Hindalco Industries (NSE:HINDALCO) Days Inventory : 103.25 (As of Dec. 2023)

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What is Hindalco Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hindalco Industries's Average Total Inventories for the three months ended in Dec. 2023 was ₹425,220 Mil. Hindalco Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹375,810 Mil. Hence, Hindalco Industries's Days Inventory for the three months ended in Dec. 2023 was 103.25.

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

NSE:HINDALCO' s Days Inventory Range Over the Past 10 Years
Min: 83.29 Med: 88.87 Max: 101.61
Current: 98.29

During the past 13 years, Hindalco Industries's highest Days Inventory was 101.61. The lowest was 83.29. And the median was 88.87.

NSE:HINDALCO's Days Inventory is ranked worse than
55.3% of 660 companies
in the Metals & Mining industry
Industry Median: 88.655 vs NSE:HINDALCO: 98.29

Hindalco Industries's Days Inventory increased from Dec. 2022 (102.88) to Dec. 2023 (103.25). It might indicate that Hindalco Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hindalco Industries's Inventory Turnover for the three months ended in Dec. 2023 was 0.88.

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. Hindalco Industries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.81.

Hindalco Industries Days Inventory Historical Data

The historical data trend for Hindalco 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.

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Hindalco Industries Days Inventory Chart

Hindalco Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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83.41

94.63

101.61

98.05

93.71

Hindalco 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															102.88	83.91	101.07	98.32	103.25

Competitive Comparison of Hindalco Industries's Days Inventory

For the Aluminum subindustry, Hindalco 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.

Hindalco Industries's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Hindalco Industries's Days Inventory distribution charts can be found below:

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

Hindalco Industries Days Inventory Calculation

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

Hindalco 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
=	( (444830	+	429580)	/	2 )	/	1702930	*	365
=	437205					/	1702930	*	365
=	93.71

Hindalco 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
=	( (425220	+	0)	/	1 )	/	375810	*	365 / 4
=	425220					/	375810	*	365 / 4
=	103.25

Hindalco Industries (NSE:HINDALCO) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	375810	/	425220
	=	0.88

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	425220	/	528080
	=	0.81

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.

Hindalco Industries Days Inventory Related Terms

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

Hindalco Industries (NSE:HINDALCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hindalco Industries Ltd (NSE:HINDALCO) » Definitions » Days Inventory

Traded in Other Exchanges

500440:India

Address

Pandurang Budhkar Road, Birla Centurion, 6th & 7th Floor, Worli, Mumbai, MH, IND, 400030

Website

https://www.hindalco.com

Hindalco Industries Ltd extracts raw materials and produces and sells industrial metals in the below segments: Copper, Aluminum Upstream and Aluminium Downstream, Novelis, and all other Segment. The Copper segment purchases raw materials and produces continuous cast copper rods, copper cathodes, sulphuric acid, gold, and silver. The firm hedges its copper and other precious metals costs through futures contracts in an attempt to match commodity price changes between the time it purchases the raw materials and sells the finished products. The Aluminum segment mines bauxite and produces hydrate and alumina, aluminum, and aluminum-based products. The majority of Hindalco's revenue comes from India. The firm is also expanding internationally with sales and operations worldwide.

Hindalco Industries (NSE:HINDALCO) Headlines

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