubes Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Inventory	Get a 7-Day Free Trial											-	81.13	53.25	55.36	88.78

Competitive Comparison of Surani Steel Tubes's Days Inventory

For the Steel subindustry, Surani Steel Tubes'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.

Surani Steel Tubes's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Surani Steel Tubes's Days Inventory distribution charts can be found below:

* The bar in red indicates where Surani Steel Tubes's Days Inventory falls into.

Surani Steel Tubes Days Inventory Calculation

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

Surani Steel Tubes's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

Surani Steel Tubes's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

* 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.

Surani Steel Tubes  (NSE:SURANI) 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.

Surani Steel Tubes's Inventory Turnover for the six months ended in Mar. 2024 is calculated as

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.

Surani Steel Tubes's Inventory to Revenue for the six months ended in Mar. 2024 is calculated as

* 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.

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.

Surani Steel Tubes Days Inventory Related Terms

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

Surani Steel Tubes Business Description