Modern Steels (BOM:513303) Days Inventory : 0.00 (As of Mar. 2024)

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What is Modern Steels Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Modern Steels's Average Total Inventories for the three months ended in Mar. 2024 was ₹0.00 Mil. Modern Steels's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹0.00 Mil.

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

During the past 13 years, Modern Steels's highest Days Inventory was 495.84. The lowest was 50.21. And the median was 82.73.

BOM:513303's Days Inventory is not ranked ^*
in the Steel industry.
Industry Median: 88.445
* Ranked among companies with meaningful Days Inventory only.

Modern Steels's Days Inventory stayed the same from Mar. 2023 (0.00) to Mar. 2024 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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.

Modern Steels Days Inventory Historical Data

The historical data trend for Modern Steels'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.

Modern Steels Days Inventory Chart

Modern Steels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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56.58

86.56

495.84

Modern Steels 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															-	-	-	-	-

Competitive Comparison of Modern Steels's Days Inventory

For the Steel subindustry, Modern Steels'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.

Modern Steels's Days Inventory Distribution in the Steel Industry

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

* The bar in red indicates where Modern Steels's Days Inventory falls into.

Modern Steels Days Inventory Calculation

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

Modern Steels's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365
=	0					/	0	*	365
=	N/A

Modern Steels'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
=	( (0	+	0)	/	1 )	/	0	*	365 / 4
=	0					/	0	*	365 / 4
=	N/A

Modern Steels (BOM:513303) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	0
	=

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	0
	=

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.

Modern Steels Days Inventory Related Terms

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

Modern Steels (BOM:513303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Modern Steels Ltd (BOM:513303) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

SCO 98-99, Sub City Centre, Sector 34, Chandigarh, IND, 160022

Website

https://www.modernsteels.com

Modern Steels Ltd is an Indian company that is engaged in manufacturing steel rolled products. Its product line includes alloy bars and rounds, non-alloy bars and rounds, auto components, and others.

Modern Steels (BOM:513303) Headlines

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