SP Refractories (NSE:SPRL) Days Inventory : 52.74 (As of Sep. 2023)

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What is SP Refractories Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SP Refractories's Average Total Inventories for the six months ended in Sep. 2023 was ₹29.0 Mil. SP Refractories's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹100.3 Mil. Hence, SP Refractories's Days Inventory for the six months ended in Sep. 2023 was 52.74.

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

NSE:SPRL' s Days Inventory Range Over the Past 10 Years
Min: 23.63 Med: 29.56 Max: 55.89
Current: 55.89

During the past 5 years, SP Refractories's highest Days Inventory was 55.89. The lowest was 23.63. And the median was 29.56.

NSE:SPRL's Days Inventory is ranked better than
69.84% of 368 companies
in the Building Materials industry
Industry Median: 83.675 vs NSE:SPRL: 55.89

SP Refractories's Days Inventory increased from Sep. 2022 (47.25) to Sep. 2023 (52.74). It might indicate that SP Refractories's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. SP Refractories's Inventory Turnover for the six months ended in Sep. 2023 was 3.46.

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. SP Refractories's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.21.

SP Refractories Days Inventory Historical Data

The historical data trend for SP Refractories'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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SP Refractories Days Inventory Chart

SP Refractories Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

32.25

29.56

23.63

26.31

41.89

SP Refractories Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial			29.37	27.96	47.25	57.01	52.74

Competitive Comparison of SP Refractories's Days Inventory

For the Building Materials subindustry, SP Refractories'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.

SP Refractories's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, SP Refractories's Days Inventory distribution charts can be found below:

* The bar in red indicates where SP Refractories's Days Inventory falls into.

SP Refractories Days Inventory Calculation

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

SP Refractories'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
=	( (22.996	+	30.382)	/	2 )	/	232.552	*	365
=	26.689					/	232.552	*	365
=	41.89

SP Refractories'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
=	( (30.382	+	27.589)	/	2 )	/	100.308	*	365 / 2
=	28.9855					/	100.308	*	365 / 2
=	52.74

SP Refractories (NSE:SPRL) 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.

SP Refractories's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	100.308	/	28.9855
	=	3.46

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.

SP Refractories's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	28.9855	/	139.352
	=	0.21

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.

SP Refractories Days Inventory Related Terms

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

SP Refractories (NSE:SPRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » SP Refractories Ltd (NSE:SPRL) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Hingna Road, M-10, M-11/1 & M-11/2, MIDC Industrial Area, Nagpur, MH, IND, 440016

Website

https://www.sprefractories.com

SP Refractories Ltd is engaged in manufacturing and supplying refractory material made using hydrated lime, calcined alumina, and other raw materials. The Company is involved in single segment of manufacturing and supplying of high quality refractory material. Its core focus is on refractory cement which is a niche and high-margin cement widely used in iron and steel and construction industries because of its thermal conductivity, maximum strength, and heat resistance.

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