Garg Furnace (BOM:530615) Days Inventory : 11.59 (As of Dec. 2023)

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What is Garg Furnace Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Garg Furnace's Average Total Inventories for the three months ended in Dec. 2023 was ₹71 Mil. Garg Furnace's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹563 Mil. Hence, Garg Furnace's Days Inventory for the three months ended in Dec. 2023 was 11.59.

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

BOM:530615' s Days Inventory Range Over the Past 10 Years
Min: 17.76 Med: 37.97 Max: 54.7
Current: 17.76

During the past 13 years, Garg Furnace's highest Days Inventory was 54.70. The lowest was 17.76. And the median was 37.97.

BOM:530615's Days Inventory is ranked better than
95.99% of 573 companies
in the Steel industry
Industry Median: 86.42 vs BOM:530615: 17.76

Garg Furnace's Days Inventory declined from Dec. 2022 (23.46) to Dec. 2023 (11.59).

Inventory Turnover measures how fast the company turns over its inventory within a year. Garg Furnace's Inventory Turnover for the three months ended in Dec. 2023 was 7.88.

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. Garg Furnace's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.11.

Garg Furnace Days Inventory Historical Data

The historical data trend for Garg Furnace'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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Garg Furnace Days Inventory Chart

Garg Furnace Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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44.51

49.12

34.29

30.21

25.85

Garg Furnace 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															23.46	18.60	26.30	12.43	11.59

Competitive Comparison of Garg Furnace's Days Inventory

For the Steel subindustry, Garg Furnace'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.

Garg Furnace's Days Inventory Distribution in the Steel Industry

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

* The bar in red indicates where Garg Furnace's Days Inventory falls into.

Garg Furnace Days Inventory Calculation

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

Garg Furnace'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
=	( (168.479	+	154.671)	/	2 )	/	2281.827	*	365
=	161.575					/	2281.827	*	365
=	25.85

Garg Furnace'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
=	( (71.454	+	0)	/	1 )	/	562.717	*	365 / 4
=	71.454					/	562.717	*	365 / 4
=	11.59

Garg Furnace (BOM:530615) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	562.717	/	71.454
	=	7.88

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	71.454	/	653.981
	=	0.11

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.

Garg Furnace Days Inventory Related Terms

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

Garg Furnace (BOM:530615) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Garg Furnace Ltd (BOM:530615) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kanganwal Road, G.T. Road, V.P.O. Jugiana, Ludhiana, PB, IND, 141120

Website

https://www.gargfurnacelimited.com

Garg Furnace Ltd is an India-based company. It is engaged in the manufacturing and trading of alloy and non-alloy steel ingots, wire rods, wire round, mig wire, and casting of iron products. The company operates in a single reportable segment which is the business of manufacturing of Iron and Steel Products such as M.S. Round Ingot, Wire Rod, etc. Geographically, it operates only in India.

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