Days Inventory is also known as Days Sales of Inventory (DSI). Elgi Rubber Co's Average Total Inventories for the
three
months ended in Dec. 2023 was ₹1,128 Mil. Elgi Rubber Co's Cost of Goods Sold for the
three
months ended in Dec. 2023 was ₹331 Mil.
Hence, Elgi Rubber Co's Days Inventory for the
three
months ended in Dec. 2023 was 310.73.
The historical rank and industry rank for Elgi Rubber Co's Days Inventory or its related term are showing as below:
NSE:ELGIRUBCO'
s Days Inventory Range Over the Past 10 Years
Min: 160.27 Med: 234.69 Max: 281.24
Current: 231.47
During the past 13 years, Elgi Rubber Co's highest Days Inventory was 281.24. The lowest was 160.27. And the median was 234.69.
NSE:ELGIRUBCO's Days Inventory is ranked worse than 92.58% of 1254
companies
in the Vehicles & Parts industry
Industry Median: 80.76
vs NSE:ELGIRUBCO: 231.47
Elgi Rubber Co's Days Inventory
increased
from Dec. 2022 (196.56) to Dec. 2023 (310.73).
It might indicate that Elgi Rubber Co's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Elgi Rubber Co's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.29.
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.
Elgi Rubber Co's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.19.
Elgi Rubber Co Days Inventory Historical Data
The historical data trend for Elgi Rubber Co'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.
Competitive Comparison of Elgi Rubber Co's Days Inventory
For the Auto Parts subindustry, Elgi Rubber Co'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.
Elgi Rubber Co's Days Inventory Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Elgi Rubber Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Elgi Rubber Co's Days Inventory falls into.
Elgi Rubber Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Elgi Rubber Co's Days Inventory for the fiscal year that ended in Mar. 2023 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.
Elgi Rubber Co (NSE:ELGIRUBCO) 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.
Elgi Rubber Co's Inventory Turnover for the
three
months ended in Dec. 2023 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.
Elgi Rubber Co's Inventory to Revenue for the
three
months ended in Dec. 2023 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.
Elgi Rubber Co Days Inventory Related Terms
Thank you for viewing the detailed overview of Elgi Rubber Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Elgi Rubber Co (NSE:ELGIRUBCO) Business Description
Elgi Rubber Co Ltd provides solutions to Rubber Industry and is engaged in the business of manufacturing Reclaimed Rubber, Retreading machinery, and Retread rubber. The company has only one business segment, that is, manufacture of Reclaimed rubber and allied activities. Geographically, it derives a majority of its revenue from India. The company sells its product under various brands such as Jet, CRS (Cincinnati Retread Systems, Armonas, Pincott, Carbrasive, Midwest Rubber, Westernweld, Rubber Resources, and Rubber Compounding Holland. Its business operation comprises a single operating segment being Rubber Industry.
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