PBM Polytex (BOM:514087) Days Inventory : 76.94 (As of Dec. 2023)

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What is PBM Polytex Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). PBM Polytex's Average Total Inventories for the three months ended in Dec. 2023 was ₹265 Mil. PBM Polytex's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹314 Mil. Hence, PBM Polytex's Days Inventory for the three months ended in Dec. 2023 was 76.94.

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

BOM:514087' s Days Inventory Range Over the Past 10 Years
Min: 81.77 Med: 146.32 Max: 198.35
Current: 81.77

During the past 13 years, PBM Polytex's highest Days Inventory was 198.35. The lowest was 81.77. And the median was 146.32.

BOM:514087's Days Inventory is ranked better than
71.79% of 1014 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 129.56 vs BOM:514087: 81.77

PBM Polytex's Days Inventory increased from Dec. 2022 (68.91) to Dec. 2023 (76.94). It might indicate that PBM Polytex's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. PBM Polytex's Inventory Turnover for the three months ended in Dec. 2023 was 1.19.

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. PBM Polytex's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.60.

PBM Polytex Days Inventory Historical Data

The historical data trend for PBM Polytex'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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PBM Polytex Days Inventory Chart

PBM Polytex Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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119.79

134.28

198.35

160.60

144.62

PBM Polytex 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															68.91	89.84	105.04	62.52	76.94

Competitive Comparison of PBM Polytex's Days Inventory

For the Textile Manufacturing subindustry, PBM Polytex'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.

PBM Polytex's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where PBM Polytex's Days Inventory falls into.

PBM Polytex Days Inventory Calculation

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

PBM Polytex'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
=	( (734.064	+	365.924)	/	2 )	/	1388.059	*	365
=	549.994					/	1388.059	*	365
=	144.62

PBM Polytex'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
=	( (265.144	+	0)	/	1 )	/	314.472	*	365 / 4
=	265.144					/	314.472	*	365 / 4
=	76.94

PBM Polytex (BOM:514087) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	314.472	/	265.144
	=	1.19

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	265.144	/	438.603
	=	0.60

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.

PBM Polytex Days Inventory Related Terms

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

PBM Polytex (BOM:514087) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PBM Polytex Ltd (BOM:514087) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Productivity Road, Alkapuri, 8th Floor, Ramakrishna Chambers, Vadodara, GJ, IND, 390 007

Website

https://www.pbmpolytex.com

PBM Polytex Ltd is a yarn manufacturing company. The company is engaged in the manufacturing and processing of cotton yarn and having two cotton spinning units one at Petlad (Gujarat) and another at Borgaon (Madhya Pradesh). It has also four Windmills generating electricity. The company offers raw cotton, such as Shankar 6, and imported varieties, such as Egyptian-Giza, Californian Acala SJV, USA Pima, Israel Pima, Peruvian PIMA, Sudan VS, Australian, Central American SJV, West African and Turkish. Its yarns are used in applications, such as knitting, weaving, gassing, and mercerizing.

PBM Polytex (BOM:514087) Headlines

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