Binayak Tex Processors (BOM:523054) Days Inventory : 105.77 (As of Dec. 2023)

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What is Binayak Tex Processors Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Binayak Tex Processors's Average Total Inventories for the three months ended in Dec. 2023 was ₹234 Mil. Binayak Tex Processors's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹202 Mil. Hence, Binayak Tex Processors's Days Inventory for the three months ended in Dec. 2023 was 105.77.

The historical rank and industry rank for Binayak Tex Processors's Days Inventory or its related term are showing as below:

BOM:523054' s Days Inventory Range Over the Past 10 Years
Min: 43.22 Med: 47.78 Max: 66.12
Current: 51.65

During the past 13 years, Binayak Tex Processors's highest Days Inventory was 66.12. The lowest was 43.22. And the median was 47.78.

BOM:523054's Days Inventory is ranked better than
85.24% of 1003 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 131.33 vs BOM:523054: 51.65

Binayak Tex Processors's Days Inventory increased from Dec. 2022 (58.69) to Dec. 2023 (105.77). It might indicate that Binayak Tex Processors'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. Binayak Tex Processors's Inventory Turnover for the three months ended in Dec. 2023 was 0.86.

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. Binayak Tex Processors's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.57.

Binayak Tex Processors Days Inventory Historical Data

The historical data trend for Binayak Tex Processors'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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Binayak Tex Processors Days Inventory Chart

Binayak Tex Processors Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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45.59

45.97

48.97

45.48

47.50

Binayak Tex Processors 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															58.69	29.75	74.74	73.12	105.77

Competitive Comparison of Binayak Tex Processors's Days Inventory

For the Textile Manufacturing subindustry, Binayak Tex Processors'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.

Binayak Tex Processors's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Binayak Tex Processors's Days Inventory falls into.

Binayak Tex Processors Days Inventory Calculation

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

Binayak Tex Processors'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
=	( (257.215	+	293.143)	/	2 )	/	2114.706	*	365
=	275.179					/	2114.706	*	365
=	47.50

Binayak Tex Processors'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
=	( (234.28	+	0)	/	1 )	/	202.122	*	365 / 4
=	234.28					/	202.122	*	365 / 4
=	105.77

Binayak Tex Processors (BOM:523054) 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.

Binayak Tex Processors's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	202.122	/	234.28
	=	0.86

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.

Binayak Tex Processors's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	234.28	/	411.238
	=	0.57

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.

Binayak Tex Processors Days Inventory Related Terms

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

Binayak Tex Processors (BOM:523054) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Binayak Tex Processors Ltd (BOM:523054) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Kalbadevi Road, 5th Floor, 384-M, Dhabolkar Wadi, Mumbai, MH, IND, 400002

Website

https://www.binayaktex.com

Binayak Tex Processors Ltd engaged in the manufacturing of textile fabrics. It operates through the Textile Business and Finance Business segments. The firm is also engaged in the business of manufacturing and processing of textile fabrics. Its products include prints, such as wax print, all-over print, reactive print, discharge print and single color dye, and home-textile, such as bed sets and quilts. The company offers bed sheets, towels, kitchen apron, curtains, pillows, and cushions. The company has two segments Textile business and Finance business segment.

Binayak Tex Processors (BOM:523054) Headlines

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