Days Inventory is also known as Days Sales of Inventory (DSI). Kitex Garments's Average Total Inventories for the
three
months ended in Dec. 2023 was ₹1,319 Mil. Kitex Garments's Cost of Goods Sold for the
three
months ended in Dec. 2023 was ₹643 Mil.
Hence, Kitex Garments's Days Inventory for the
three
months ended in Dec. 2023 was 187.27.
The historical rank and industry rank for Kitex Garments's Days Inventory or its related term are showing as below:
NSE:KITEX'
s Days Inventory Range Over the Past 10 Years
Min: 19.16 Med: 121.73 Max: 242.36
Current: 168.32
During the past 13 years, Kitex Garments's highest Days Inventory was 242.36. The lowest was 19.16. And the median was 121.73.
NSE:KITEX's Days Inventory is ranked worse than 63.37% of 1010
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.41
vs NSE:KITEX: 168.32
Kitex Garments's Days Inventory
declined
from Dec. 2022 (266.61) to Dec. 2023 (187.27).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Kitex Garments's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.49.
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.
Kitex Garments's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.80.
Kitex Garments Days Inventory Historical Data
The historical data trend for Kitex Garments'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.
Competitive Comparison of Kitex Garments's Days Inventory
For the Apparel Manufacturing subindustry, Kitex Garments'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.
Kitex Garments's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kitex Garments's Days Inventory distribution charts can be found below:
* The bar in red indicates where Kitex Garments's Days Inventory falls into.
Kitex Garments Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Kitex Garments's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
Kitex Garments (NSE:KITEX) 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.
Kitex Garments's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Kitex Garments's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
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.
Kitex Garments Days Inventory Related Terms
Thank you for viewing the detailed overview of Kitex Garments's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Kitex Garments Ltd manufactures cotton garments and fabrics. Garments account for the company's revenue and focus on infant wear such as body suits, sleepwear, rompers, burps, bibs, and training pants. Kitex manufactures the products for companies such as Carters, Gerber, Mothercare, Jockey, Children's Place, Kohl's, and Toys R. The company also owns the Little Star brand and licenses the Lamaze brand for distribution in the United States and Canada. Kitex exports almost all the garments it produces, which it manufactures in India, to the United States and Europe.
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