Dredging of India (NSE:DREDGECORP) Days Inventory : 156.51 (As of Dec. 2023)

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What is Dredging of India Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Dredging of India's Average Total Inventories for the three months ended in Dec. 2023 was ₹1,292 Mil. Dredging of India's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹754 Mil. Hence, Dredging of India's Days Inventory for the three months ended in Dec. 2023 was 156.51.

The historical rank and industry rank for Dredging of India's Days Inventory or its related term are showing as below:

NSE:DREDGECORP' s Days Inventory Range Over the Past 10 Years
Min: 98.78 Med: 323.84 Max: 11249.81
Current: 486

During the past 13 years, Dredging of India's highest Days Inventory was 11249.81. The lowest was 98.78. And the median was 323.84.

NSE:DREDGECORP's Days Inventory is ranked worse than
95.49% of 1396 companies
in the Construction industry
Industry Median: 49.04 vs NSE:DREDGECORP: 486.00

Dredging of India's Days Inventory increased from Dec. 2022 (102.86) to Dec. 2023 (156.51). It might indicate that Dredging of India'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. Dredging of India's Inventory Turnover for the three months ended in Dec. 2023 was 0.58.

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. Dredging of India's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.49.

Dredging of India Days Inventory Historical Data

The historical data trend for Dredging of India'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.

Dredging of India Days Inventory Chart

Dredging of India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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7,562.06

11,249.81

323.84

293.00

Dredging of India 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															102.86	-	497.85	1,596.11	156.51

Competitive Comparison of Dredging of India's Days Inventory

For the Engineering & Construction subindustry, Dredging of India'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.

Dredging of India's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Dredging of India's Days Inventory distribution charts can be found below:

* The bar in red indicates where Dredging of India's Days Inventory falls into.

Dredging of India Days Inventory Calculation

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

Dredging of India'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
=	( (1597.504	+	1356.267)	/	2 )	/	0	*	365
=	1476.8855					/	0	*	365
=	N/A

Dredging of India'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
=	( (1292.388	+	0)	/	1 )	/	753.512	*	365 / 4
=	1292.388					/	753.512	*	365 / 4
=	156.51

Dredging of India (NSE:DREDGECORP) 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.

Dredging of India's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	753.512	/	1292.388
	=	0.58

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.

Dredging of India's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1292.388	/	2654.176
	=	0.49

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.

Dredging of India Days Inventory Related Terms

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Dredging of India (NSE:DREDGECORP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Dredging Corp of India Ltd (NSE:DREDGECORP) » Definitions » Days Inventory

Traded in Other Exchanges

523618:India

Address

HB Colony Main Road, Dredge House, Seethammadhara, Visakhapatnam, AP, IND, 530022

Website

https://www.dredge-india.com

Dredging Corp of India Ltd is an Indian-based company engaged in providing the services of Capital Dredging, Maintenance Dredging, Beach Nourishment, Land Reclamation, Shallow water Dredging, Project Management Consultancy, and Marine Construction. It provides dredging services to ports, the Indian Navy, fishing harbors, and other maritime organizations. It operates in a single segment of dredging services and generates its income from such services.

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