Vedanta (BOM:500295) Days Inventory : 64.77 (As of Dec. 2023)

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What is Vedanta Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Vedanta's Average Total Inventories for the three months ended in Dec. 2023 was ₹141,170 Mil. Vedanta's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹198,870 Mil. Hence, Vedanta's Days Inventory for the three months ended in Dec. 2023 was 64.77.

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

BOM:500295' s Days Inventory Range Over the Past 10 Years
Min: 33.08 Med: 59.45 Max: 63.83
Current: 63.83

During the past 13 years, Vedanta's highest Days Inventory was 63.83. The lowest was 33.08. And the median was 59.45.

BOM:500295's Days Inventory is ranked better than
65.65% of 658 companies
in the Metals & Mining industry
Industry Median: 87.34 vs BOM:500295: 63.83

Vedanta's Days Inventory declined from Dec. 2022 (71.66) to Dec. 2023 (64.77).

Inventory Turnover measures how fast the company turns over its inventory within a year. Vedanta's Inventory Turnover for the three months ended in Dec. 2023 was 1.41.

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. Vedanta's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.40.

Vedanta Days Inventory Historical Data

The historical data trend for Vedanta'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.

Vedanta Days Inventory Chart

Vedanta Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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63.34

54.14

61.16

63.53

58.48

Vedanta 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															71.66	50.86	69.37	65.20	64.77

Competitive Comparison of Vedanta's Days Inventory

For the Other Industrial Metals & Mining subindustry, Vedanta'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.

Vedanta's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Vedanta's Days Inventory distribution charts can be found below:

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

Vedanta Days Inventory Calculation

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

Vedanta'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
=	( (143130	+	150120)	/	2 )	/	915150	*	365
=	146625					/	915150	*	365
=	58.48

Vedanta'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
=	( (141170	+	0)	/	1 )	/	198870	*	365 / 4
=	141170					/	198870	*	365 / 4
=	64.77

Vedanta (BOM:500295) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	198870	/	141170
	=	1.41

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	141170	/	349680
	=	0.40

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.

Vedanta Days Inventory Related Terms

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

Vedanta (BOM:500295) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vedanta Ltd (BOM:500295) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

VEDL:India

Address

Unit 103, Corporate Avenue, 1st Floor, C Wing, Atul Projects, Chakala, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.vedantalimited.com

Vedanta Ltd is a diversified natural resource company engaged in exploring, extracting and processing minerals and oil and gas. It focused on zinc, lead, silver, aluminium, copper, iron ore, oil and gas, and commercial power. The company has operations across India, South Africa, Namibia, Ireland, and Australia. The company has five reportable segments: oil and gas, aluminium, copper, iron ore and power. It derives the majority of revenue from the aluminium segment.

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