The Shipping of India (BOM:523598) Days Inventory : 13.40 (As of Mar. 2024)

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What is The Shipping of India Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). The Shipping of India's Average Total Inventories for the three months ended in Mar. 2024 was ₹1,741 Mil. The Shipping of India's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹11,856 Mil. Hence, The Shipping of India's Days Inventory for the three months ended in Mar. 2024 was 13.40.

The historical rank and industry rank for The Shipping of India's Days Inventory or its related term are showing as below:

BOM:523598' s Days Inventory Range Over the Past 10 Years
Min: 10.36 Med: 12.75 Max: 14.34
Current: 14.09

During the past 13 years, The Shipping of India's highest Days Inventory was 14.34. The lowest was 10.36. And the median was 12.75.

BOM:523598's Days Inventory is ranked worse than
56% of 775 companies
in the Transportation industry
Industry Median: 11.57 vs BOM:523598: 14.09

The Shipping of India's Days Inventory increased from Mar. 2023 (12.07) to Mar. 2024 (13.40). It might indicate that The Shipping of India's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. The Shipping of India's Inventory Turnover for the three months ended in Mar. 2024 was 6.81.

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. The Shipping of India's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.12.

The Shipping of India Days Inventory Historical Data

The historical data trend for The Shipping of India'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.

The Shipping of India Days Inventory Chart

The Shipping of India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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14.34

12.89

11.92

12.58

13.58

The Shipping of India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															12.07	13.61	16.32	14.26	13.40

Competitive Comparison of The Shipping of India's Days Inventory

For the Marine Shipping subindustry, The Shipping of India'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.

The Shipping of India's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, The Shipping of India's Days Inventory distribution charts can be found below:

* The bar in red indicates where The Shipping of India's Days Inventory falls into.

The Shipping of India Days Inventory Calculation

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

The Shipping of India'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
=	( (1500.1	+	1741.2)	/	2 )	/	43571.2	*	365
=	1620.65					/	43571.2	*	365
=	13.58

The Shipping of India'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: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	1741.2)	/	1 )	/	11856	*	365 / 4
=	1741.2					/	11856	*	365 / 4
=	13.40

The Shipping of India (BOM:523598) 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.

The Shipping of India's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11856	/	1741.2
	=	6.81

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.

The Shipping of India's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1741.2	/	14125.4
	=	0.12

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.

The Shipping of India Days Inventory Related Terms

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The Shipping of India (BOM:523598) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » The Shipping Corp of India Ltd (BOM:523598) » Definitions » Days Inventory

Traded in Other Exchanges

SCI:India

Address

245, Madame Cama Road, Shipping House, Nariman Point, Mumbai, MH, IND, 400021

Website

http://www.shipindia.com

The Shipping Corp of India Ltd is engaged in the sea and coastal freight water transport business. The company's segments include Liner, Bulk, Tanker, Technical and Offshore service, and others. Its Liner segment includes break-bulk, container transport, passenger and research vessels. The Bulk segment consists of dry bulk carriers. The tankers segment that derives the majority revenue comprises of crude and product carriers, gas carriers, and phosphoric acid carriers. The company's Technical and Offshore services segment covers owned offshore vessels and the others segment incorporates income earned from the maritime training institute. Its business operations are confined only to India.

The Shipping of India (BOM:523598) Headlines

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