Ramco Cements (NSE:RAMCOCEM) Days Inventory : 109.68 (As of Dec. 2023)

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What is Ramco Cements Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ramco Cements's Average Total Inventories for the three months ended in Dec. 2023 was ₹10,586 Mil. Ramco Cements's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹8,807 Mil. Hence, Ramco Cements's Days Inventory for the three months ended in Dec. 2023 was 109.68.

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

NSE:RAMCOCEM' s Days Inventory Range Over the Past 10 Years
Min: 69.16 Med: 114.44 Max: 142.64
Current: 83.41

During the past 13 years, Ramco Cements's highest Days Inventory was 142.64. The lowest was 69.16. And the median was 114.44.

NSE:RAMCOCEM's Days Inventory is ranked better than
50.14% of 369 companies
in the Building Materials industry
Industry Median: 83.57 vs NSE:RAMCOCEM: 83.41

Ramco Cements's Days Inventory increased from Dec. 2022 (89.37) to Dec. 2023 (109.68). It might indicate that Ramco Cements's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ramco Cements's Inventory Turnover for the three months ended in Dec. 2023 was 0.83.

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. Ramco Cements's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.50.

Ramco Cements Days Inventory Historical Data

The historical data trend for Ramco Cements'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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Ramco Cements Days Inventory Chart

Ramco Cements Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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90.35

95.50

113.38

95.95

69.16

Ramco Cements 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															89.37	44.10	74.49	218.56	109.68

Competitive Comparison of Ramco Cements's Days Inventory

For the Building Materials subindustry, Ramco Cements'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.

Ramco Cements's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Ramco Cements's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ramco Cements's Days Inventory falls into.

Ramco Cements Days Inventory Calculation

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

Ramco Cements'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
=	( (8344.7	+	8836.1)	/	2 )	/	45334.4	*	365
=	8590.4					/	45334.4	*	365
=	69.16

Ramco Cements'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
=	( (10585.8	+	0)	/	1 )	/	8807.1	*	365 / 4
=	10585.8					/	8807.1	*	365 / 4
=	109.68

Ramco Cements (NSE:RAMCOCEM) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8807.1	/	10585.8
	=	0.83

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10585.8	/	21108.8
	=	0.50

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.

Ramco Cements Days Inventory Related Terms

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

Ramco Cements (NSE:RAMCOCEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ramco Cements Ltd (NSE:RAMCOCEM) » Definitions » Days Inventory

Traded in Other Exchanges

500260:India

Address

98-A, Dr. Radhakrishnan Road, Mylapore, Chennai, TN, IND, 600 004

Website

https://www.ramcocements.in

Ramco Cements Ltd, part of Ramco Group, is a producer of Portland cement. The company owns grinding units and packing terminals, as well as integrated cement plants. Its cement is sold under the Ramco Supergrade brand in India. Other products include ready-mix concrete and dry-mortar products. Ramco Cements also operates wind farms in India.

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