Jiwanram Sheoduttrai Industries (NSE:JIWANRAM) Days Inventory : 342.06 (As of Mar. 2023)

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What is Jiwanram Sheoduttrai Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jiwanram Sheoduttrai Industries's Average Total Inventories for the six months ended in Mar. 2023 was ₹292.8 Mil. Jiwanram Sheoduttrai Industries's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹312.4 Mil. Hence, Jiwanram Sheoduttrai Industries's Days Inventory for the six months ended in Mar. 2023 was 171.03.

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

NSE:JIWANRAM' s Days Inventory Range Over the Past 10 Years
Min: 342.06 Med: 425.14 Max: 445.63
Current: 342.06

During the past 3 years, Jiwanram Sheoduttrai Industries's highest Days Inventory was 445.63. The lowest was 342.06. And the median was 425.14.

NSE:JIWANRAM's Days Inventory is ranked worse than
91.43% of 1003 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 131.33 vs NSE:JIWANRAM: 342.06

Jiwanram Sheoduttrai Industries's Days Inventory declined from Mar. 2021 (445.63) to Mar. 2023 (342.06).

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. Jiwanram Sheoduttrai Industries's Inventory Turnover for the six months ended in Mar. 2023 was 1.07.

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. Jiwanram Sheoduttrai Industries's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.72.

Jiwanram Sheoduttrai Industries Days Inventory Historical Data

The historical data trend for Jiwanram Sheoduttrai 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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Jiwanram Sheoduttrai Industries Days Inventory Chart

Jiwanram Sheoduttrai Industries Annual Data

Trend

Mar21

Mar22

Mar23

Days Inventory

445.63

425.14

342.06

Jiwanram Sheoduttrai Industries Semi-Annual Data
	Mar21	Mar22	Mar23
Days Inventory	445.63	425.14	342.06

Competitive Comparison of Jiwanram Sheoduttrai Industries's Days Inventory

For the Footwear & Accessories subindustry, Jiwanram Sheoduttrai 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.

Jiwanram Sheoduttrai Industries's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Jiwanram Sheoduttrai Industries's Days Inventory distribution charts can be found below:

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

Jiwanram Sheoduttrai Industries Days Inventory Calculation

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

Jiwanram Sheoduttrai 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
=	( (290.607	+	295.004)	/	2 )	/	312.442	*	365
=	292.8055					/	312.442	*	365
=	342.06

Jiwanram Sheoduttrai Industries's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (290.607	+	295.004)	/	2 )	/	312.442	*	365 / 2
=	292.8055					/	312.442	*	365 / 2
=	171.03

Jiwanram Sheoduttrai Industries (NSE:JIWANRAM) 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.

Jiwanram Sheoduttrai Industries's Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	312.442	/	292.8055
	=	1.07

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.

Jiwanram Sheoduttrai Industries's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	292.8055	/	408.938
	=	0.72

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.

Jiwanram Sheoduttrai Industries Days Inventory Related Terms

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

Jiwanram Sheoduttrai Industries (NSE:JIWANRAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Jiwanram Sheoduttrai Industries Ltd (NSE:JIWANRAM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shilpangan, LB 1, Module 301 & 302, Phase -1, Sector III, Kolkata, WB, IND, 700098

Website

https://www.jiwanramgroup.com

Jiwanram Sheoduttrai Industries Ltd is engaged in the manufacturing and export of Industrial Safety Gloves and Garments which provides customized solutions in the field of Industrial Safety. Its Products are well-accepted for their quality which covers all its manufacturing range of Gloves, Industrial Garments and other protective PPEs and solution baskets for Industrial Safety. It is majorly engaged in the business of manufacturing and exporting for various brands.

Jiwanram Sheoduttrai Industries (NSE:JIWANRAM) Headlines

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