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Titaanium Ten Enterprise (BOM:539985) Days Inventory : 23.92 (As of Mar. 2024)


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What is Titaanium Ten Enterprise Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Titaanium Ten Enterprise's Average Total Inventories for the six months ended in Mar. 2024 was ₹133 Mil. Titaanium Ten Enterprise's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹1,018 Mil. Hence, Titaanium Ten Enterprise's Days Inventory for the six months ended in Mar. 2024 was 23.92.

The historical rank and industry rank for Titaanium Ten Enterprise's Days Inventory or its related term are showing as below:

BOM:539985' s Days Inventory Range Over the Past 10 Years
Min: 9.79   Med: 13.56   Max: 33.16
Current: 33.16

During the past 13 years, Titaanium Ten Enterprise's highest Days Inventory was 33.16. The lowest was 9.79. And the median was 13.56.

BOM:539985's Days Inventory is ranked better than
92.15% of 1006 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 132.415 vs BOM:539985: 33.16

Titaanium Ten Enterprise's Days Inventory increased from Mar. 2023 (17.69) to Mar. 2024 (23.92). It might indicate that Titaanium Ten Enterprise'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. Titaanium Ten Enterprise's Inventory Turnover for the six months ended in Mar. 2024 was 7.63.

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. Titaanium Ten Enterprise's Inventory-to-Revenue for the six months ended in Mar. 2024 was 0.12.


Titaanium Ten Enterprise Days Inventory Historical Data

The historical data trend for Titaanium Ten Enterprise'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.

Titaanium Ten Enterprise Days Inventory Chart

Titaanium Ten Enterprise 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 11.83 11.92 9.79 23.24 30.21

Titaanium Ten Enterprise Semi-Annual Data
Mar14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 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 11.29 7.84 17.69 49.42 23.92

Competitive Comparison of Titaanium Ten Enterprise's Days Inventory

For the Textile Manufacturing subindustry, Titaanium Ten Enterprise'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.


Titaanium Ten Enterprise's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Titaanium Ten Enterprise's Days Inventory falls into.



Titaanium Ten Enterprise Days Inventory Calculation

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

Titaanium Ten Enterprise'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
=( (211.778 + 78.831) / 2 ) / 1755.582*365
=145.3045 / 1755.582*365
=30.21

Titaanium Ten Enterprise'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: Sep. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (187.935 + 78.831) / 2 ) / 1017.619*365 / 2
=133.383 / 1017.619*365 / 2
=23.92

* 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.


Titaanium Ten Enterprise  (BOM:539985) 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.

Titaanium Ten Enterprise's Inventory Turnover for the six 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.

Titaanium Ten Enterprise's Inventory to Revenue for the six 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.


Titaanium Ten Enterprise Days Inventory Related Terms

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


Titaanium Ten Enterprise (BOM:539985) Business Description

Traded in Other Exchanges
N/A
Address
Ring Road, Shop No. 901/914, 9th Floor, Rajhans Complex, Beside Nirmal Children Hospital, Surat, GJ, IND, 395002
Titaanium Ten Enterprise Ltd operates in the textile industry. The company is mainly engaged in the trading of yarn, grey cloth, and knitted fabrics as well as manufacturing of knitted fabrics. It operates through Textile and Logistic segments. The firm generates majority revenue from the Textile segment.

Titaanium Ten Enterprise (BOM:539985) Headlines

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