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Bhagwati Autocast (BOM:504646) Days Inventory : 31.89 (As of Dec. 2023)


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What is Bhagwati Autocast Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Bhagwati Autocast's Average Total Inventories for the three months ended in Dec. 2023 was ₹67 Mil. Bhagwati Autocast's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹192 Mil. Hence, Bhagwati Autocast's Days Inventory for the three months ended in Dec. 2023 was 31.89.

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

BOM:504646' s Days Inventory Range Over the Past 10 Years
Min: 22.59   Med: 39.28   Max: 64.41
Current: 26.36

During the past 13 years, Bhagwati Autocast's highest Days Inventory was 64.41. The lowest was 22.59. And the median was 39.28.

BOM:504646's Days Inventory is ranked better than
91.24% of 571 companies
in the Steel industry
Industry Median: 87.51 vs BOM:504646: 26.36

Bhagwati Autocast's Days Inventory increased from Dec. 2022 (26.16) to Dec. 2023 (31.89). It might indicate that Bhagwati Autocast's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Bhagwati Autocast's Inventory Turnover for the three months ended in Dec. 2023 was 2.86.

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. Bhagwati Autocast's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.27.


Bhagwati Autocast Days Inventory Historical Data

The historical data trend for Bhagwati Autocast'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.

Bhagwati Autocast Days Inventory Chart

Bhagwati Autocast Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.26 37.86 34.02 28.48 22.59

Bhagwati Autocast 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.16 50.46 19.81 20.72 31.89

Competitive Comparison of Bhagwati Autocast's Days Inventory

For the Steel subindustry, Bhagwati Autocast'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.


Bhagwati Autocast's Days Inventory Distribution in the Steel Industry

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

* The bar in red indicates where Bhagwati Autocast's Days Inventory falls into.



Bhagwati Autocast Days Inventory Calculation

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

Bhagwati Autocast'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
=( (63.485 + 62.326) / 2 ) / 1016.412*365
=62.9055 / 1016.412*365
=22.59

Bhagwati Autocast'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
=( (67.043 + 0) / 1 ) / 191.818*365 / 4
=67.043 / 191.818*365 / 4
=31.89

* 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.


Bhagwati Autocast  (BOM:504646) 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.

Bhagwati Autocast's Inventory Turnover for the three months ended in Dec. 2023 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.

Bhagwati Autocast's Inventory to Revenue for the three months ended in Dec. 2023 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.


Bhagwati Autocast Days Inventory Related Terms

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


Bhagwati Autocast (BOM:504646) Business Description

Traded in Other Exchanges
N/A
Address
Survey No. 816, Village Rajoda, Near Bavla District, Ahmedabad, GJ, IND, 382220
Bhagwati Autocast Ltd is an Indian company that manufactures iron castings. The products of the company are used in the industries of automotive, air and gas compressor, refrigeration, hydraulic, tractor, wind generation/generator, plastic injection moulding machine, and light and heavy commercial vehicle. It derives revenue from the sales of CI castings, SGI castings and Patterns. The company generates all of its revenue from India Itself.

Bhagwati Autocast (BOM:504646) Headlines

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