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Rex Pipes and Cables Industries (NSE:REXPIPES) Days Inventory : 68.77 (As of Sep. 2023)


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What is Rex Pipes and Cables Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Rex Pipes and Cables Industries's Average Total Inventories for the six months ended in Sep. 2023 was ₹178 Mil. Rex Pipes and Cables Industries's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹473 Mil. Hence, Rex Pipes and Cables Industries's Days Inventory for the six months ended in Sep. 2023 was 68.77.

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

NSE:REXPIPES' s Days Inventory Range Over the Past 10 Years
Min: 44.46   Med: 57.59   Max: 116.91
Current: 59.66

During the past 6 years, Rex Pipes and Cables Industries's highest Days Inventory was 116.91. The lowest was 44.46. And the median was 57.59.

NSE:REXPIPES's Days Inventory is ranked better than
68.57% of 1492 companies
in the Chemicals industry
Industry Median: 82.18 vs NSE:REXPIPES: 59.66

Rex Pipes and Cables Industries's Days Inventory increased from Sep. 2022 (67.39) to Sep. 2023 (68.77). It might indicate that Rex Pipes and Cables Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Rex Pipes and Cables Industries's Inventory Turnover for the six months ended in Sep. 2023 was 2.65.

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. Rex Pipes and Cables Industries's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.31.

Rex Pipes and Cables Industries Days Inventory Historical Data

The historical data trend for Rex Pipes and Cables 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.

Rex Pipes and Cables Industries Days Inventory Chart

Rex Pipes and Cables Industries Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial 60.24 116.91 78.15 54.94 46.67

Rex Pipes and Cables Industries Semi-Annual Data
Mar18 Mar19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Days Inventory Get a 7-Day Free Trial Premium Member Only 53.50 54.11 67.39 44.02 68.77

Competitive Comparison of Rex Pipes and Cables Industries's Days Inventory

For the Specialty Chemicals subindustry, Rex Pipes and Cables 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.

Rex Pipes and Cables Industries's Days Inventory Distribution in the Chemicals Industry

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

* The bar in red indicates where Rex Pipes and Cables Industries's Days Inventory falls into.


Rex Pipes and Cables Industries Days Inventory Calculation

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

Rex Pipes and Cables 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
=( (148.962 + 119.683) / 2 ) / 1050.499*365
=134.3225 / 1050.499*365
=46.67

Rex Pipes and Cables Industries'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
=( (119.683 + 236.73) / 2 ) / 472.89*365 / 2
=178.2065 / 472.89*365 / 2
=68.77

* 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.

Rex Pipes and Cables Industries  (NSE:REXPIPES) 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.

Rex Pipes and Cables Industries's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=472.89 / 178.2065
=2.65

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.

Rex Pipes and Cables Industries's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=178.2065 / 575.216
=0.31

* 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.

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.

Rex Pipes and Cables Industries Days Inventory Related Terms

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

Rex Pipes and Cables Industries (NSE:REXPIPES) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rex Pipes and Cables Industries Ltd (NSE:REXPIPES) » Definitions » Days Inventory
Comparable Companies
BOM:540550 BOM:533315 NSE:UCL BOM:534598 BOM:539939 BOM:543497 NSE:VSCL NSE:SIDDHIKA NSE:YCCL BOM:507813 LIN XPAR:AI APD SHW ECL XSWX:SIKA SHSE:600309 BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
N/A
Address
F-69A, RIICO Industrial Area, Sikar, RJ, IND, 332 001
Website
https://www.rpcil.com
Rex Pipes and Cables Industries Ltd is engaged in the trading and manufacturing of PVC pipes, HDPE pipes, cables, and fittings under the Rex brand name. It offers a wide range of products including three-core flat cables, PVC & HDPE pipes, single-core flexible home wire, HDPE and sprinklers, and cables that are used by different industries such as agriculture, power, construction, and engineering.

Rex Pipes and Cables Industries (NSE:REXPIPES) Headlines

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