Shree Hari Chemicals Export (BOM:524336) Days Inventory : 48.46 (As of Dec. 2023)

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What is Shree Hari Chemicals Export Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shree Hari Chemicals Export's Average Total Inventories for the three months ended in Dec. 2023 was ₹115 Mil. Shree Hari Chemicals Export's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹216 Mil. Hence, Shree Hari Chemicals Export's Days Inventory for the three months ended in Dec. 2023 was 48.46.

The historical rank and industry rank for Shree Hari Chemicals Export's Days Inventory or its related term are showing as below:

BOM:524336' s Days Inventory Range Over the Past 10 Years
Min: 44.74 Med: 65.46 Max: 211.82
Current: 93.35

During the past 13 years, Shree Hari Chemicals Export's highest Days Inventory was 211.82. The lowest was 44.74. And the median was 65.46.

BOM:524336's Days Inventory is ranked worse than
57.01% of 1491 companies
in the Chemicals industry
Industry Median: 82.8 vs BOM:524336: 93.35

Shree Hari Chemicals Export's Days Inventory declined from Dec. 2022 (83.59) to Dec. 2023 (48.46).

Inventory Turnover measures how fast the company turns over its inventory within a year. Shree Hari Chemicals Export's Inventory Turnover for the three months ended in Dec. 2023 was 1.88.

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. Shree Hari Chemicals Export's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.31.

Shree Hari Chemicals Export Days Inventory Historical Data

The historical data trend for Shree Hari Chemicals Export'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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Shree Hari Chemicals Export Days Inventory Chart

Shree Hari Chemicals Export Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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66.38

56.14

64.54

211.82

134.53

Shree Hari Chemicals Export 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															83.59	96.36	101.09	41.37	48.46

Competitive Comparison of Shree Hari Chemicals Export's Days Inventory

For the Specialty Chemicals subindustry, Shree Hari Chemicals Export'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.

Shree Hari Chemicals Export's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shree Hari Chemicals Export's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shree Hari Chemicals Export's Days Inventory falls into.

Shree Hari Chemicals Export Days Inventory Calculation

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

Shree Hari Chemicals Export'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
=	( (403.356	+	229.053)	/	2 )	/	857.925	*	365
=	316.2045					/	857.925	*	365
=	134.53

Shree Hari Chemicals Export'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
=	( (114.67	+	0)	/	1 )	/	215.902	*	365 / 4
=	114.67					/	215.902	*	365 / 4
=	48.46

Shree Hari Chemicals Export (BOM:524336) 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.

Shree Hari Chemicals Export's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	215.902	/	114.67
	=	1.88

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.

Shree Hari Chemicals Export's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	114.67	/	369.783
	=	0.31

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.

Shree Hari Chemicals Export Days Inventory Related Terms

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

Shree Hari Chemicals Export (BOM:524336) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shree Hari Chemicals Export Ltd (BOM:524336) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

New Link Road,, 401/402, A- Wing, Oberoi Chambers, Opposite SAB TV, Andheri (West), Mumbai, MH, IND, 400 053

Website

http://www.shreeharichemicals.in

Shree Hari Chemicals Export Ltd is an Indian company that is a manufacturer of H-Acid. The product categories of the company are acid dyes, direct dyes, intermediate dyes, and reactive dyes. It markets its products to Singapore, Korea, Malaysia, Thailand, the United Kingdom, Canada, China, and the Far East. It operates in one segment namely the H-Acid Chemicals product.

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