Rhetan TMT (BOM:543590) Days Inventory : 229.57 (As of Sep. 2023)

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What is Rhetan TMT Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Rhetan TMT's Average Total Inventories for the six months ended in Sep. 2023 was ₹330.2 Mil. Rhetan TMT's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹262.5 Mil. Hence, Rhetan TMT's Days Inventory for the six months ended in Sep. 2023 was 229.57.

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

BOM:543590' s Days Inventory Range Over the Past 10 Years
Min: 74.95 Med: 120.7 Max: 166.26
Current: 158.63

During the past 4 years, Rhetan TMT's highest Days Inventory was 166.26. The lowest was 74.95. And the median was 120.70.

BOM:543590's Days Inventory is ranked worse than
84.17% of 575 companies
in the Steel industry
Industry Median: 86.14 vs BOM:543590: 158.63

Rhetan TMT's Days Inventory increased from Sep. 2022 (164.54) to Sep. 2023 (229.57). It might indicate that Rhetan TMT's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Rhetan TMT's Inventory Turnover for the six months ended in Sep. 2023 was 0.79.

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. Rhetan TMT's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.95.

Rhetan TMT Days Inventory Historical Data

The historical data trend for Rhetan TMT'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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Rhetan TMT Days Inventory Chart

Rhetan TMT Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Inventory

166.26

74.95

106.97

134.42

Rhetan TMT Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial			76.07	132.78	164.54	119.08	229.57

Competitive Comparison of Rhetan TMT's Days Inventory

For the Steel subindustry, Rhetan TMT'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.

Rhetan TMT's Days Inventory Distribution in the Steel Industry

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

* The bar in red indicates where Rhetan TMT's Days Inventory falls into.

Rhetan TMT Days Inventory Calculation

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

Rhetan TMT'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
=	( (241.95	+	318.674)	/	2 )	/	761.155	*	365
=	280.312					/	761.155	*	365
=	134.42

Rhetan TMT's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (318.674	+	341.65)	/	2 )	/	262.466	*	365 / 2
=	330.162					/	262.466	*	365 / 2
=	229.57

Rhetan TMT (BOM:543590) 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.

Rhetan TMT's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	262.466	/	330.162
	=	0.79

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.

Rhetan TMT's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	330.162	/	347.609
	=	0.95

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.

Rhetan TMT Days Inventory Related Terms

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Rhetan TMT (BOM:543590) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Rhetan TMT Ltd (BOM:543590) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Rasala Marg, Mithakhali Six Roads, 7th Floor, Ashoka Chambers, Ahmedabad, GJ, IND, 380006

Website

http://www.rhetan.com

Rhetan TMT Ltd manufactures TMT Bars and Round Bars which are used in the construction industry. The products are used in the construction of dams, bridges, residential and commercial towers, and the majority of infrastructure projects in Gujarat.

Rhetan TMT (BOM:543590) Headlines

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