Gujarat Gas (BOM:539336) Days Inventory : 1.74 (As of Dec. 2023)

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What is Gujarat Gas Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Gujarat Gas's Average Total Inventories for the three months ended in Dec. 2023 was ₹616 Mil. Gujarat Gas's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹32,230 Mil. Hence, Gujarat Gas's Days Inventory for the three months ended in Dec. 2023 was 1.74.

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

BOM:539336' s Days Inventory Range Over the Past 10 Years
Min: 1.39 Med: 2.75 Max: 3.74
Current: 1.76

During the past 13 years, Gujarat Gas's highest Days Inventory was 3.74. The lowest was 1.39. And the median was 2.75.

BOM:539336's Days Inventory is ranked better than
90.5% of 463 companies
in the Utilities - Regulated industry
Industry Median: 23.36 vs BOM:539336: 1.76

Gujarat Gas's Days Inventory declined from Dec. 2022 (2.11) to Dec. 2023 (1.74).

Inventory Turnover measures how fast the company turns over its inventory within a year. Gujarat Gas's Inventory Turnover for the three months ended in Dec. 2023 was 52.31.

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. Gujarat Gas's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.02.

Gujarat Gas Days Inventory Historical Data

The historical data trend for Gujarat Gas'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.

Gujarat Gas Days Inventory Chart

Gujarat Gas Annual Data

Trend

Dec13

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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3.60

2.56

2.45

1.39

1.51

Gujarat Gas 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															2.11	1.54	1.80	1.84	1.74

Competitive Comparison of Gujarat Gas's Days Inventory

For the Utilities - Regulated Gas subindustry, Gujarat Gas'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.

Gujarat Gas's Days Inventory Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Gujarat Gas's Days Inventory distribution charts can be found below:

* The bar in red indicates where Gujarat Gas's Days Inventory falls into.

Gujarat Gas Days Inventory Calculation

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

Gujarat Gas'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
=	( (533.9	+	611.8)	/	2 )	/	138182.5	*	365
=	572.85					/	138182.5	*	365
=	1.51

Gujarat Gas'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
=	( (616.1	+	0)	/	1 )	/	32230.4	*	365 / 4
=	616.1					/	32230.4	*	365 / 4
=	1.74

Gujarat Gas (BOM:539336) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	32230.4	/	616.1
	=	52.31

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	616.1	/	39291
	=	0.02

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.

Gujarat Gas Days Inventory Related Terms

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

Gujarat Gas (BOM:539336) Business Description

Industry

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GUJGASLTD:India

Address

2, Shanti Sadan Society, Near Parimal Garden, Ellisbridge, Ahmedabad, GJ, IND, 380 006

Website

https://www.gujaratgas.com

Gujarat Gas Ltd is an India based gas distribution company. Its activities include sale, purchase, supply, distribution, transport, trading in Natural Gas, Compressed natural gas, Liquefied natural gas, Liquefied petroleum gas and other gaseous forms. The company transports the gas through pipelines, trucks, trains or other suitable mode for transportation. It operates in the segment of the natural gas business. All the business activities of the company are carried out in India.

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