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Bhagiradha Chemicals & Industries (BOM:531719) Days Inventory : 154.10 (As of Mar. 2024)


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What is Bhagiradha Chemicals & Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Bhagiradha Chemicals & Industries's Average Total Inventories for the three months ended in Mar. 2024 was ₹1,115 Mil. Bhagiradha Chemicals & Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹660 Mil. Hence, Bhagiradha Chemicals & Industries's Days Inventory for the three months ended in Mar. 2024 was 154.10.

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

BOM:531719' s Days Inventory Range Over the Past 10 Years
Min: 65.12   Med: 99.29   Max: 236.95
Current: 134.73

During the past 13 years, Bhagiradha Chemicals & Industries's highest Days Inventory was 236.95. The lowest was 65.12. And the median was 99.29.

BOM:531719's Days Inventory is ranked worse than
60.7% of 229 companies
in the Agriculture industry
Industry Median: 110.04 vs BOM:531719: 134.73

Bhagiradha Chemicals & Industries's Days Inventory increased from Mar. 2023 (110.22) to Mar. 2024 (154.10). It might indicate that Bhagiradha Chemicals & 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. Bhagiradha Chemicals & Industries's Inventory Turnover for the three months ended in Mar. 2024 was 0.59.

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. Bhagiradha Chemicals & Industries's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.00.


Bhagiradha Chemicals & Industries Days Inventory Historical Data

The historical data trend for Bhagiradha Chemicals & 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.

* Premium members only.

Bhagiradha Chemicals & Industries Days Inventory Chart

Bhagiradha Chemicals & Industries 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 105.85 80.04 65.12 92.73 150.08

Bhagiradha Chemicals & Industries 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 110.22 126.29 81.35 179.38 154.10

Competitive Comparison of Bhagiradha Chemicals & Industries's Days Inventory

For the Agricultural Inputs subindustry, Bhagiradha Chemicals & 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.


Bhagiradha Chemicals & Industries's Days Inventory Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Bhagiradha Chemicals & Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Bhagiradha Chemicals & Industries's Days Inventory falls into.



Bhagiradha Chemicals & Industries Days Inventory Calculation

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

Bhagiradha Chemicals & Industries'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
=( (913.174 + 1114.888) / 2 ) / 2466.226*365
=1014.031 / 2466.226*365
=150.08

Bhagiradha Chemicals & Industries'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 + 1114.888) / 1 ) / 660.17*365 / 4
=1114.888 / 660.17*365 / 4
=154.10

* 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.


Bhagiradha Chemicals & Industries  (BOM:531719) 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.

Bhagiradha Chemicals & Industries'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.

Bhagiradha Chemicals & Industries'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.


Bhagiradha Chemicals & Industries Days Inventory Related Terms

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


Bhagiradha Chemicals & Industries (BOM:531719) Business Description

Traded in Other Exchanges
Address
Road Number 2, 8-2-269/S/3/A, Plot Number 3, Sagar Society, Banjara Hills, Hyderabad, TG, IND, 500 034
Bhagiradha Chemicals & Industries Ltd is an India-based company engaged in manufacturing agrochemical products. The company operates only in one business segment viz. manufacturing and sales of crop care chemicals. The company manufactures insecticides, herbicides, fungicides, plant growth regulators as well as intermediates. Its Insecticides include Chlorpyrifos, Chlopyrifos-methyl, Buprofezin, and others. Fungicide includes Azoxystrobin whereas Herbicide consists of Imazethapyr, Clodinafop-propargyl, Cloquintocet-mexyl. The company sells its products in India and the international market.

Bhagiradha Chemicals & Industries (BOM:531719) Headlines

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