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Manali Petrochemicals (BOM:500268) Days Inventory : 60.16 (As of Mar. 2024)


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What is Manali Petrochemicals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Manali Petrochemicals's Average Total Inventories for the three months ended in Mar. 2024 was ₹1,084 Mil. Manali Petrochemicals's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,645 Mil. Hence, Manali Petrochemicals's Days Inventory for the three months ended in Mar. 2024 was 60.16.

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

BOM:500268' s Days Inventory Range Over the Past 10 Years
Min: 31.35   Med: 60.2   Max: 92.93
Current: 52.67

During the past 13 years, Manali Petrochemicals's highest Days Inventory was 92.93. The lowest was 31.35. And the median was 60.20.

BOM:500268's Days Inventory is ranked better than
75.02% of 1493 companies
in the Chemicals industry
Industry Median: 82.19 vs BOM:500268: 52.67

Manali Petrochemicals's Days Inventory increased from Mar. 2023 (39.58) to Mar. 2024 (60.16). It might indicate that Manali Petrochemicals's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Manali Petrochemicals's Inventory Turnover for the three months ended in Mar. 2024 was 1.52.

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. Manali Petrochemicals's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.42.


Manali Petrochemicals Days Inventory Historical Data

The historical data trend for Manali Petrochemicals'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.

Manali Petrochemicals Days Inventory Chart

Manali Petrochemicals 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 66.62 52.15 31.35 42.74 55.48

Manali Petrochemicals 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 39.58 43.72 45.03 61.62 60.16

Competitive Comparison of Manali Petrochemicals's Days Inventory

For the Specialty Chemicals subindustry, Manali Petrochemicals'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.


Manali Petrochemicals's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Manali Petrochemicals's Days Inventory distribution charts can be found below:

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



Manali Petrochemicals Days Inventory Calculation

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

Manali Petrochemicals'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
=( (1087.8 + 1084.4) / 2 ) / 7145*365
=1086.1 / 7145*365
=55.48

Manali Petrochemicals'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 + 1084.4) / 1 ) / 1644.7*365 / 4
=1084.4 / 1644.7*365 / 4
=60.16

* 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.


Manali Petrochemicals  (BOM:500268) 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.

Manali Petrochemicals'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.

Manali Petrochemicals'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.


Manali Petrochemicals Days Inventory Related Terms

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


Manali Petrochemicals (BOM:500268) Business Description

Traded in Other Exchanges
Address
88 Mount Road, SPIC House, Guindy, Chennai, TN, IND, 600032
Manali Petrochemicals Ltd operates in the chemical industry. The company is engaged in the manufacture and sale of Propylene Oxide (PO), Propylene Glycol (PG), and Polyols (PY). It serves various industries such as appliances, automotive, bedding, food and fragrances, furniture, footwear, paints and coatings, and pharmaceuticals. The company's only operating segment includes the manufacture and sale of petrochemical products. Geographically, it operates only in India.

Manali Petrochemicals (BOM:500268) Headlines

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