Swastik Pipe (NSE:SWASTIK) Days Inventory : 43.12 (As of Mar. 2023)

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What is Swastik Pipe Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Swastik Pipe's Average Total Inventories for the six months ended in Mar. 2023 was ₹742 Mil. Swastik Pipe's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹6,280 Mil. Hence, Swastik Pipe's Days Inventory for the six months ended in Mar. 2023 was 21.56.

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

NSE:SWASTIK' s Days Inventory Range Over the Past 10 Years
Min: 43.12 Med: 51.74 Max: 64.31
Current: 43.12

During the past 4 years, Swastik Pipe's highest Days Inventory was 64.31. The lowest was 43.12. And the median was 51.74.

NSE:SWASTIK's Days Inventory is ranked better than
80.84% of 569 companies
in the Steel industry
Industry Median: 88.18 vs NSE:SWASTIK: 43.12

Swastik Pipe's Days Inventory declined from Mar. 2021 (64.31) to Mar. 2023 (43.12).

Inventory Turnover measures how fast the company turns over its inventory within a year. Swastik Pipe's Inventory Turnover for the six months ended in Mar. 2023 was 8.46.

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. Swastik Pipe's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.11.

Swastik Pipe Days Inventory Historical Data

The historical data trend for Swastik Pipe'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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Swastik Pipe Days Inventory Chart

Swastik Pipe Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Inventory

56.66

64.31

46.81

43.12

Swastik Pipe Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Days Inventory	56.66	64.31	46.81	43.12

Competitive Comparison of Swastik Pipe's Days Inventory

For the Steel subindustry, Swastik Pipe'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.

Swastik Pipe's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Swastik Pipe's Days Inventory distribution charts can be found below:

* The bar in red indicates where Swastik Pipe's Days Inventory falls into.

Swastik Pipe Days Inventory Calculation

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

Swastik Pipe'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
=	( (694.333	+	789.647)	/	2 )	/	6280.302	*	365
=	741.99					/	6280.302	*	365
=	43.12

Swastik Pipe's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (694.333	+	789.647)	/	2 )	/	6280.302	*	365 / 2
=	741.99					/	6280.302	*	365 / 2
=	21.56

Swastik Pipe (NSE:SWASTIK) 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.

Swastik Pipe's Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6280.302	/	741.99
	=	8.46

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.

Swastik Pipe's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	741.99	/	7035.883
	=	0.11

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.

Swastik Pipe Days Inventory Related Terms

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

Swastik Pipe (NSE:SWASTIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Swastik Pipe Ltd (NSE:SWASTIK) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2, Arihant Nagar, Punjabi Bagh (West), New Delhi, IND, 110026

Website

https://www.swastikpipes.com

Swastik Pipe Ltd is the manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, API Pipe, Stainless Steel Tubes, Cold Rolled Steel (CR) Strips/ Coils, Swaged Type Tubular Poles, and Solar Structure.

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