Technopack Polymers (BOM:543656) Days Inventory : 326.23 (As of Sep. 2023)

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What is Technopack Polymers Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Technopack Polymers's Average Total Inventories for the six months ended in Sep. 2023 was ₹86.5 Mil. Technopack Polymers's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹48.4 Mil. Hence, Technopack Polymers's Days Inventory for the six months ended in Sep. 2023 was 326.23.

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

BOM:543656' s Days Inventory Range Over the Past 10 Years
Min: 92.81 Med: 171.58 Max: 428.07
Current: 428.07

During the past 4 years, Technopack Polymers's highest Days Inventory was 428.07. The lowest was 92.81. And the median was 171.58.

BOM:543656's Days Inventory is ranked worse than
95.9% of 366 companies
in the Packaging & Containers industry
Industry Median: 77.885 vs BOM:543656: 428.07

Technopack Polymers's Days Inventory increased from Sep. 2022 (214.63) to Sep. 2023 (326.23). It might indicate that Technopack Polymers's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Technopack Polymers's Inventory Turnover for the six months ended in Sep. 2023 was 0.56.

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. Technopack Polymers's Inventory-to-Revenue for the six months ended in Sep. 2023 was 1.20.

Technopack Polymers Days Inventory Historical Data

The historical data trend for Technopack Polymers'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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Technopack Polymers Days Inventory Chart

Technopack Polymers Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Inventory

160.93

92.81

182.22

365.62

Technopack Polymers Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial			-	-	214.63	579.31	326.23

Competitive Comparison of Technopack Polymers's Days Inventory

For the Packaging & Containers subindustry, Technopack Polymers'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.

Technopack Polymers's Days Inventory Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Technopack Polymers's Days Inventory distribution charts can be found below:

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

Technopack Polymers Days Inventory Calculation

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

Technopack Polymers'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
=	( (42.238	+	80.557)	/	2 )	/	61.293	*	365
=	61.3975					/	61.293	*	365
=	365.62

Technopack Polymers's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (80.557	+	92.53)	/	2 )	/	48.414	*	365 / 2
=	86.5435					/	48.414	*	365 / 2
=	326.23

Technopack Polymers (BOM:543656) 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.

Technopack Polymers's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	48.414	/	86.5435
	=	0.56

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.

Technopack Polymers's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	86.5435	/	71.946
	=	1.20

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.

Technopack Polymers Days Inventory Related Terms

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

Technopack Polymers (BOM:543656) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Technopack Polymers Ltd (BOM:543656) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rafaleshvar Industrial Estate, Near Rafaleshvar Railway Track, Morbi, Jambudiya District, Rajkot, GJ, IND, 363642

Website

https://www.technopackltd.com

Technopack Polymers Ltd is a manufacturer and supplier of flexible plastic and paper products for FMCG packaging. The Company's main business activity is manufacturing CCM Caps and closures and Pet Preforms.

Technopack Polymers (BOM:543656) Headlines

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