HMT (BOM:500191) Days Inventory : 431.27 (As of Dec. 2023)

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What is HMT Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). HMT's Average Total Inventories for the three months ended in Dec. 2023 was ₹981 Mil. HMT's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹208 Mil. Hence, HMT's Days Inventory for the three months ended in Dec. 2023 was 431.27.

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

BOM:500191' s Days Inventory Range Over the Past 10 Years
Min: 255.14 Med: 528.15 Max: 569.05
Current: 255.14

During the past 13 years, HMT's highest Days Inventory was 569.05. The lowest was 255.14. And the median was 528.15.

BOM:500191's Days Inventory is ranked worse than
86.76% of 204 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 131.845 vs BOM:500191: 255.14

HMT's Days Inventory declined from Dec. 2022 (596.39) to Dec. 2023 (431.27).

Inventory Turnover measures how fast the company turns over its inventory within a year. HMT's Inventory Turnover for the three months ended in Dec. 2023 was 0.21.

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. HMT's Inventory-to-Revenue for the three months ended in Dec. 2023 was 3.04.

HMT Days Inventory Historical Data

The historical data trend for HMT'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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HMT Days Inventory Chart

HMT Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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549.65

503.24

532.04

524.26

324.49

HMT 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															596.39	120.19	319.07	419.94	431.27

Competitive Comparison of HMT's Days Inventory

For the Farm & Heavy Construction Machinery subindustry, HMT'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.

HMT's Days Inventory Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, HMT's Days Inventory distribution charts can be found below:

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

HMT Days Inventory Calculation

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

HMT'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
=	( (1430.616	+	1178.037)	/	2 )	/	1467.148	*	365
=	1304.3265					/	1467.148	*	365
=	324.49

HMT'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
=	( (980.7	+	0)	/	1 )	/	207.5	*	365 / 4
=	980.7					/	207.5	*	365 / 4
=	431.27

HMT (BOM:500191) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	207.5	/	980.7
	=	0.21

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	980.7	/	322.6
	=	3.04

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.

HMT Days Inventory Related Terms

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

HMT (BOM:500191) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » HMT Ltd (BOM:500191) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

HMT:India

Address

No. 59, Bellary Road, HMT Bhavan, Bangalore, KA, IND, 560032

Website

https://www.hmtindia.com

HMT Ltd is an Indian company. It manufactures tractors, machine tools, and food processing machines. The company's products and service offerings include testing and inspection, projects and consultancy, tooling solutions, refurbishing services, and others. Its products consist of machine tools, watches, tractors, printing machinery, bearings, and food processing machine. Business operating segments include Food processing units, Machine tools, Projects and Others. The firm derives substantial revenue from Machine tools.

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