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Flair Writing Industries (BOM:544030) Days Inventory : 165.41 (As of Mar. 2024)


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What is Flair Writing Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Flair Writing Industries's Average Total Inventories for the six months ended in Mar. 2024 was ₹2,201 Mil. Flair Writing Industries's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹4,857 Mil. Hence, Flair Writing Industries's Days Inventory for the six months ended in Mar. 2024 was 82.71.

The historical rank and industry rank for Flair Writing Industries's Days Inventory or its related term are showing as below:

BOM:544030' s Days Inventory Range Over the Past 10 Years
Min: 65.13   Med: 162.72   Max: 212.15
Current: 165.41

During the past 6 years, Flair Writing Industries's highest Days Inventory was 212.15. The lowest was 65.13. And the median was 162.72.

BOM:544030's Days Inventory is ranked worse than
67.01% of 2904 companies
in the Industrial Products industry
Industry Median: 121.99 vs BOM:544030: 165.41

Flair Writing Industries's Days Inventory increased from Mar. 2022 (162.72) to Mar. 2024 (165.41). It might indicate that Flair Writing Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Flair Writing Industries's Inventory Turnover for the six months ended in Mar. 2024 was 2.21.

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. Flair Writing Industries's Inventory-to-Revenue for the six months ended in Mar. 2024 was 0.22.

Flair Writing Industries Days Inventory Historical Data

The historical data trend for Flair Writing Industries'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.

Flair Writing Industries Days Inventory Chart

Flair Writing Industries Annual Data
Trend Mar17 Mar18 Mar21 Mar22 Mar23 Mar24
Days Inventory
Get a 7-Day Free Trial 65.13 212.15 162.72 142.79 165.41

Flair Writing Industries Semi-Annual Data
Mar17 Mar18 Mar21 Mar22 Mar23 Mar24
Days Inventory Get a 7-Day Free Trial 65.13 212.15 162.72 142.79 165.41

Competitive Comparison of Flair Writing Industries's Days Inventory

For the Business Equipment & Supplies subindustry, Flair Writing Industries'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.

Flair Writing Industries's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Flair Writing Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Flair Writing Industries's Days Inventory falls into.


Flair Writing Industries Days Inventory Calculation

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

Flair Writing Industries'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
=( (2137.61 + 2264.6) / 2 ) / 4856.95*365
=2201.105 / 4856.95*365
=165.41

Flair Writing Industries'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: Mar. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (2137.61 + 2264.6) / 2 ) / 4856.95*365 / 2
=2201.105 / 4856.95*365 / 2
=82.71

* 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.

Flair Writing Industries  (BOM:544030) 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.

Flair Writing Industries's Inventory Turnover for the six months ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=4856.95 / 2201.105
=2.21

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.

Flair Writing Industries's Inventory to Revenue for the six months ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=2201.105 / 9787.25
=0.22

* 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.

Flair Writing Industries Days Inventory Related Terms

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

Flair Writing Industries (BOM:544030) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Flair Writing Industries Ltd (BOM:544030) » Definitions » Days Inventory
Comparable Companies
Traded in Other Exchanges
FLAIR:India
Address
63 B/C, Government Industrial Estate, Charkop, Kandivali West, Mumbai, MH, IND, 400 067
Website
https://www.flairworld.in
Flair Writing Industries Ltd is engaged in manufacturing pens and other products. It manufactures and distributes several brands in India and due to its ability to manufacture quality products and its distribution and retail capabilities, It is able to partner with various international brands in the writing instruments industry. Its products are sold under its Flair brand, its principal brands Hauser and Pierre Cardin and It has recently introduced ZOOX in India. Its products include ball pens, fountain pens, gel pens, roller pens and metal pens, mechanical pencils, highlighters, correction pens, markers, gel crayons, colouring range, erasers, geometry boxes and kids stationery kits, and calculators.

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