Paramount Textile (DHA:PTL) Days Inventory : 213.28 (As of Jun. 2023)

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What is Paramount Textile Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Paramount Textile's Average Total Inventories for the three months ended in Jun. 2023 was BDT4,414 Mil. Paramount Textile's Cost of Goods Sold for the three months ended in Jun. 2023 was BDT1,888 Mil. Hence, Paramount Textile's Days Inventory for the three months ended in Jun. 2023 was 213.28.

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

DHA:PTL' s Days Inventory Range Over the Past 10 Years
Min: 161.77 Med: 189.63 Max: 259.8
Current: 221.32

During the past 10 years, Paramount Textile's highest Days Inventory was 259.80. The lowest was 161.77. And the median was 189.63.

DHA:PTL's Days Inventory is ranked worse than
76.88% of 1012 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.41 vs DHA:PTL: 221.32

Paramount Textile's Days Inventory declined from Jun. 2022 (240.35) to Jun. 2023 (213.28).

Inventory Turnover measures how fast the company turns over its inventory within a year. Paramount Textile's Inventory Turnover for the three months ended in Jun. 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. Paramount Textile's Inventory-to-Revenue for the three months ended in Jun. 2023 was 1.85.

Paramount Textile Days Inventory Historical Data

The historical data trend for Paramount Textile'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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Paramount Textile Days Inventory Chart

Paramount Textile Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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178.81

221.87

256.19

259.80

221.76

Paramount Textile Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Inventory	Get a 7-Day Free Trial															240.35	263.69	194.14	223.01	213.28

Competitive Comparison of Paramount Textile's Days Inventory

For the Textile Manufacturing subindustry, Paramount Textile'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.

Paramount Textile's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Paramount Textile Days Inventory Calculation

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

Paramount Textile's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (4741.815	+	4452.889)	/	2 )	/	7566.843	*	365
=	4597.352					/	7566.843	*	365
=	221.76

Paramount Textile's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (4375.098	+	4452.889)	/	2 )	/	1888.493	*	365 / 4
=	4413.9935					/	1888.493	*	365 / 4
=	213.28

Paramount Textile (DHA:PTL) 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.

Paramount Textile's Inventory Turnover for the three months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1888.493	/	4413.9935
	=	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.

Paramount Textile's Inventory to Revenue for the three months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4413.9935	/	2383.156
	=	1.85

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.

Paramount Textile Days Inventory Related Terms

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

Paramount Textile (DHA:PTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Paramount Textile PLC (DHA:PTL) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Road No. 113/A, House No.22, (Level 2, 5-7), Gulshan 2, Dhaka, BGD, 1212

Website

https://www.paramounttextilebd.com

Paramount Textile PLC Formerly Paramount Textile Ltd is engaged in manufacturing woven fabric. The firm produces and markets yarn, solid dyed, woven fabrics, and printed fabrics in diverse shades, quality, construction, recipes, colours among others across countries. Besides, the company also produces Knit yarn dyeing, Sweater yarn dyeing, and printing fabrics as well. Majority of the revenue is generated from Yarn dyed fabrics.

Paramount Textile (DHA:PTL) Headlines

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