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Gul Ahmed Textile Mills (KAR:GATM) Days Inventory : 143.03 (As of Mar. 2024)


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What is Gul Ahmed Textile Mills Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Gul Ahmed Textile Mills's Average Total Inventories for the three months ended in Mar. 2024 was ₨57,385 Mil. Gul Ahmed Textile Mills's Cost of Goods Sold for the three months ended in Mar. 2024 was ₨36,610 Mil. Hence, Gul Ahmed Textile Mills's Days Inventory for the three months ended in Mar. 2024 was 143.03.

The historical rank and industry rank for Gul Ahmed Textile Mills's Days Inventory or its related term are showing as below:

KAR:GATM' s Days Inventory Range Over the Past 10 Years
Min: 138.66   Med: 157.52   Max: 206.48
Current: 138.66

During the past 13 years, Gul Ahmed Textile Mills's highest Days Inventory was 206.48. The lowest was 138.66. And the median was 157.52.

KAR:GATM's Days Inventory is ranked worse than
52.39% of 1006 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 132.415 vs KAR:GATM: 138.66

Gul Ahmed Textile Mills's Days Inventory increased from Mar. 2023 (142.13) to Mar. 2024 (143.03). It might indicate that Gul Ahmed Textile Mills's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gul Ahmed Textile Mills's Inventory Turnover for the three months ended in Mar. 2024 was 0.64.

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. Gul Ahmed Textile Mills's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.32.


Gul Ahmed Textile Mills Days Inventory Historical Data

The historical data trend for Gul Ahmed Textile Mills'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.

Gul Ahmed Textile Mills Days Inventory Chart

Gul Ahmed Textile Mills Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 161.29 206.48 158.71 149.70 153.92

Gul Ahmed Textile Mills Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 142.13 141.90 129.40 141.30 143.03

Competitive Comparison of Gul Ahmed Textile Mills's Days Inventory

For the Textile Manufacturing subindustry, Gul Ahmed Textile Mills'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.


Gul Ahmed Textile Mills's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Gul Ahmed Textile Mills's Days Inventory distribution charts can be found below:

* The bar in red indicates where Gul Ahmed Textile Mills's Days Inventory falls into.



Gul Ahmed Textile Mills Days Inventory Calculation

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

Gul Ahmed Textile Mills's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

Days Inventory (A: Jun. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jun. 2022 ) + Total Inventories (A: Jun. 2023 )) / count ) / Cost of Goods Sold (A: Jun. 2023 )*Days in Period
=( (43905.378 + 49496.064) / 2 ) / 110746.798*365
=46700.721 / 110746.798*365
=153.92

Gul Ahmed Textile Mills'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: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (54743.709 + 60025.951) / 2 ) / 36610.362*365 / 4
=57384.83 / 36610.362*365 / 4
=143.03

* 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.


Gul Ahmed Textile Mills  (KAR:GATM) 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.

Gul Ahmed Textile Mills's Inventory Turnover for the three 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.

Gul Ahmed Textile Mills's Inventory to Revenue for the three 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.


Gul Ahmed Textile Mills Days Inventory Related Terms

Thank you for viewing the detailed overview of Gul Ahmed Textile Mills's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Gul Ahmed Textile Mills (KAR:GATM) Business Description

Traded in Other Exchanges
N/A
Address
Plot No.H-7, Landhi Industrial Area, Landhi, Karachi, SD, PAK, 75120
Gul Ahmed Textile Mills Ltd is engaged in the manufacturing and selling of textile products. The company's segments are Spinning which includes the production of different yarn using natural and artificial fibers, Weaving segment caters to in-house requirements for home textile, retail and distribution, and apparel division, Retail and Distribution segment is involved in retail sales through a chain of IDEAS retails outlets and its distribution channels. and Processing, Home Textile and Apparel segment deals in processing greige fabrics into various types of finished fabrics. It generates a majority of its revenue from the Home Textile segment.

Gul Ahmed Textile Mills (KAR:GATM) Headlines

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