Shrydus Industries (BOM:511493) Days Inventory : 6.67 (As of Dec. 2023)

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What is Shrydus Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shrydus Industries's Average Total Inventories for the three months ended in Dec. 2023 was ₹2.00 Mil. Shrydus Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹27.38 Mil. Hence, Shrydus Industries's Days Inventory for the three months ended in Dec. 2023 was 6.67.

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

BOM:511493' s Days Inventory Range Over the Past 10 Years
Min: 7.82 Med: 838.72 Max: 8478.27
Current: 9.2

During the past 13 years, Shrydus Industries's highest Days Inventory was 8478.27. The lowest was 7.82. And the median was 838.72.

BOM:511493's Days Inventory is ranked better than
75.23% of 218 companies
in the Capital Markets industry
Industry Median: 62.495 vs BOM:511493: 9.20

Shrydus Industries's Days Inventory increased from Sep. 2022 (0.00) to Dec. 2023 (6.67). It might indicate that Shrydus Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shrydus Industries's Inventory Turnover for the three months ended in Dec. 2023 was 13.67.

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. Shrydus Industries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.06.

Shrydus Industries Days Inventory Historical Data

The historical data trend for Shrydus Industries'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.

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Shrydus Industries Days Inventory Chart

Shrydus Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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6,573.87

13.44

27.69

7.97

7.82

Shrydus Industries Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	-	5.60	9.35	6.67

Competitive Comparison of Shrydus Industries's Days Inventory

For the Capital Markets subindustry, Shrydus Industries'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.

Shrydus Industries's Days Inventory Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Shrydus Industries's Days Inventory distribution charts can be found below:

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

Shrydus Industries Days Inventory Calculation

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

Shrydus Industries'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
=	( (1.896	+	1.896)	/	2 )	/	88.46	*	365
=	1.896					/	88.46	*	365
=	7.82

Shrydus Industries'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
=	( (2.002	+	0)	/	1 )	/	27.377	*	365 / 4
=	2.002					/	27.377	*	365 / 4
=	6.67

Shrydus Industries (BOM:511493) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	27.377	/	2.002
	=	13.67

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.002	/	31.103
	=	0.06

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.

Shrydus Industries Days Inventory Related Terms

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

Shrydus Industries (BOM:511493) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Shrydus Industries Ltd (BOM:511493) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

107, SV Road, Sagar Avenue, Above Bata, Andheri (West), Mumbai, MH, IND, 400058

Website

https://www.shrydus.com

Shrydus Industries Ltd is engaged in the business of Retail Mobilization Services. Its core business activities include equity trading, commodities, portfolio management services, mutual funds, life insurance, foreign exchange, IPO (initial public offer), foreign exchange, currency derivatives, futures and options, retail mobilization depository services, and investment advisory. It also offers online services including online trading and professional back-office services. The Company has income from one segment only which is Trading.

Shrydus Industries (BOM:511493) Headlines

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