SKF India (NSE:SKFINDIA) Days Inventory : 96.67 (As of Dec. 2023)

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What is SKF India Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SKF India's Average Total Inventories for the three months ended in Dec. 2023 was ₹6,983 Mil. SKF India's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹6,592 Mil. Hence, SKF India's Days Inventory for the three months ended in Dec. 2023 was 96.67.

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

NSE:SKFINDIA' s Days Inventory Range Over the Past 10 Years
Min: 59.52 Med: 84.46 Max: 99.94
Current: 84.34

During the past 13 years, SKF India's highest Days Inventory was 99.94. The lowest was 59.52. And the median was 84.46.

NSE:SKFINDIA's Days Inventory is ranked better than
70.7% of 2904 companies
in the Industrial Products industry
Industry Median: 120.69 vs NSE:SKFINDIA: 84.34

SKF India's Days Inventory declined from Dec. 2022 (97.79) to Dec. 2023 (96.67).

Inventory Turnover measures how fast the company turns over its inventory within a year. SKF India's Inventory Turnover for the three months ended in Dec. 2023 was 0.94.

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. SKF India's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.64.

SKF India Days Inventory Historical Data

The historical data trend for SKF 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.

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SKF India Days Inventory Chart

SKF India Annual Data

Trend

Dec13

Dec14

Dec15

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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82.57

87.52

99.94

86.41

89.71

SKF 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															97.79	71.31	90.47	85.77	96.67

Competitive Comparison of SKF India's Days Inventory

For the Tools & Accessories subindustry, SKF 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.

SKF India's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, SKF India's Days Inventory distribution charts can be found below:

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

SKF India Days Inventory Calculation

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

SKF 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
=	( (6768.2	+	6860.3)	/	2 )	/	27723.6	*	365
=	6814.25					/	27723.6	*	365
=	89.71

SKF 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
=	( (6982.9	+	0)	/	1 )	/	6591.7	*	365 / 4
=	6982.9					/	6591.7	*	365 / 4
=	96.67

SKF India (NSE:SKFINDIA) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6591.7	/	6982.9
	=	0.94

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6982.9	/	10923.1
	=	0.64

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.

SKF India Days Inventory Related Terms

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

SKF India (NSE:SKFINDIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SKF India Ltd (NSE:SKFINDIA) » Definitions » Days Inventory

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Traded in Other Exchanges

500472:India

Address

Chinchwad, Pune, MH, IND, 411 033

Website

https://www.skf.com

SKF India Ltd is an India-based company that manufactures and distributes bearing products and other related products. The company's product portfolio comprises bearings, units, housings, seals, lubrication solutions, linear motion products, actuation systems, by-wire, maintenance products, power transmission products, coupling systems, test and measuring equipment, and others. The company's products and technologies are used by original equipment makers and aftermarket customers across the world. SKF India generates most of its revenue from the Indian domestic market.

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