Nahar Industrial Enterprises (BOM:519136) Days Inventory : 253.15 (As of Mar. 2024)

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What is Nahar Industrial Enterprises Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nahar Industrial Enterprises's Average Total Inventories for the three months ended in Mar. 2024 was ₹5,641 Mil. Nahar Industrial Enterprises's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,033 Mil. Hence, Nahar Industrial Enterprises's Days Inventory for the three months ended in Mar. 2024 was 253.15.

The historical rank and industry rank for Nahar Industrial Enterprises's Days Inventory or its related term are showing as below:

BOM:519136' s Days Inventory Range Over the Past 10 Years
Min: 156.21 Med: 181.27 Max: 210.74
Current: 182.89

During the past 13 years, Nahar Industrial Enterprises's highest Days Inventory was 210.74. The lowest was 156.21. And the median was 181.27.

BOM:519136's Days Inventory is ranked worse than
66.43% of 1007 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 132.53 vs BOM:519136: 182.89

Nahar Industrial Enterprises's Days Inventory increased from Mar. 2023 (159.56) to Mar. 2024 (253.15). It might indicate that Nahar Industrial Enterprises's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nahar Industrial Enterprises's Inventory Turnover for the three months ended in Mar. 2024 was 0.36.

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. Nahar Industrial Enterprises's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.52.

Nahar Industrial Enterprises Days Inventory Historical Data

The historical data trend for Nahar Industrial Enterprises'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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Nahar Industrial Enterprises Days Inventory Chart

Nahar Industrial Enterprises Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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183.65

177.73

156.21

201.20

210.74

Nahar Industrial Enterprises 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															159.56	160.85	131.32	133.13	253.15

Competitive Comparison of Nahar Industrial Enterprises's Days Inventory

For the Textile Manufacturing subindustry, Nahar Industrial Enterprises'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.

Nahar Industrial Enterprises's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Nahar Industrial Enterprises's Days Inventory falls into.

Nahar Industrial Enterprises Days Inventory Calculation

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

Nahar Industrial Enterprises'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
=	( (4265.894	+	5641.096)	/	2 )	/	8579.389	*	365
=	4953.495					/	8579.389	*	365
=	210.74

Nahar Industrial Enterprises'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	+	5641.096)	/	1 )	/	2033.367	*	365 / 4
=	5641.096					/	2033.367	*	365 / 4
=	253.15

Nahar Industrial Enterprises (BOM:519136) 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.

Nahar Industrial Enterprises's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2033.367	/	5641.096
	=	0.36

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.

Nahar Industrial Enterprises's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5641.096	/	3709.132
	=	1.52

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.

Nahar Industrial Enterprises Days Inventory Related Terms

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

Nahar Industrial Enterprises (BOM:519136) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nahar Industrial Enterprises Ltd (BOM:519136) » Definitions » Days Inventory

Traded in Other Exchanges

NAHARINDUS:India

Address

Focal Point, Ludhiana, PB, IND, 141010

Website

http://www.owmnahar.com

Nahar Industrial Enterprises Ltd is a textile manufacturing company. The company operates through two segments: Sugar and Textile. The Textile segment offers yarn and fabric. The Sugar segment is engaged in producing sugar. The company's product offerings include various types of yarns, such as cotton yarns, blended yarns, woollen, woollen blended, Cotton, Polyester Cotton, Other Blended, Compact Yarn, Mercerized Gassed Yarn. It also manufactures printed fabrics, specialty and performance fabrics, and indigo yarn-dyed shirtings for use in apparel and home furnishings. The firm derives a majority of revenue from the Textile segment.

Nahar Industrial Enterprises (BOM:519136) Headlines

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