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Standard Industries (NSE:SIL) Days Inventory : 75.82 (As of Dec. 2023)


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What is Standard Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Standard Industries's Average Total Inventories for the three months ended in Dec. 2023 was ₹26.8 Mil. Standard Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹32.2 Mil. Hence, Standard Industries's Days Inventory for the three months ended in Dec. 2023 was 75.82.

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

NSE:SIL' s Days Inventory Range Over the Past 10 Years
Min: 37.1   Med: 1257.95   Max: 4702.69
Current: 65.11

During the past 13 years, Standard Industries's highest Days Inventory was 4702.69. The lowest was 37.10. And the median was 1257.95.

NSE:SIL's Days Inventory is ranked better than
80% of 1015 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.36 vs NSE:SIL: 65.11

Standard Industries's Days Inventory increased from Sep. 2022 (53.94) to Dec. 2023 (75.82). It might indicate that Standard Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Standard Industries's Inventory Turnover for the three months ended in Dec. 2023 was 1.20.

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. Standard Industries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.51.


Standard Industries Days Inventory Historical Data

The historical data trend for Standard 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.

Standard Industries Days Inventory Chart

Standard Industries Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,883.23 1,896.45 4,702.69 91.30 37.10

Standard Industries Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 53.94 66.57 42.32 51.46 75.82

Competitive Comparison of Standard Industries's Days Inventory

For the Textile Manufacturing subindustry, Standard 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.


Standard Industries's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Standard Industries's Days Inventory distribution charts can be found below:

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



Standard Industries Days Inventory Calculation

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

Standard 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
=( (9.004 + 19.552) / 2 ) / 140.455*365
=14.278 / 140.455*365
=37.10

Standard 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
=( (26.766 + 0) / 1 ) / 32.213*365 / 4
=26.766 / 32.213*365 / 4
=75.82

* 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.


Standard Industries  (NSE:SIL) 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.

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

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.

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

* 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.


Standard Industries Days Inventory Related Terms

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


Standard Industries (NSE:SIL) Business Description

Traded in Other Exchanges
Address
57A, Dr. G. Deshmukh Marg, Vijyalaxmi Mafatlal Centre, Mumbai, MH, IND, 400 026
Standard Industries Ltd is an investment holding company. The company's operating segment includes Property and Trading. It generates maximum revenue from the Trading division segment. The company offers products such as Cotton towels, Bed sheets, Interlining Fabric, Cotton and blended dhoti, Cotton/PC blended and poly-viscose suiting, PC Poplins and shirtings, Rubia, Rubia in cotton as well as PC Blended and Punjabi suits.