SAL Automotive (BOM:539353) Days Inventory : 33.18 (As of Dec. 2023)

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What is SAL Automotive Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SAL Automotive's Average Total Inventories for the three months ended in Dec. 2023 was ₹236 Mil. SAL Automotive's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹650 Mil. Hence, SAL Automotive's Days Inventory for the three months ended in Dec. 2023 was 33.18.

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

BOM:539353' s Days Inventory Range Over the Past 10 Years
Min: 24.46 Med: 30.79 Max: 42.24
Current: 31.23

During the past 9 years, SAL Automotive's highest Days Inventory was 42.24. The lowest was 24.46. And the median was 30.79.

BOM:539353's Days Inventory is ranked better than
90.66% of 1253 companies
in the Vehicles & Parts industry
Industry Median: 80.63 vs BOM:539353: 31.23

SAL Automotive's Days Inventory increased from Dec. 2022 (32.33) to Dec. 2023 (33.18). It might indicate that SAL Automotive's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. SAL Automotive's Inventory Turnover for the three months ended in Dec. 2023 was 2.75.

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. SAL Automotive's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.29.

SAL Automotive Days Inventory Historical Data

The historical data trend for SAL Automotive'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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SAL Automotive Days Inventory Chart

SAL Automotive Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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24.46

42.24

41.98

36.37

29.16

SAL Automotive 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															32.33	29.74	32.71	34.09	33.18

Competitive Comparison of SAL Automotive's Days Inventory

For the Auto Parts subindustry, SAL Automotive'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.

SAL Automotive's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, SAL Automotive's Days Inventory distribution charts can be found below:

* The bar in red indicates where SAL Automotive's Days Inventory falls into.

SAL Automotive Days Inventory Calculation

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

SAL Automotive'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
=	( (149.512	+	243.198)	/	2 )	/	2457.414	*	365
=	196.355					/	2457.414	*	365
=	29.16

SAL Automotive'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
=	( (236.3	+	0)	/	1 )	/	649.9	*	365 / 4
=	236.3					/	649.9	*	365 / 4
=	33.18

SAL Automotive (BOM:539353) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	649.9	/	236.3
	=	2.75

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	236.3	/	815.3
	=	0.29

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.

SAL Automotive Days Inventory Related Terms

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

SAL Automotive (BOM:539353) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SAL Automotive Ltd (BOM:539353) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

C-127, IV Floor, Satguru Infotech, Industrial Area, Phase VIII, S.A.S. Nagar, Mohali, PB, IND, 160071

Website

https://www.salautomotive.in

SAL Automotive Ltd is an India-based company engaged in the manufacturing and supplying of Automotive Components. Its products include Tractor Seats, LCV BUS and Railway Coach Seat, Recliners, Rotavators, and Tractor-Trailer among others. The company business covers two business segments Automobile Components and Agriculture Implements. It generates maximum revenue from the Agriculture Implements segment.

SAL Automotive (BOM:539353) Headlines

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