Yash Chemex (BOM:539939) Days Inventory : 68.61 (As of Dec. 2023)

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What is Yash Chemex Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Yash Chemex's Average Total Inventories for the three months ended in Dec. 2023 was ₹134 Mil. Yash Chemex's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹178 Mil. Hence, Yash Chemex's Days Inventory for the three months ended in Dec. 2023 was 68.61.

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

BOM:539939' s Days Inventory Range Over the Past 10 Years
Min: 16.15 Med: 32.1 Max: 53.23
Current: 43.25

During the past 13 years, Yash Chemex's highest Days Inventory was 53.23. The lowest was 16.15. And the median was 32.10.

BOM:539939's Days Inventory is ranked better than
81.86% of 1494 companies
in the Chemicals industry
Industry Median: 82.18 vs BOM:539939: 43.25

Yash Chemex's Days Inventory increased from Dec. 2022 (43.24) to Dec. 2023 (68.61). It might indicate that Yash Chemex's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Yash Chemex's Inventory Turnover for the three months ended in Dec. 2023 was 1.33.

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. Yash Chemex's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.71.

Yash Chemex Days Inventory Historical Data

The historical data trend for Yash Chemex'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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Yash Chemex Days Inventory Chart

Yash Chemex Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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21.67

29.17

38.70

30.57

50.32

Yash Chemex 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															43.24	32.65	40.99	72.95	68.61

Competitive Comparison of Yash Chemex's Days Inventory

For the Specialty Chemicals subindustry, Yash Chemex'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.

Yash Chemex's Days Inventory Distribution in the Chemicals Industry

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

* The bar in red indicates where Yash Chemex's Days Inventory falls into.

Yash Chemex Days Inventory Calculation

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

Yash Chemex'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
=	( (93.99	+	137.06)	/	2 )	/	838.037	*	365
=	115.525					/	838.037	*	365
=	50.32

Yash Chemex'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
=	( (133.825	+	0)	/	1 )	/	177.997	*	365 / 4
=	133.825					/	177.997	*	365 / 4
=	68.61

Yash Chemex (BOM:539939) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	177.997	/	133.825
	=	1.33

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	133.825	/	189.082
	=	0.71

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.

Yash Chemex Days Inventory Related Terms

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

Yash Chemex (BOM:539939) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Yash Chemex Ltd (BOM:539939) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

132 Feet Ring Road, 411, 4th Floor, Sigma Icon-1, Opposite Medilink Hospital, Satellite, Ahmedabad, GJ, IND, 380015

Website

https://www.yashchemex.com

Yash Chemex Ltd is a chemical and dyes manufacturing and distribution company. The company's operating segment is the trading of chemicals. Through it's subsidiary, it also offers FMCG products like Perfume, Pocket Perfumes, Body Deodorant Sprays, Refreshing Toners, Hair-Re-Growth Oil, hand-made Natural Soaps and manufacturing of Industrial Dyes, Pigments Paste and Intermediates. Geographically, it derives a majority of revenue from India.

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