Rama Steel Tubes (NSE:RAMASTEEL) Days Inventory : 48.82 (As of Dec. 2023)

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What is Rama Steel Tubes Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Rama Steel Tubes's Average Total Inventories for the three months ended in Dec. 2023 was ₹1,264 Mil. Rama Steel Tubes's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹2,362 Mil. Hence, Rama Steel Tubes's Days Inventory for the three months ended in Dec. 2023 was 48.82.

The historical rank and industry rank for Rama Steel Tubes's Days Inventory or its related term are showing as below:

NSE:RAMASTEEL' s Days Inventory Range Over the Past 10 Years
Min: 33.24 Med: 49.27 Max: 67.66
Current: 54.17

During the past 9 years, Rama Steel Tubes's highest Days Inventory was 67.66. The lowest was 33.24. And the median was 49.27.

NSE:RAMASTEEL's Days Inventory is ranked better than
72.43% of 573 companies
in the Steel industry
Industry Median: 86.37 vs NSE:RAMASTEEL: 54.17

Rama Steel Tubes's Days Inventory increased from Dec. 2022 (41.85) to Dec. 2023 (48.82). It might indicate that Rama Steel Tubes's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Rama Steel Tubes's Inventory Turnover for the three months ended in Dec. 2023 was 1.87.

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. Rama Steel Tubes's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.48.

Rama Steel Tubes Days Inventory Historical Data

The historical data trend for Rama Steel Tubes'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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Rama Steel Tubes Days Inventory Chart

Rama Steel Tubes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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33.24

59.29

53.65

45.91

43.75

Rama Steel Tubes 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															41.85	49.81	62.66	63.73	48.82

Competitive Comparison of Rama Steel Tubes's Days Inventory

For the Steel subindustry, Rama Steel Tubes'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.

Rama Steel Tubes's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Rama Steel Tubes's Days Inventory distribution charts can be found below:

* The bar in red indicates where Rama Steel Tubes's Days Inventory falls into.

Rama Steel Tubes Days Inventory Calculation

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

Rama Steel Tubes'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
=	( (1011.45	+	1970.649)	/	2 )	/	12439.87	*	365
=	1491.0495					/	12439.87	*	365
=	43.75

Rama Steel Tubes'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
=	( (1263.621	+	0)	/	1 )	/	2361.82	*	365 / 4
=	1263.621					/	2361.82	*	365 / 4
=	48.82

Rama Steel Tubes (NSE:RAMASTEEL) 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.

Rama Steel Tubes's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2361.82	/	1263.621
	=	1.87

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.

Rama Steel Tubes's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1263.621	/	2623.906
	=	0.48

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.

Rama Steel Tubes Days Inventory Related Terms

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

Rama Steel Tubes (NSE:RAMASTEEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Rama Steel Tubes Ltd (NSE:RAMASTEEL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

539309:India

Address

Main Road, B-5, 3rd Floor, Ghazipur, New Delhi, IND, 110096

Website

https://www.ramasteel.com

Rama Steel Tubes Ltd is a manufacturer and exporter of steel pipes, steel tubes, galvanized pipes, fence pipes, electrical conduit pipes, scaffolding fittings, hollow section, square steel pipes, and square steel tubes. The firm's only segment is the manufacturing and trading of Steel Tubes Pipes and Steel allied products. It also manufactures and exports hollow section for the automobile industry, including highway and street lighting poles, as well as traffic signal poles. It operates its business across the world and generates its revenues from India.

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