Gujarat Hy-Spin (BOM:540938) Days Inventory : 39.68 (As of Sep. 2023)

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What is Gujarat Hy-Spin Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Gujarat Hy-Spin's Average Total Inventories for the six months ended in Sep. 2023 was ₹91.2 Mil. Gujarat Hy-Spin's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹419.6 Mil. Hence, Gujarat Hy-Spin's Days Inventory for the six months ended in Sep. 2023 was 39.68.

The historical rank and industry rank for Gujarat Hy-Spin's Days Inventory or its related term are showing as below:

BOM:540938' s Days Inventory Range Over the Past 10 Years
Min: 39.35 Med: 105.52 Max: 651.91
Current: 39.35

During the past 11 years, Gujarat Hy-Spin's highest Days Inventory was 651.91. The lowest was 39.35. And the median was 105.52.

BOM:540938's Days Inventory is ranked better than
89.93% of 1013 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.36 vs BOM:540938: 39.35

Gujarat Hy-Spin's Days Inventory increased from Sep. 2022 (35.06) to Sep. 2023 (39.68). It might indicate that Gujarat Hy-Spin's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gujarat Hy-Spin's Inventory Turnover for the six months ended in Sep. 2023 was 4.60.

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. Gujarat Hy-Spin's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.19.

Gujarat Hy-Spin Days Inventory Historical Data

The historical data trend for Gujarat Hy-Spin'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.

Gujarat Hy-Spin Days Inventory Chart

Gujarat Hy-Spin Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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92.63

133.45

114.58

49.35

55.17

Gujarat Hy-Spin Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial													46.79	26.11	35.06	48.34	39.68

Competitive Comparison of Gujarat Hy-Spin's Days Inventory

For the Textile Manufacturing subindustry, Gujarat Hy-Spin'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.

Gujarat Hy-Spin's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Gujarat Hy-Spin's Days Inventory falls into.

Gujarat Hy-Spin Days Inventory Calculation

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

Gujarat Hy-Spin'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
=	( (49.459	+	102.138)	/	2 )	/	501.432	*	365
=	75.7985					/	501.432	*	365
=	55.17

Gujarat Hy-Spin's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (102.138	+	80.323)	/	2 )	/	419.634	*	365 / 2
=	91.2305					/	419.634	*	365 / 2
=	39.68

Gujarat Hy-Spin (BOM:540938) 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.

Gujarat Hy-Spin's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	419.634	/	91.2305
	=	4.60

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.

Gujarat Hy-Spin's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	91.2305	/	483.398
	=	0.19

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.

Gujarat Hy-Spin Days Inventory Related Terms

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

Gujarat Hy-Spin (BOM:540938) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gujarat Hy-Spin Ltd (BOM:540938) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Gundala Road, P. O. Box No. 22, Rajkot District, Gondal, GJ, IND, 360311

Website

http://www.gujarathyspin.com

Gujarat Hy-Spin Ltd operates in the textile industry. Principally, it is engaged in the business of manufacturing cotton yarns as well as trading in cotton and other related items. In addition, it also produces ring yarns. The company sells cotton yarns to dealers who market it to other industrial units for weaving and other purposes. Its products comprise cotton bales, cotton waste, cotton yarn, raw cotton, wash oil, cotton seeds, and others. The company generates maximum revenue through the sale of its cotton yarn product.

Gujarat Hy-Spin (BOM:540938) Headlines

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