Visa Steel (NSE:VISASTEEL) Days Inventory : 29.59 (As of Dec. 2023)

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What is Visa Steel Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Visa Steel's Average Total Inventories for the three months ended in Dec. 2023 was ₹150 Mil. Visa Steel's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹461 Mil. Hence, Visa Steel's Days Inventory for the three months ended in Dec. 2023 was 29.59.

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

NSE:VISASTEEL' s Days Inventory Range Over the Past 10 Years
Min: 12.76 Med: 47.2 Max: 105.61
Current: 12.76

During the past 13 years, Visa Steel's highest Days Inventory was 105.61. The lowest was 12.76. And the median was 47.20.

NSE:VISASTEEL's Days Inventory is ranked better than
97.22% of 575 companies
in the Steel industry
Industry Median: 85.74 vs NSE:VISASTEEL: 12.76

Visa Steel's Days Inventory declined from Dec. 2022 (34.79) to Dec. 2023 (29.59).

Inventory Turnover measures how fast the company turns over its inventory within a year. Visa Steel's Inventory Turnover for the three months ended in Dec. 2023 was 3.08.

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. Visa Steel's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.17.

Visa Steel Days Inventory Historical Data

The historical data trend for Visa Steel'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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Visa Steel Days Inventory Chart

Visa Steel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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36.75

45.74

17.63

14.51

17.66

Visa Steel 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															34.79	5.36	4.56	10.05	29.59

Competitive Comparison of Visa Steel's Days Inventory

For the Steel subindustry, Visa Steel'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.

Visa Steel's Days Inventory Distribution in the Steel Industry

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

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

Visa Steel Days Inventory Calculation

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

Visa Steel'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
=	( (305.55	+	77.82)	/	2 )	/	3962.21	*	365
=	191.685					/	3962.21	*	365
=	17.66

Visa Steel'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
=	( (149.56	+	0)	/	1 )	/	461.27	*	365 / 4
=	149.56					/	461.27	*	365 / 4
=	29.59

Visa Steel (NSE:VISASTEEL) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	461.27	/	149.56
	=	3.08

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	149.56	/	896.26
	=	0.17

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.

Visa Steel Days Inventory Related Terms

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

Visa Steel (NSE:VISASTEEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Visa Steel Ltd (NSE:VISASTEEL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

532721:India

Address

8/10 Alipore Road, VISA House, Kolkata, WB, IND, 700027

Website

http://www.visasteel.com

Visa Steel Ltd is an India-based mineral, metal, and energy company. It is engaged in the manufacturing of iron and steel products, including pig iron, sponge iron, special steel, and high carbon ferrochrome with the captive power plant at Kalinganagar, Odisha. The Company's segments include Special Steel and Ferro Alloys. The Special Steel segment includes bars and wire rods, billets and blooms, pig iron and sponge iron, and other allied products. The firm's products range consists of special steel long products, Ferro Chrome and Coke. The firm generates a majority of its revenue from India.

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