Aditya Ispat (BOM:513513) Days Inventory : 91.08 (As of Dec. 2023)

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What is Aditya Ispat Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Aditya Ispat's Average Total Inventories for the three months ended in Dec. 2023 was ₹102.5 Mil. Aditya Ispat's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹102.7 Mil. Hence, Aditya Ispat's Days Inventory for the three months ended in Dec. 2023 was 91.08.

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

BOM:513513' s Days Inventory Range Over the Past 10 Years
Min: 37.09 Med: 61.33 Max: 78.14
Current: 53.75

During the past 13 years, Aditya Ispat's highest Days Inventory was 78.14. The lowest was 37.09. And the median was 61.33.

BOM:513513's Days Inventory is ranked better than
73.29% of 569 companies
in the Steel industry
Industry Median: 87.88 vs BOM:513513: 53.75

Aditya Ispat's Days Inventory increased from Dec. 2022 (45.63) to Dec. 2023 (91.08). It might indicate that Aditya Ispat's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Aditya Ispat's Inventory Turnover for the three months ended in Dec. 2023 was 1.00.

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. Aditya Ispat's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.86.

Aditya Ispat Days Inventory Historical Data

The historical data trend for Aditya Ispat'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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Aditya Ispat Days Inventory Chart

Aditya Ispat Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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60.03

69.52

37.09

58.67

55.27

Aditya Ispat 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															45.63	43.90	56.13	57.48	91.08

Competitive Comparison of Aditya Ispat's Days Inventory

For the Steel subindustry, Aditya Ispat'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.

Aditya Ispat's Days Inventory Distribution in the Steel Industry

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

* The bar in red indicates where Aditya Ispat's Days Inventory falls into.

Aditya Ispat Days Inventory Calculation

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

Aditya Ispat'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
=	( (71.967	+	72.366)	/	2 )	/	476.601	*	365
=	72.1665					/	476.601	*	365
=	55.27

Aditya Ispat'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
=	( (102.523	+	0)	/	1 )	/	102.718	*	365 / 4
=	102.523					/	102.718	*	365 / 4
=	91.08

Aditya Ispat (BOM:513513) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	102.718	/	102.523
	=	1.00

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	102.523	/	118.672
	=	0.86

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.

Aditya Ispat Days Inventory Related Terms

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Aditya Ispat (BOM:513513) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aditya Ispat Ltd (BOM:513513) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 20, Phase V, IDA, Jeedimetla, Hyderabad, AP, IND, 500055

Website

https://www.adityaispat.com

Aditya Ispat Ltd is a company that operates in the steel business. It is primarily involved in the manufacturing of bright steel bars of mild steel, carbon steel, alloy steel, and wires. The bright steel bar is the basic raw material for bolts, nuts, shafts, fasteners, tools, and manual irrigation equipment and is also widely used by automobile, fabrication, engineering, fan, chemical, food, marine, dairy, pharmaceuticals, and aerospace industries. In addition, it is also involved in the manufacturing of HB wire and Annealed wire including Binding wire. Geographically, operates through India and it derives revenue through the sale of the mentioned products.

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