Zenith Fibres (BOM:514266) Days Inventory : 89.60 (As of Mar. 2024)

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What is Zenith Fibres Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zenith Fibres's Average Total Inventories for the three months ended in Mar. 2024 was ₹56.1 Mil. Zenith Fibres's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹57.1 Mil. Hence, Zenith Fibres's Days Inventory for the three months ended in Mar. 2024 was 89.60.

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

BOM:514266' s Days Inventory Range Over the Past 10 Years
Min: 33 Med: 57.93 Max: 82.63
Current: 77.72

During the past 13 years, Zenith Fibres's highest Days Inventory was 82.63. The lowest was 33.00. And the median was 57.93.

BOM:514266's Days Inventory is ranked better than
74.78% of 1007 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 132.53 vs BOM:514266: 77.72

Zenith Fibres's Days Inventory increased from Mar. 2023 (70.83) to Mar. 2024 (89.60). It might indicate that Zenith Fibres'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. Zenith Fibres's Inventory Turnover for the three months ended in Mar. 2024 was 1.02.

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. Zenith Fibres's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.64.

Zenith Fibres Days Inventory Historical Data

The historical data trend for Zenith Fibres'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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Zenith Fibres Days Inventory Chart

Zenith Fibres Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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76.33

80.72

33.00

42.99

82.63

Zenith Fibres 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															70.83	104.76	54.92	65.53	89.60

Competitive Comparison of Zenith Fibres's Days Inventory

For the Textile Manufacturing subindustry, Zenith Fibres'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.

Zenith Fibres's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Zenith Fibres's Days Inventory falls into.

Zenith Fibres Days Inventory Calculation

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

Zenith Fibres'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
=	( (43.802	+	56.096)	/	2 )	/	220.628	*	365
=	49.949					/	220.628	*	365
=	82.63

Zenith Fibres'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	+	56.096)	/	1 )	/	57.128	*	365 / 4
=	56.096					/	57.128	*	365 / 4
=	89.60

Zenith Fibres (BOM:514266) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	57.128	/	56.096
	=	1.02

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	56.096	/	88.104
	=	0.64

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.

Zenith Fibres Days Inventory Related Terms

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

Zenith Fibres (BOM:514266) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zenith Fibres Ltd (BOM:514266) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Subhanpura Road, 103 Synergy House, Vadodara, GJ, IND, 390 023

Website

https://www.zenithfibres.com

Zenith Fibres Ltd is an Indian based company engaged in the manufacturing of man-made fibers such as polypropylene staple fiber. The polypropylene fiber product is used in a wide variety of areas; some of these include spun yarn filter fabrics, non-woven filter fabrics, geo-textiles, floor coverings and carpet backings, furnishing fabrics, blankets, wall-coverings, in the construction industry. Its segment includes Manmade Fibre and Wind Mill. The company generates maximum revenue from the Manmade Fibre segment.

Zenith Fibres (BOM:514266) Headlines

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