RO Jewels (BOM:543171) Days Inventory : 57.22 (As of Dec. 2023)

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What is RO Jewels Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). RO Jewels's Average Total Inventories for the three months ended in Dec. 2023 was ₹103 Mil. RO Jewels's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹164 Mil. Hence, RO Jewels's Days Inventory for the three months ended in Dec. 2023 was 57.22.

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

BOM:543171' s Days Inventory Range Over the Past 10 Years
Min: 6.69 Med: 46.41 Max: 113.5
Current: 17.23

During the past 7 years, RO Jewels's highest Days Inventory was 113.50. The lowest was 6.69. And the median was 46.41.

BOM:543171's Days Inventory is ranked better than
91.67% of 1069 companies
in the Retail - Cyclical industry
Industry Median: 110.7 vs BOM:543171: 17.23

RO Jewels's Days Inventory declined from Dec. 2022 (66.20) to Dec. 2023 (57.22).

Inventory Turnover measures how fast the company turns over its inventory within a year. RO Jewels's Inventory Turnover for the three months ended in Dec. 2023 was 1.59.

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. RO Jewels's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.65.

RO Jewels Days Inventory Historical Data

The historical data trend for RO Jewels'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.

RO Jewels Days Inventory Chart

RO Jewels Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

Get a 7-Day Free Trial

113.50

8.20

53.37

63.76

6.69

RO Jewels Quarterly Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial												66.20	2.40	3.26	48.07	57.22

Competitive Comparison of RO Jewels's Days Inventory

For the Luxury Goods subindustry, RO Jewels'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.

RO Jewels's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, RO Jewels's Days Inventory distribution charts can be found below:

* The bar in red indicates where RO Jewels's Days Inventory falls into.

RO Jewels Days Inventory Calculation

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

RO Jewels'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
=	( (87.751	+	96.962)	/	2 )	/	5040.894	*	365
=	92.3565					/	5040.894	*	365
=	6.69

RO Jewels'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
=	( (102.651	+	0)	/	1 )	/	163.714	*	365 / 4
=	102.651					/	163.714	*	365 / 4
=	57.22

RO Jewels (BOM:543171) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	163.714	/	102.651
	=	1.59

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	102.651	/	158.945
	=	0.65

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.

RO Jewels Days Inventory Related Terms

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

RO Jewels (BOM:543171) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » RO Jewels Ltd (BOM:543171) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Ground Floor, Hallmark4 Complex, Hari bhakti ni Pole Opp. B.D. College, Shankdi Sheri, Manekchowk, Ahmedabad, GJ, IND, 380001

Website

http://rojewels.co.in

RO Jewels Ltd is engaged in the wholesale business of precious metals and jewelry. It sells gold based chains, bracelets, gold/silver bars, and necklaces. It purchases readymade chains and other jewelry from manufacturers or independent jewelry wholesalers located in Ahmedabad and Mumbai. These are then sold through its showroom situated at Manek Chowk, Ahmedabad, and by the company's marketing and sales team directly to other jewelry stores. Its jewelry is widely sold throughout Gujarat only through B2B marketing and/ or Direct/Outbound marketing strategy.

RO Jewels (BOM:543171) Headlines

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