Shree Cement (BOM:500387) Days Inventory : 109.39 (As of Dec. 2023)

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What is Shree Cement Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shree Cement's Average Total Inventories for the three months ended in Dec. 2023 was ₹22,374 Mil. Shree Cement's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹18,663 Mil. Hence, Shree Cement's Days Inventory for the three months ended in Dec. 2023 was 109.39.

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

BOM:500387' s Days Inventory Range Over the Past 10 Years
Min: 105.9 Med: 147.74 Max: 212.87
Current: 105.9

During the past 13 years, Shree Cement's highest Days Inventory was 212.87. The lowest was 105.90. And the median was 147.74.

BOM:500387's Days Inventory is ranked worse than
61.58% of 367 companies
in the Building Materials industry
Industry Median: 83.39 vs BOM:500387: 105.90

Shree Cement's Days Inventory declined from Dec. 2022 (145.56) to Dec. 2023 (109.39).

Inventory Turnover measures how fast the company turns over its inventory within a year. Shree Cement's Inventory Turnover for the three months ended in Dec. 2023 was 0.83.

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. Shree Cement's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.43.

Shree Cement Days Inventory Historical Data

The historical data trend for Shree Cement'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.

Shree Cement Days Inventory Chart

Shree Cement Annual Data

Trend

Jun14

Jun15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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134.41

152.44

154.24

143.04

115.37

Shree Cement 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															145.56	82.40	121.78	105.55	109.39

Competitive Comparison of Shree Cement's Days Inventory

For the Building Materials subindustry, Shree Cement'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.

Shree Cement's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Shree Cement's Days Inventory distribution charts can be found below:

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

Shree Cement Days Inventory Calculation

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

Shree Cement'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
=	( (24970.2	+	27596.8)	/	2 )	/	83151.8	*	365
=	26283.5					/	83151.8	*	365
=	115.37

Shree Cement'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
=	( (22373.7	+	0)	/	1 )	/	18663	*	365 / 4
=	22373.7					/	18663	*	365 / 4
=	109.39

Shree Cement (BOM:500387) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	18663	/	22373.7
	=	0.83

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	22373.7	/	52231.8
	=	0.43

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.

Shree Cement Days Inventory Related Terms

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

Shree Cement (BOM:500387) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Shree Cement Ltd (BOM:500387) » Definitions » Days Inventory

Traded in Other Exchanges

SHREECEM:India

Address

21 Strand Road, Kolkata, WB, IND, 700 001

Website

https://www.shreecement.com

Shree Cement Ltd manufactures and sells cement and cement-related products to the building and construction industries. It derives revenue from Cement, Clinker and Power sales, of which Cement products contribute majorly to the revenue. The Cement products are offered under the brands Shree Jung Rodhak and Bangur, among others. Nearly all of the firm's revenue comes from India.

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