Schaeffler India (NSE:SCHAEFFLER) Days Inventory : 103.13 (As of Mar. 2024)

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What is Schaeffler India Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Schaeffler India's Average Total Inventories for the three months ended in Mar. 2024 was ₹13,156 Mil. Schaeffler India's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹11,640 Mil. Hence, Schaeffler India's Days Inventory for the three months ended in Mar. 2024 was 103.13.

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

NSE:SCHAEFFLER' s Days Inventory Range Over the Past 10 Years
Min: 62.59 Med: 89.72 Max: 105.64
Current: 99.1

During the past 13 years, Schaeffler India's highest Days Inventory was 105.64. The lowest was 62.59. And the median was 89.72.

NSE:SCHAEFFLER's Days Inventory is ranked worse than
63.96% of 1254 companies
in the Vehicles & Parts industry
Industry Median: 80.76 vs NSE:SCHAEFFLER: 99.10

Schaeffler India's Days Inventory declined from Mar. 2023 (109.44) to Mar. 2024 (103.13).

Inventory Turnover measures how fast the company turns over its inventory within a year. Schaeffler India's Inventory Turnover for the three months ended in Mar. 2024 was 0.88.

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. Schaeffler India's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.70.

Schaeffler India Days Inventory Historical Data

The historical data trend for Schaeffler India'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.

* Premium members only.

Schaeffler India Days Inventory Chart

Schaeffler India Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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101.92

105.64

89.05

94.43

98.31

Schaeffler India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															109.44	114.90	110.73	84.22	103.13

Competitive Comparison of Schaeffler India's Days Inventory

For the Auto Parts subindustry, Schaeffler India'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.

Schaeffler India's Days Inventory Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Schaeffler India's Days Inventory falls into.

Schaeffler India Days Inventory Calculation

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

Schaeffler India's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (12433.7	+	13156.1)	/	2 )	/	47503.9	*	365
=	12794.9					/	47503.9	*	365
=	98.31

Schaeffler India's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (13156.1	+	0)	/	1 )	/	11640.3	*	365 / 4
=	13156.1					/	11640.3	*	365 / 4
=	103.13

Schaeffler India (NSE:SCHAEFFLER) 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.

Schaeffler India's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11640.3	/	13156.1
	=	0.88

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.

Schaeffler India's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	13156.1	/	18731.3
	=	0.70

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.

Schaeffler India Days Inventory Related Terms

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

Schaeffler India (NSE:SCHAEFFLER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Schaeffler India Ltd (NSE:SCHAEFFLER) » Definitions » Days Inventory

Traded in Other Exchanges

505790:India

Address

Amar Sadanand Tech Park, 15th Floor, Plot No 3, Survey 105/3 104/1,Baner, Baner, Pune, MH, IND, 411045

Website

https://www.schaeffler.co.in

Schaeffler India Ltd is engaged in the manufacturing of rolling bearings spherical plain bearings, plain bearings, and linear products under the product brands INA and FAG. The Company supplies its products to the automotive industry. The Aftermarket business division of the company automotive is responsible for the automotive aftermarket business. Under the LuK, INA and FAG brands, it supplies components for transmissions, engines, and chassis in original equipment manufacturer quality and for all vehicle classes. Comprehensive services for repair shops and automotive distributors round out the product range. It has three segments i.e Industrial, Automotive Technologies, and Automotive Aftermarket.

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