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Ganesha Ecosphere (BOM:514167) Days Inventory : 155.72 (As of Dec. 2023)


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What is Ganesha Ecosphere Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ganesha Ecosphere's Average Total Inventories for the three months ended in Dec. 2023 was ₹2,929 Mil. Ganesha Ecosphere's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,716 Mil. Hence, Ganesha Ecosphere's Days Inventory for the three months ended in Dec. 2023 was 155.72.

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

BOM:514167' s Days Inventory Range Over the Past 10 Years
Min: 45.49   Med: 65.36   Max: 178.97
Current: 178.97

During the past 13 years, Ganesha Ecosphere's highest Days Inventory was 178.97. The lowest was 45.49. And the median was 65.36.

BOM:514167's Days Inventory is ranked worse than
66.21% of 1012 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.685 vs BOM:514167: 178.97

Ganesha Ecosphere's Days Inventory increased from Sep. 2022 (101.18) to Dec. 2023 (155.72). It might indicate that Ganesha Ecosphere'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. Ganesha Ecosphere's Inventory Turnover for the three months ended in Dec. 2023 was 0.59.

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. Ganesha Ecosphere's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.03.


Ganesha Ecosphere Days Inventory Historical Data

The historical data trend for Ganesha Ecosphere'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.

* Premium members only.

Ganesha Ecosphere Days Inventory Chart

Ganesha Ecosphere Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 60.85 74.88 101.14 102.46 111.73

Ganesha Ecosphere Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 101.18 120.79 131.13 145.25 155.72

Competitive Comparison of Ganesha Ecosphere's Days Inventory

For the Textile Manufacturing subindustry, Ganesha Ecosphere'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.


Ganesha Ecosphere's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Ganesha Ecosphere's Days Inventory falls into.



Ganesha Ecosphere Days Inventory Calculation

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

Ganesha Ecosphere'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
=( (1964.67 + 2802.309) / 2 ) / 7786.651*365
=2383.4895 / 7786.651*365
=111.73

Ganesha Ecosphere'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
=( (2928.525 + 0) / 1 ) / 1716.089*365 / 4
=2928.525 / 1716.089*365 / 4
=155.72

* 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.


Ganesha Ecosphere  (BOM:514167) 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.

Ganesha Ecosphere'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.

Ganesha Ecosphere'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.


Ganesha Ecosphere Days Inventory Related Terms

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


Ganesha Ecosphere (BOM:514167) Business Description

Traded in Other Exchanges
Address
113/216-B, Swaroop Nagar, First Floor, Kanpur, UP, IND, 208002
Ganesha Ecosphere Ltd deals in the manufacture and sale of polyester staple fiber and spun yarn. The company is involved in the manufacture of recycled polyester staple fiber (RPSF) and recycled polyester spun yarn (RPSY) from pre-and post-consumer polyethylene terephthalate (PET) bottle scrap. Firm' products have application in the manufacture of textiles (T-shirts, body warmers), functional textiles (non-woven air filter fabric, geotextiles, carpets, car upholstery) and fillings (for pillows, duvets, toys). Majority of the company's revenue is derived in India.

Ganesha Ecosphere (BOM:514167) Headlines

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