Ceeta Industries (BOM:514171) Days Inventory : 90.97 (As of Dec. 2023)

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What is Ceeta Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ceeta Industries's Average Total Inventories for the three months ended in Dec. 2023 was ₹18.3 Mil. Ceeta Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹18.3 Mil. Hence, Ceeta Industries's Days Inventory for the three months ended in Dec. 2023 was 90.97.

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

BOM:514171' s Days Inventory Range Over the Past 10 Years
Min: 24.89 Med: 91.64 Max: 905.82
Current: 64.23

During the past 13 years, Ceeta Industries's highest Days Inventory was 905.82. The lowest was 24.89. And the median was 91.64.

BOM:514171's Days Inventory is ranked worse than
51.6% of 219 companies
in the Capital Markets industry
Industry Median: 62.62 vs BOM:514171: 64.23

Ceeta Industries's Days Inventory increased from Dec. 2022 (0.22) to Dec. 2023 (90.97). It might indicate that Ceeta Industries's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ceeta Industries's Inventory Turnover for the three months ended in Dec. 2023 was 1.00.

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. Ceeta Industries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.64.

Ceeta Industries Days Inventory Historical Data

The historical data trend for Ceeta 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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Ceeta Industries Days Inventory Chart

Ceeta Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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52.87

102.24

50.47

24.89

128.89

Ceeta Industries Quarterly Data
	Dec18	Mar19	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															0.22	123.16	72.42	114.44	90.97

Competitive Comparison of Ceeta Industries's Days Inventory

For the Capital Markets subindustry, Ceeta 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.

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

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

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

Ceeta Industries Days Inventory Calculation

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

Ceeta 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
=	( (0.015	+	16.387)	/	2 )	/	23.224	*	365
=	8.201					/	23.224	*	365
=	128.89

Ceeta 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
=	( (18.286	+	0)	/	1 )	/	18.342	*	365 / 4
=	18.286					/	18.342	*	365 / 4
=	90.97

Ceeta Industries (BOM:514171) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	18.342	/	18.286
	=	1.00

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	18.286	/	28.79
	=	0.64

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.

Ceeta Industries Days Inventory Related Terms

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

Ceeta Industries (BOM:514171) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Ceeta Industries Ltd (BOM:514171) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Damodar House, 1/A, Vansittart Row, 1st Floor, Kolkata, WB, IND, 700001

Website

https://www.ceeta.com

Ceeta Industries Ltd is engaged in manufacturing and trading in different business verticals. The Company has three segments viz. granite division engaged in manufacturing granite products, the Granite Division, which is engaged in manufacturing/trading granite products, and Others. Other operations comprise of trading transactions such as brokerage, commission, transportation, interest income on short-term lending, and miscellaneous services. The company generates the majority of its revenue from Other Operations.

Ceeta Industries (BOM:514171) Headlines

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