Titan Biotech (BOM:524717) Days Inventory : 179.41 (As of Dec. 2023)

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What is Titan Biotech Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Titan Biotech's Average Total Inventories for the three months ended in Dec. 2023 was ₹423 Mil. Titan Biotech's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹215 Mil. Hence, Titan Biotech's Days Inventory for the three months ended in Dec. 2023 was 179.41.

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

BOM:524717' s Days Inventory Range Over the Past 10 Years
Min: 74.18 Med: 149.46 Max: 204.94
Current: 192.72

During the past 13 years, Titan Biotech's highest Days Inventory was 204.94. The lowest was 74.18. And the median was 149.46.

BOM:524717's Days Inventory is ranked worse than
50.54% of 649 companies
in the Biotechnology industry
Industry Median: 191.36 vs BOM:524717: 192.72

Titan Biotech's Days Inventory declined from Dec. 2022 (260.69) to Dec. 2023 (179.41).

Inventory Turnover measures how fast the company turns over its inventory within a year. Titan Biotech's Inventory Turnover for the three months ended in Dec. 2023 was 0.51.

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. Titan Biotech's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.92.

Titan Biotech Days Inventory Historical Data

The historical data trend for Titan Biotech'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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Titan Biotech Days Inventory Chart

Titan Biotech Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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175.01

188.14

146.69

182.39

204.94

Titan Biotech 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															260.69	190.03	226.59	182.03	179.41

Competitive Comparison of Titan Biotech's Days Inventory

For the Biotechnology subindustry, Titan Biotech'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.

Titan Biotech's Days Inventory Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Titan Biotech's Days Inventory distribution charts can be found below:

* The bar in red indicates where Titan Biotech's Days Inventory falls into.

Titan Biotech Days Inventory Calculation

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

Titan Biotech'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
=	( (422.946	+	361.696)	/	2 )	/	698.733	*	365
=	392.321					/	698.733	*	365
=	204.94

Titan Biotech'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
=	( (423.347	+	0)	/	1 )	/	215.321	*	365 / 4
=	423.347					/	215.321	*	365 / 4
=	179.41

Titan Biotech (BOM:524717) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	215.321	/	423.347
	=	0.51

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	423.347	/	459.789
	=	0.92

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.

Titan Biotech Days Inventory Related Terms

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

Titan Biotech (BOM:524717) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Titan Biotech Ltd (BOM:524717) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

903-909, 9th Floor, Bigjos Tower, Netaji Subhash Place, Delhi, IND, 110034

Website

https://www.titanbiotechltd.com

Titan Biotech Ltd is a manufacturer and exporter of biological products. It manufactures biological products such as peptone, malt extract, yeast extract, liver extract, bile extract, culture media, laboratory chemicals, plant growth promoters and others. The biological products have applications in the field of pharmaceutical, nutraceutical, food and beverages, biotechnology and fermentation, cosmetic, veterinary and animal feed, agriculture industries, and others. The Company's business activity falls within a single primary business segment which is business of Biological Products. The firm sells its products in India and also exports internationally, of which the majority of the revenue is derived from the sales made in India.

Titan Biotech (BOM:524717) Headlines

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