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Vibhor Steel Tubes (NSE:VSTL) Days Inventory : 59.63 (As of Mar. 2024)


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What is Vibhor Steel Tubes Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Vibhor Steel Tubes's Average Total Inventories for the six months ended in Mar. 2024 was ₹1,604 Mil. Vibhor Steel Tubes's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹4,909 Mil. Hence, Vibhor Steel Tubes's Days Inventory for the six months ended in Mar. 2024 was 59.63.

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

NSE:VSTL' s Days Inventory Range Over the Past 10 Years
Min: 36.75   Med: 39.61   Max: 54.75
Current: 54.75

During the past 4 years, Vibhor Steel Tubes's highest Days Inventory was 54.75. The lowest was 36.75. And the median was 39.61.

NSE:VSTL's Days Inventory is ranked better than
72.11% of 588 companies
in the Steel industry
Industry Median: 87.935 vs NSE:VSTL: 54.75

Vibhor Steel Tubes's Days Inventory increased from Mar. 2023 (0.00) to Mar. 2024 (59.63). It might indicate that Vibhor Steel Tubes's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Vibhor Steel Tubes's Inventory Turnover for the six months ended in Mar. 2024 was 3.06.

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. Vibhor Steel Tubes's Inventory-to-Revenue for the six months ended in Mar. 2024 was 0.30.


Vibhor Steel Tubes Days Inventory Historical Data

The historical data trend for Vibhor Steel 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.

Vibhor Steel Tubes Days Inventory Chart

Vibhor Steel Tubes Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Days Inventory
39.98 36.75 39.23 54.22

Vibhor Steel Tubes Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24
Days Inventory - - - 50.40 59.63

Competitive Comparison of Vibhor Steel Tubes's Days Inventory

For the Steel subindustry, Vibhor 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.


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

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

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



Vibhor Steel Tubes Days Inventory Calculation

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

Vibhor Steel 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
=( (1202.986 + 1708.829) / 2 ) / 9801.257*365
=1455.9075 / 9801.257*365
=54.22

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

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (1499.129 + 1708.829) / 2 ) / 4909.14*365 / 2
=1603.979 / 4909.14*365 / 2
=59.63

* 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.


Vibhor Steel Tubes  (NSE:VSTL) 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.

Vibhor 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.

Vibhor 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.


Vibhor Steel Tubes Days Inventory Related Terms

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


Vibhor Steel Tubes Business Description

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Vibhor Steel Tubes Ltd is a manufacturers and exporters of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, Cold rolled Steel (CR) Strips/ Coils. Steel pipes and tubes are used pipes for frames and shafts, steel pipes for bicycle frames, steel pipes for furniture, CDW pipes for shockers, steel pipes for various structural purposes, steel pipes for various engineering purposes etc.

Vibhor Steel Tubes Headlines

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