Acknit Industries (BOM:530043) Days Inventory : 211.36 (As of Dec. 2023)

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What is Acknit Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Acknit Industries's Average Total Inventories for the three months ended in Dec. 2023 was ₹598 Mil. Acknit Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹258 Mil. Hence, Acknit Industries's Days Inventory for the three months ended in Dec. 2023 was 211.36.

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

BOM:530043' s Days Inventory Range Over the Past 10 Years
Min: 109.91 Med: 145.2 Max: 177.37
Current: 172.53

During the past 13 years, Acknit Industries's highest Days Inventory was 177.37. The lowest was 109.91. And the median was 145.20.

BOM:530043's Days Inventory is ranked worse than
64.04% of 1015 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.36 vs BOM:530043: 172.53

Acknit Industries's Days Inventory increased from Dec. 2022 (186.11) to Dec. 2023 (211.36). It might indicate that Acknit Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Acknit Industries's Inventory Turnover for the three months ended in Dec. 2023 was 0.43.

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. Acknit Industries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.29.

Acknit Industries Days Inventory Historical Data

The historical data trend for Acknit 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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Acknit Industries Days Inventory Chart

Acknit Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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144.93

177.37

162.37

159.55

147.76

Acknit Industries 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															186.11	152.12	169.21	157.77	211.36

Competitive Comparison of Acknit Industries's Days Inventory

For the Footwear & Accessories subindustry, Acknit 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.

Acknit Industries's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Acknit Industries Days Inventory Calculation

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

Acknit 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
=	( (653.172	+	568.015)	/	2 )	/	1508.267	*	365
=	610.5935					/	1508.267	*	365
=	147.76

Acknit 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
=	( (597.769	+	0)	/	1 )	/	258.079	*	365 / 4
=	597.769					/	258.079	*	365 / 4
=	211.36

Acknit Industries (BOM:530043) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	258.079	/	597.769
	=	0.43

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	597.769	/	463.335
	=	1.29

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.

Acknit Industries Days Inventory Related Terms

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

Acknit Industries (BOM:530043) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Acknit Industries Ltd (BOM:530043) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ecostation, Block - BP, Plot No.7, Sector- V, 5th Floor, Suit No. 504, Salt Lake City, Kolkata, WB, IND, 700091

Website

https://www.acknitindia.com

Acknit Industries Ltd manufactures all types of garments, gloves, and other apparel products. The company operates through four segments namely Hand gloves, Garments, Other & traded items, and Power generation segment. Most of the firm's revenue gets derived from the Hand Gloves segment which consists of cut and sewn dipped gloves, seamless dipped gloves, Canadian/ welder/ driver gloves, Cut resistant gloves, heat resistant gloves, and kelvlar leather gloves.

Acknit Industries (BOM:530043) Headlines

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