Hamid Fabrics (DHA:HFL) Days Inventory : 207.15 (As of Dec. 2023)

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What is Hamid Fabrics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Hamid Fabrics's Average Total Inventories for the three months ended in Dec. 2023 was BDT926 Mil. Hamid Fabrics's Cost of Goods Sold for the three months ended in Dec. 2023 was BDT408 Mil. Hence, Hamid Fabrics's Days Inventory for the three months ended in Dec. 2023 was 207.15.

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

DHA:HFL' s Days Inventory Range Over the Past 10 Years
Min: 80.07 Med: 140.53 Max: 195.67
Current: 182.29

During the past 10 years, Hamid Fabrics's highest Days Inventory was 195.67. The lowest was 80.07. And the median was 140.53.

DHA:HFL's Days Inventory is ranked worse than
67.39% of 1015 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.36 vs DHA:HFL: 182.29

Hamid Fabrics's Days Inventory increased from Dec. 2022 (102.23) to Dec. 2023 (207.15). It might indicate that Hamid Fabrics's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hamid Fabrics's Inventory Turnover for the three months ended in Dec. 2023 was 0.44.

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. Hamid Fabrics's Inventory-to-Revenue for the three months ended in Dec. 2023 was 2.01.

Hamid Fabrics Days Inventory Historical Data

The historical data trend for Hamid Fabrics'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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Hamid Fabrics Days Inventory Chart

Hamid Fabrics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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134.49

171.37

193.47

124.62

146.56

Hamid Fabrics 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															102.23	161.02	159.86	211.60	207.15

Competitive Comparison of Hamid Fabrics's Days Inventory

For the Textile Manufacturing subindustry, Hamid Fabrics'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.

Hamid Fabrics's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Hamid Fabrics's Days Inventory falls into.

Hamid Fabrics Days Inventory Calculation

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

Hamid Fabrics's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (852.189	+	992.927)	/	2 )	/	2297.584	*	365
=	922.558					/	2297.584	*	365
=	146.56

Hamid Fabrics'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
=	( (935.51	+	915.507)	/	2 )	/	407.687	*	365 / 4
=	925.5085					/	407.687	*	365 / 4
=	207.15

Hamid Fabrics (DHA:HFL) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	407.687	/	925.5085
	=	0.44

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	925.5085	/	459.42
	=	2.01

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.

Hamid Fabrics Days Inventory Related Terms

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

Hamid Fabrics (DHA:HFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hamid Fabrics PLC (DHA:HFL) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

24, Gulshan C/A, Circle-2, Hamid Tower (7th Floor), Dhaka, BGD, 1212

Website

https://www.mahingroup.com

Hamid Fabrics PLC is a manufacturer of solid-dye fabric for the readymade garment industry. The company's product range includes cotton fabrics as well as blended fabrics such as cotton/polyester, cotton/viscose, nylon/cotton and cotton/lycra. The weaving unit produces grey fabrics in various designs and constructions such as Twill, Canvas, Oxford, Rib stop, Rib cord, Ottoman, Herringbone, and various dobby designs of different weight ranges. The finishing mix of Hamid Fabrics Limited comprises water repellent, fireproof, wrinkle-free, Teflon coating, aero finish and chintz finish. The company caters to the markets in the United States of American and the European Union.

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