Excel Industries (NSE:EXCELINDUS) Days Inventory : 57.83 (As of Dec. 2023)

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What is Excel Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Excel Industries's Average Total Inventories for the three months ended in Dec. 2023 was ₹668 Mil. Excel Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,054 Mil. Hence, Excel Industries's Days Inventory for the three months ended in Dec. 2023 was 57.83.

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

NSE:EXCELINDUS' s Days Inventory Range Over the Past 10 Years
Min: 64.73 Med: 77.91 Max: 101.72
Current: 77.2

During the past 13 years, Excel Industries's highest Days Inventory was 101.72. The lowest was 64.73. And the median was 77.91.

NSE:EXCELINDUS's Days Inventory is ranked better than
54.19% of 1493 companies
in the Chemicals industry
Industry Median: 82.92 vs NSE:EXCELINDUS: 77.20

Excel Industries's Days Inventory declined from Dec. 2022 (92.62) to Dec. 2023 (57.83).

Inventory Turnover measures how fast the company turns over its inventory within a year. Excel Industries's Inventory Turnover for the three months ended in Dec. 2023 was 1.58.

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. Excel Industries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.37.

Excel Industries Days Inventory Historical Data

The historical data trend for Excel Industries'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.

Excel Industries Days Inventory Chart

Excel Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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64.73

81.35

72.33

70.30

85.73

Excel Industries 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															92.62	85.24	89.65	48.70	57.83

Competitive Comparison of Excel Industries's Days Inventory

For the Specialty Chemicals subindustry, Excel Industries'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.

Excel Industries's Days Inventory Distribution in the Chemicals Industry

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

* The bar in red indicates where Excel Industries's Days Inventory falls into.

Excel Industries Days Inventory Calculation

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

Excel Industries'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
=	( (1652.258	+	1314.427)	/	2 )	/	6315.305	*	365
=	1483.3425					/	6315.305	*	365
=	85.73

Excel Industries'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
=	( (667.76	+	0)	/	1 )	/	1053.749	*	365 / 4
=	667.76					/	1053.749	*	365 / 4
=	57.83

Excel Industries (NSE:EXCELINDUS) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1053.749	/	667.76
	=	1.58

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	667.76	/	1802.764
	=	0.37

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.

Excel Industries Days Inventory Related Terms

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

Excel Industries (NSE:EXCELINDUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Excel Industries Ltd (NSE:EXCELINDUS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

500650:India

Address

184-87, Swami Vivekanand Road, Jogeshwari (West), Mumbai, MH, IND, 400 102

Website

https://www.excelind.co.in

Excel Industries Ltd is a chemical manufacturer based in India. The company is organized into two business segments namely; Chemicals segment which comprises of industrial and specialty chemicals, pesticides intermediates, polymer and pharma intermediates; and Environment and Biotech segment which comprises of soil enricher, biopesticides, and bioproducts. Apart from these segments company also focuses on waste management area where it converts solid waste into organic soil conditioner. The majority of its revenues come from the Indian market, while it also has a presence in the International market.

Excel Industries (NSE:EXCELINDUS) Headlines

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