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Bharat Wire Ropes (BOM:539799) Days Inventory : 116.80 (As of Mar. 2024)


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What is Bharat Wire Ropes Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Bharat Wire Ropes's Average Total Inventories for the three months ended in Mar. 2024 was ₹986 Mil. Bharat Wire Ropes's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹770 Mil. Hence, Bharat Wire Ropes's Days Inventory for the three months ended in Mar. 2024 was 116.80.

The historical rank and industry rank for Bharat Wire Ropes's Days Inventory or its related term are showing as below:

BOM:539799' s Days Inventory Range Over the Past 10 Years
Min: 101.92   Med: 189.9   Max: 344.47
Current: 111.32

During the past 13 years, Bharat Wire Ropes's highest Days Inventory was 344.47. The lowest was 101.92. And the median was 189.90.

BOM:539799's Days Inventory is ranked worse than
64.5% of 569 companies
in the Steel industry
Industry Median: 87.88 vs BOM:539799: 111.32

Bharat Wire Ropes's Days Inventory declined from Mar. 2023 (118.59) to Mar. 2024 (116.80).

Inventory Turnover measures how fast the company turns over its inventory within a year. Bharat Wire Ropes's Inventory Turnover for the three months ended in Mar. 2024 was 0.78.

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. Bharat Wire Ropes's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.67.


Bharat Wire Ropes Days Inventory Historical Data

The historical data trend for Bharat Wire Ropes'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.

Bharat Wire Ropes Days Inventory Chart

Bharat Wire Ropes Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 186.27 163.13 101.92 105.76 116.45

Bharat Wire Ropes 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 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 118.59 116.68 98.12 103.60 116.80

Competitive Comparison of Bharat Wire Ropes's Days Inventory

For the Steel subindustry, Bharat Wire Ropes'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.


Bharat Wire Ropes's Days Inventory Distribution in the Steel Industry

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

* The bar in red indicates where Bharat Wire Ropes's Days Inventory falls into.



Bharat Wire Ropes Days Inventory Calculation

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

Bharat Wire Ropes'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
=( (1100.681 + 985.842) / 2 ) / 3269.883*365
=1043.2615 / 3269.883*365
=116.45

Bharat Wire Ropes'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 + 985.842) / 1 ) / 770.157*365 / 4
=985.842 / 770.157*365 / 4
=116.80

* 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.


Bharat Wire Ropes  (BOM:539799) 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.

Bharat Wire Ropes's Inventory Turnover for the three 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.

Bharat Wire Ropes's Inventory to Revenue for the three 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.


Bharat Wire Ropes Days Inventory Related Terms

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


Bharat Wire Ropes (BOM:539799) Business Description

Traded in Other Exchanges
Address
Senapati Bapat Marg, A-701, Trade World Building, Kamala Mills Compound, Lower Parel (West), Mumbai, MH, IND, 400013
Bharat Wire Ropes Ltd manufactures steel wire ropes, wire strands, and wire rope slings. The company produces mechanically spliced slings, hand spliced slings, earth wires, stay wires, guy wires, and spiral strands. The company also produces general purpose ropes, fishing ropes, crane ropes, structural ropes, elevator ropes, mining ropes, oil and gas ropes and shipping ropes. The firm caters to different industries including oil and gas, mining, fishing, ports and marine, elevator, power, transmission, railways, construction, infrastructure, defense, crane manufacturers. The company serves clients around the world.

Bharat Wire Ropes (BOM:539799) Headlines

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