Greenlam Industries (BOM:538979) Days Inventory : 196.34 (As of Dec. 2023)

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What is Greenlam Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Greenlam Industries's Average Total Inventories for the three months ended in Dec. 2023 was ₹5,482 Mil. Greenlam Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹2,548 Mil. Hence, Greenlam Industries's Days Inventory for the three months ended in Dec. 2023 was 196.34.

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

BOM:538979' s Days Inventory Range Over the Past 10 Years
Min: 147.74 Med: 162.36 Max: 235.34
Current: 235.34

During the past 10 years, Greenlam Industries's highest Days Inventory was 235.34. The lowest was 147.74. And the median was 162.36.

BOM:538979's Days Inventory is ranked worse than
90.15% of 406 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 105.195 vs BOM:538979: 235.34

Greenlam Industries's Days Inventory increased from Sep. 2022 (167.45) to Dec. 2023 (196.34). It might indicate that Greenlam Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Greenlam Industries's Inventory Turnover for the three months ended in Dec. 2023 was 0.46.

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. Greenlam Industries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.97.

Greenlam Industries Days Inventory Historical Data

The historical data trend for Greenlam 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.

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Greenlam Industries Days Inventory Chart

Greenlam Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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149.61

184.73

227.26

170.37

171.95

Greenlam 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															167.45	184.82	171.49	165.16	196.34

Competitive Comparison of Greenlam Industries's Days Inventory

For the Furnishings, Fixtures & Appliances subindustry, Greenlam 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.

Greenlam Industries's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Greenlam Industries's Days Inventory distribution charts can be found below:

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

Greenlam Industries Days Inventory Calculation

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

Greenlam 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
=	( (5034.309	+	5134.905)	/	2 )	/	10792.95	*	365
=	5084.607					/	10792.95	*	365
=	171.95

Greenlam 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
=	( (5482.359	+	0)	/	1 )	/	2547.987	*	365 / 4
=	5482.359					/	2547.987	*	365 / 4
=	196.34

Greenlam Industries (BOM:538979) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2547.987	/	5482.359
	=	0.46

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5482.359	/	5633.729
	=	0.97

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.

Greenlam Industries Days Inventory Related Terms

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

Greenlam Industries (BOM:538979) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Greenlam Industries Ltd (BOM:538979) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GREENLAM:India

Address

Worldmark 1, Aerocity, 203, 2nd Floor. West Wing, IGI Airport Hospitality District, New Delhi, IND, 110 037

Website

https://www.greenlamindustries.com

Greenlam Industries Ltd manufactures laminate flooring. The company manufactures and sells laminates, decorative veneers, and their allied products which are used for homes, kitchens, offices and other premises. Its business activity includes work of Laminates, compact laminates, decorative veneers, engineered wood flooring, engineered door sets and door leaf and other allied products through its wholesale and retail network. The firm offers its products under the Greenlam, New Mika, Decowood, Mikasa Floors, and Mikasa Doors and Frames brand names. The operating segments of the company are Laminate and allied products and Veneer and allied products. Geographically, the group has a business presence in India and Outside India, of which a majority of its revenue is derived within India.

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