Time Technoplast (NSE:TIMETECHNO) Days Inventory : 95.10 (As of Mar. 2024)

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What is Time Technoplast Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Time Technoplast's Average Total Inventories for the three months ended in Mar. 2024 was ₹10,503 Mil. Time Technoplast's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹10,078 Mil. Hence, Time Technoplast's Days Inventory for the three months ended in Mar. 2024 was 95.10.

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

NSE:TIMETECHNO' s Days Inventory Range Over the Past 10 Years
Min: 89.45 Med: 99.11 Max: 122.59
Current: 103.89

During the past 13 years, Time Technoplast's highest Days Inventory was 122.59. The lowest was 89.45. And the median was 99.11.

NSE:TIMETECHNO's Days Inventory is ranked worse than
66.94% of 366 companies
in the Packaging & Containers industry
Industry Median: 77.885 vs NSE:TIMETECHNO: 103.89

Time Technoplast's Days Inventory declined from Mar. 2023 (105.82) to Mar. 2024 (95.10).

Inventory Turnover measures how fast the company turns over its inventory within a year. Time Technoplast's Inventory Turnover for the three months ended in Mar. 2024 was 0.96.

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. Time Technoplast's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.75.

Time Technoplast Days Inventory Historical Data

The historical data trend for Time Technoplast'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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Time Technoplast Days Inventory Chart

Time Technoplast Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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101.57

122.59

110.67

111.97

103.75

Time Technoplast Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															105.82	116.55	108.83	98.61	95.10

Competitive Comparison of Time Technoplast's Days Inventory

For the Packaging & Containers subindustry, Time Technoplast'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.

Time Technoplast's Days Inventory Distribution in the Packaging & Containers Industry

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

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

Time Technoplast Days Inventory Calculation

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

Time Technoplast's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (9951.654	+	10503.2)	/	2 )	/	35982.4	*	365
=	10227.427					/	35982.4	*	365
=	103.75

Time Technoplast's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	10503.2)	/	1 )	/	10078	*	365 / 4
=	10503.2					/	10078	*	365 / 4
=	95.10

Time Technoplast (NSE:TIMETECHNO) 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.

Time Technoplast's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	10078	/	10503.2
	=	0.96

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.

Time Technoplast's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10503.2	/	13943.2
	=	0.75

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.

Time Technoplast Days Inventory Related Terms

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

Time Technoplast (NSE:TIMETECHNO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Time Technoplast Ltd (NSE:TIMETECHNO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

532856:India

Address

55, Corporate Avenue, Saki Vihar Road, 2nd Floor, Andheri (East), Mumbai, MH, IND, 400072

Website

https://www.timetechnoplast.com

Time Technoplast Ltd is a packaging solutions provider. It offers industrial packaging products, infrastructure products, technical products, material handling products, and composite cylinders. Its services are divided into two groups; Polymer and Composite products. The Polymer segment is the company's core segment and generates maximum revenues. The Composite products segment provides products such as pressure pipes, prefabricated shelters, and energy storage devices. Apart from India. It has operational footprints in UAE, Bahrain, Egypt, Thailand, Vietnam, Malaysia, Indonesia, the United States, and Taiwan.

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