Jindal Steel & Power (BOM:532286) Days Inventory : 104.33 (As of Mar. 2024)

View and export this data going back to 1999. Start your Free Trial

What is Jindal Steel & Power Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jindal Steel & Power's Average Total Inventories for the three months ended in Mar. 2024 was ₹70,774 Mil. Jindal Steel & Power's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹61,903 Mil. Hence, Jindal Steel & Power's Days Inventory for the three months ended in Mar. 2024 was 104.33.

The historical rank and industry rank for Jindal Steel & Power's Days Inventory or its related term are showing as below:

BOM:532286' s Days Inventory Range Over the Past 10 Years
Min: 48.69 Med: 81.57 Max: 175.75
Current: 139.13

During the past 13 years, Jindal Steel & Power's highest Days Inventory was 175.75. The lowest was 48.69. And the median was 81.57.

BOM:532286's Days Inventory is ranked worse than
77.22% of 575 companies
in the Steel industry
Industry Median: 86.14 vs BOM:532286: 139.13

Jindal Steel & Power's Days Inventory increased from Mar. 2023 (78.96) to Mar. 2024 (104.33). It might indicate that Jindal Steel & Power's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jindal Steel & Power's Inventory Turnover for the three months ended in Mar. 2024 was 0.87.

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. Jindal Steel & Power's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.52.

Jindal Steel & Power Days Inventory Historical Data

The historical data trend for Jindal Steel & Power'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.

Jindal Steel & Power Days Inventory Chart

Jindal Steel & Power Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

Get a 7-Day Free Trial

84.60

79.34

48.69

99.32

109.07

Jindal Steel & Power 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															78.96	101.28	-	108.00	104.33

Competitive Comparison of Jindal Steel & Power's Days Inventory

For the Steel subindustry, Jindal Steel & Power'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.

Jindal Steel & Power's Days Inventory Distribution in the Steel Industry

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

* The bar in red indicates where Jindal Steel & Power's Days Inventory falls into.

Jindal Steel & Power Days Inventory Calculation

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

Jindal Steel & Power'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
=	( (58867.8	+	70773.7)	/	2 )	/	216922.6	*	365
=	64820.75					/	216922.6	*	365
=	109.07

Jindal Steel & Power'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	+	70773.7)	/	1 )	/	61902.6	*	365 / 4
=	70773.7					/	61902.6	*	365 / 4
=	104.33

Jindal Steel & Power (BOM:532286) 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.

Jindal Steel & Power's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	61902.6	/	70773.7
	=	0.87

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.

Jindal Steel & Power's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	70773.7	/	134869.6
	=	0.52

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.

Jindal Steel & Power Days Inventory Related Terms

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

Jindal Steel & Power (BOM:532286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jindal Steel & Power Ltd (BOM:532286) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

JINDALSTEL:India

Address

Jindal Centre, 12, Bhikaiji Cama Place, New Delhi, IND, 110 066

Website

https://www.jindalsteelpower.com

Jindal Steel & Power Ltd is an Indian-based company that is involved in the steelmaking, power generation, mining, and infrastructure sectors. The iron and steel segment is the company's largest segment, representing the majority of the company's sales. Jindal Steel and Power's iron and steel segment manufacture a wide range of steel products that find applications in railway, road, highways and bridges, housing, industrial applications, heavy machinery, and civil construction. Jindal Steel and Power's power segment operates power plants and transmission lines. The company generates most of its revenue from the Indian domestic market.

Jindal Steel & Power (BOM:532286) Headlines

No Headlines