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Bhilwara Technical Textiles (BOM:533108) Days Inventory : 23.83 (As of Dec. 2023)


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What is Bhilwara Technical Textiles Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Bhilwara Technical Textiles's Average Total Inventories for the three months ended in Dec. 2023 was ₹6.2 Mil. Bhilwara Technical Textiles's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹23.7 Mil. Hence, Bhilwara Technical Textiles's Days Inventory for the three months ended in Dec. 2023 was 23.83.

The historical rank and industry rank for Bhilwara Technical Textiles's Days Inventory or its related term are showing as below:

BOM:533108' s Days Inventory Range Over the Past 10 Years
Min: 24.06   Med: 42.86   Max: 387.53
Current: 26.74

During the past 13 years, Bhilwara Technical Textiles's highest Days Inventory was 387.53. The lowest was 24.06. And the median was 42.86.

BOM:533108's Days Inventory is ranked better than
93.68% of 1012 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.41 vs BOM:533108: 26.74

Bhilwara Technical Textiles's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (23.83). It might indicate that Bhilwara Technical Textiles's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Bhilwara Technical Textiles's Inventory Turnover for the three months ended in Dec. 2023 was 3.83.

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. Bhilwara Technical Textiles's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.20.


Bhilwara Technical Textiles Days Inventory Historical Data

The historical data trend for Bhilwara Technical Textiles'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.

Bhilwara Technical Textiles Days Inventory Chart

Bhilwara Technical Textiles Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 387.53 160.69 42.86 24.06 40.97

Bhilwara Technical Textiles 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 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 - 29.38 27.33 25.92 23.83

Competitive Comparison of Bhilwara Technical Textiles's Days Inventory

For the Textile Manufacturing subindustry, Bhilwara Technical Textiles'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.


Bhilwara Technical Textiles's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Bhilwara Technical Textiles's Days Inventory falls into.



Bhilwara Technical Textiles Days Inventory Calculation

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

Bhilwara Technical Textiles'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
=( (16.293 + 8.501) / 2 ) / 110.435*365
=12.397 / 110.435*365
=40.97

Bhilwara Technical Textiles'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
=( (6.198 + 0) / 1 ) / 23.73*365 / 4
=6.198 / 23.73*365 / 4
=23.83

* 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.


Bhilwara Technical Textiles  (BOM:533108) 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.

Bhilwara Technical Textiles's Inventory Turnover for the three months ended in Dec. 2023 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.

Bhilwara Technical Textiles's Inventory to Revenue for the three months ended in Dec. 2023 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.


Bhilwara Technical Textiles Days Inventory Related Terms

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


Bhilwara Technical Textiles (BOM:533108) Business Description

Traded in Other Exchanges
N/A
Address
Bhilwara Towers, A-12, Sector-1, Noida, UP, IND, 201301
Bhilwara Technical Textiles Ltd is engaged in the business of trading of yarns. The main objective of the company is to carry on the business of manufacturer, producer, dealer, importer, exporter, buyer, seller and dealer in and as broker, agent, stockist, distributor and supplier of all kinds of automotive and home furnishing fabrics, made-ups, apparels and other products, goods, nylon, articles and are made from or with cotton, silk, polyester, acrylic and other kinds of fiber.

Bhilwara Technical Textiles (BOM:533108) Headlines

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