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Raghuvir Synthetics (BOM:514316) Days Inventory : 55.78 (As of Mar. 2024)


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What is Raghuvir Synthetics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Raghuvir Synthetics's Average Total Inventories for the three months ended in Mar. 2024 was ₹270 Mil. Raghuvir Synthetics's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹442 Mil. Hence, Raghuvir Synthetics's Days Inventory for the three months ended in Mar. 2024 was 55.78.

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

BOM:514316' s Days Inventory Range Over the Past 10 Years
Min: 27.64   Med: 51.03   Max: 86.1
Current: 49.53

During the past 13 years, Raghuvir Synthetics's highest Days Inventory was 86.10. The lowest was 27.64. And the median was 51.03.

BOM:514316's Days Inventory is ranked better than
86.69% of 1007 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 132.53 vs BOM:514316: 49.53

Raghuvir Synthetics's Days Inventory declined from Mar. 2023 (73.09) to Mar. 2024 (55.78).

Inventory Turnover measures how fast the company turns over its inventory within a year. Raghuvir Synthetics's Inventory Turnover for the three months ended in Mar. 2024 was 1.64.

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. Raghuvir Synthetics's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.42.


Raghuvir Synthetics Days Inventory Historical Data

The historical data trend for Raghuvir 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.

* Premium members only.

Raghuvir Synthetics Days Inventory Chart

Raghuvir Synthetics Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 86.10 51.94 27.64 75.97 50.11

Raghuvir Synthetics 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 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 73.09 42.93 52.60 45.94 55.78

Competitive Comparison of Raghuvir Synthetics's Days Inventory

For the Textile Manufacturing subindustry, Raghuvir 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.


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

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

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



Raghuvir Synthetics Days Inventory Calculation

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

Raghuvir Synthetics'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
=( (203.759 + 270.281) / 2 ) / 1726.507*365
=237.02 / 1726.507*365
=50.11

Raghuvir Synthetics'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 + 270.281) / 1 ) / 442.144*365 / 4
=270.281 / 442.144*365 / 4
=55.78

* 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.


Raghuvir Synthetics  (BOM:514316) 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.

Raghuvir Synthetics's Inventory Turnover for the three months ended in Mar. 2024 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.

Raghuvir Synthetics's Inventory to Revenue for the three months ended in Mar. 2024 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.


Raghuvir Synthetics Days Inventory Related Terms

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


Raghuvir Synthetics (BOM:514316) Business Description

Traded in Other Exchanges
N/A
Address
Block No. 1035A, Shilaj Rancharda Road, Near Ayodhya Shilaj Township, Shilaj, Ahmedabad, GJ, IND, 380058
Raghuvir Synthetics Ltd is a textile processing company. It is principally involved in the finishing of cotton and blended cotton textiles. The company operates in a solitary business segment -Manufacturing and Processing of Fabrics. The firm's product portfolio comprises bed linen, curtains, towels, kitchen products, and upholstery fabrics.

Raghuvir Synthetics (BOM:514316) Headlines

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