Days Inventory is also known as Days Sales of Inventory (DSI). Jindalw's Average Total Inventories for the
three
months ended in Mar. 2024 was ₹48,953 Mil. Jindalw's Cost of Goods Sold for the
three
months ended in Mar. 2024 was ₹32,024 Mil.
Hence, Jindalw's Days Inventory for the
three
months ended in Mar. 2024 was 139.49.
The historical rank and industry rank for Jindalw's Days Inventory or its related term are showing as below:
BOM:500378'
s Days Inventory Range Over the Past 10 Years
Min: 127.41 Med: 146.55 Max: 183.3
Current: 137.24
During the past 13 years, Jindalw's highest Days Inventory was 183.30. The lowest was 127.41. And the median was 146.55.
BOM:500378's Days Inventory is ranked worse than 76.7% of 575
companies
in the Steel industry
Industry Median: 86.14
vs BOM:500378: 137.24
Jindalw's Days Inventory
increased
from Mar. 2023 (115.27) to Mar. 2024 (139.49).
It might indicate that Jindalw's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Jindalw's Inventory Turnover for the
three
months ended in Mar. 2024 was 0.65.
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.
Jindalw's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.90.
Jindalw Days Inventory Historical Data
The historical data trend for Jindalw'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 Jindalw's Days Inventory
For the Steel subindustry, Jindalw'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.
Jindalw's Days Inventory Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Jindalw's Days Inventory distribution charts can be found below:
* The bar in red indicates where Jindalw's Days Inventory falls into.
Jindalw Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Jindalw's Days Inventory for the fiscal year that ended in Mar. 2024 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.
Jindalw (BOM:500378) 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.
Jindalw's Inventory Turnover for the
three
months ended in Mar. 2024 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.
Jindalw's Inventory to Revenue for the
three
months ended in Mar. 2024 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.
Jindalw Days Inventory Related Terms
Thank you for viewing the detailed overview of Jindalw's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Jindal Saw Ltd is an Indian manufacturer and supplier of iron and steel pipes, fittings, and pellets. Its products can be used in oil and gas exploration, transportation, power generation, the supply of drinking water, drainage, and irrigation, as well as other industrial applications. It operates in two segments namely Iron and steel products and Waterways Logistics. The company operations are located in India, United States, Italy, United Arab Emirates, and Algeria. Geographically, it generates the majority of the revenue from India.
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