Venus Pipes & Tubes (NSE:VENUSPIPES) Days Inventory : 179.19 (As of Dec. 2024)

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What is Venus Pipes & Tubes Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Venus Pipes & Tubes's Average Total Inventories for the three months ended in Dec. 2024 was ₹3,050 Mil. Venus Pipes & Tubes's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹1,553 Mil. Hence, Venus Pipes & Tubes's Days Inventory for the three months ended in Dec. 2024 was 179.19.

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

NSE:VENUSPIPES' s Days Inventory Range Over the Past 10 Years
Min: 61.74 Med: 100.21 Max: 141.7
Current: 141.7

During the past 6 years, Venus Pipes & Tubes's highest Days Inventory was 141.70. The lowest was 61.74. And the median was 100.21.

NSE:VENUSPIPES's Days Inventory is ranked worse than
78.39% of 583 companies
in the Steel industry
Industry Median: 87.23 vs NSE:VENUSPIPES: 141.70

Venus Pipes & Tubes's Days Inventory increased from Dec. 2023 (119.57) to Dec. 2024 (179.19). It might indicate that Venus Pipes & Tubes's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Venus Pipes & Tubes's Inventory Turnover for the three months ended in Dec. 2024 was 0.51.

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. Venus Pipes & Tubes's Inventory-to-Revenue for the three months ended in Dec. 2024 was 1.32.

Venus Pipes & Tubes Days Inventory Historical Data

The historical data trend for Venus Pipes & Tubes'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.

* Premium members only.

Venus Pipes & Tubes Days Inventory Chart

Venus Pipes & Tubes Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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93.52

61.74

79.73

106.89

124.63

Venus Pipes & Tubes Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Inventory	Get a 7-Day Free Trial													119.57	134.57	128.09	183.98	179.19

Competitive Comparison of Venus Pipes & Tubes's Days Inventory

For the Steel subindustry, Venus Pipes & 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.

Venus Pipes & Tubes's Days Inventory Distribution in the Steel Industry

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

* The bar in red indicates where Venus Pipes & Tubes's Days Inventory falls into.

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Venus Pipes & Tubes Days Inventory Calculation

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

Venus Pipes & Tubes's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (1669.44	+	2259.35)	/	2 )	/	5752.93	*	365
=	1964.395					/	5752.93	*	365
=	124.63

Venus Pipes & Tubes's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (3049.95	+	0)	/	1 )	/	1553.13	*	365 / 4
=	3049.95					/	1553.13	*	365 / 4
=	179.19

Venus Pipes & Tubes (NSE:VENUSPIPES) 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.

Venus Pipes & Tubes's Inventory Turnover for the three months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1553.13	/	3049.95
	=	0.51

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.

Venus Pipes & Tubes's Inventory to Revenue for the three months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3049.95	/	2313.03
	=	1.32

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.

Venus Pipes & Tubes Days Inventory Related Terms

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

Venus Pipes & Tubes Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Venus Pipes & Tubes Ltd (NSE:VENUSPIPES) » Definitions » Days Inventory

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Traded in Other Exchanges

543528:India

Address

Sector 1/A, Plot no. 275, Tripada Complex, Near Mamlatdar Office, Gandhidham, GJ, IND, 370201

Website

https://www.venuspipes.com

Venus Pipes & Tubes Ltd is a manufacturer and exporter of stainless steel pipes and tubes. It manufactures stainless steel tube products in two broad categories namely seamless tubes/pipes and welded tubes/pipes under which five categories of products are manufactured namely, stainless steel high precision and heat exchanger tubes, stainless steel hydraulic and instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes and stainless steel lsaw pipes. The company distributes its products through direct supply, traders, stockists, and selected marketing representatives. Geographically, it derives a majority of its revenue from India and also engages in exporting its products to other countries.

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