Garware Synthetics (BOM:514400) Days Inventory : 75.50 (As of Dec. 2023)

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What is Garware Synthetics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Garware Synthetics's Average Total Inventories for the three months ended in Dec. 2023 was ₹11.5 Mil. Garware Synthetics's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹13.9 Mil. Hence, Garware Synthetics's Days Inventory for the three months ended in Dec. 2023 was 75.50.

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

BOM:514400' s Days Inventory Range Over the Past 10 Years
Min: 52.2 Med: 70.77 Max: 100.23
Current: 63.29

During the past 13 years, Garware Synthetics's highest Days Inventory was 100.23. The lowest was 52.20. And the median was 70.77.

BOM:514400's Days Inventory is ranked better than
81.15% of 1013 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.24 vs BOM:514400: 63.29

Garware Synthetics's Days Inventory increased from Dec. 2022 (58.13) to Dec. 2023 (75.50). It might indicate that Garware Synthetics's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Garware Synthetics's Inventory Turnover for the three months ended in Dec. 2023 was 1.21.

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. Garware Synthetics's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.42.

Garware Synthetics Days Inventory Historical Data

The historical data trend for Garware Synthetics'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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Garware Synthetics Days Inventory Chart

Garware Synthetics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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70.17

84.32

100.23

52.20

52.61

Garware Synthetics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															58.13	49.94	52.52	83.78	75.50

Competitive Comparison of Garware Synthetics's Days Inventory

For the Textile Manufacturing subindustry, Garware Synthetics'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.

Garware Synthetics's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Garware Synthetics's Days Inventory falls into.

Garware Synthetics Days Inventory Calculation

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

Garware Synthetics'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
=	( (10.346	+	8.89)	/	2 )	/	66.723	*	365
=	9.618					/	66.723	*	365
=	52.61

Garware Synthetics'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
=	( (11.531	+	0)	/	1 )	/	13.937	*	365 / 4
=	11.531					/	13.937	*	365 / 4
=	75.50

Garware Synthetics (BOM:514400) 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.

Garware Synthetics's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13.937	/	11.531
	=	1.21

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.

Garware Synthetics's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	11.531	/	27.218
	=	0.42

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.

Garware Synthetics Days Inventory Related Terms

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Garware Synthetics (BOM:514400) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Garware Synthetics Ltd (BOM:514400) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

C/o. Manish Textiles Industries Premises, Penkar Pada, Mira Road (East), Opposite Golden Chemical, Thane, IND, 401104

Website

https://www.garwaresyn.com

Garware Synthetics Ltd is a company engaged in the business of manufacturing Garflon Nylon Monofilaments, Rods, Bristles, Fishing line, Bushes and Machinery parts, and Polypropylene bristles. The company manufactures its products under the GARFLON brand name. The group's products are used for the products such as toothbrushes, shaving brushes, paintbrushes, and industrial and household brushes. The firm principally operates in India and generates key revenue from the sale of Garflon Nylon Bristles.

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