Avi Ansh Textile (NSE:AVIANSH) Days Inventory : 17.24 (As of Mar. 2024)

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What is Avi Ansh Textile Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Avi Ansh Textile's Average Total Inventories for the three months ended in Mar. 2024 was ₹206 Mil. Avi Ansh Textile's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,091 Mil. Hence, Avi Ansh Textile's Days Inventory for the three months ended in Mar. 2024 was 17.24.

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

NSE:AVIANSH' s Days Inventory Range Over the Past 10 Years
Min: 50.22 Med: 60.11 Max: 81.97
Current: 68.96

During the past 4 years, Avi Ansh Textile's highest Days Inventory was 81.97. The lowest was 50.22. And the median was 60.11.

NSE:AVIANSH's Days Inventory is ranked better than
77.38% of 999 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 126.15 vs NSE:AVIANSH: 68.96

Avi Ansh Textile's Days Inventory increased from . 20 (0.00) to Mar. 2024 (17.24). It might indicate that Avi Ansh Textile's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Avi Ansh Textile's Inventory Turnover for the three months ended in Mar. 2024 was 5.29.

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. Avi Ansh Textile's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.15.

Avi Ansh Textile Days Inventory Historical Data

The historical data trend for Avi Ansh Textile'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.

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Avi Ansh Textile Days Inventory Chart

Avi Ansh Textile Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Inventory

81.97

50.22

51.26

68.96

Avi Ansh Textile Quarterly Data
	Mar21	Mar22	Mar23	Mar24
Days Inventory	20.49	12.55	12.81	17.24

Competitive Comparison of Avi Ansh Textile's Days Inventory

For the Textile Manufacturing subindustry, Avi Ansh Textile'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.

Avi Ansh Textile's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Avi Ansh Textile's Days Inventory falls into.

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Avi Ansh Textile Days Inventory Calculation

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

Avi Ansh Textile'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
=	( (134.978	+	277.216)	/	2 )	/	1090.813	*	365
=	206.097					/	1090.813	*	365
=	68.96

Avi Ansh Textile'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
=	( (134.978	+	277.216)	/	2 )	/	1090.813	*	365 / 4
=	206.097					/	1090.813	*	365 / 4
=	17.24

Avi Ansh Textile (NSE:AVIANSH) 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.

Avi Ansh Textile's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1090.813	/	206.097
	=	5.29

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.

Avi Ansh Textile's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	206.097	/	1413.887
	=	0.15

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.

Avi Ansh Textile Days Inventory Related Terms

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

Avi Ansh Textile Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Avi Ansh Textile Ltd (NSE:AVIANSH) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

402, 4th Floor, Aggarwal Cyber Plaza-1, Netaji Subhash Place, Pitampura, North West, Delhi, IND, 110034

Website

https://www.avianshgroup.com

Avi Ansh Textile Ltd is a manufacturer and exporter of cotton yarn, including combed and carded cotton yarn in various counts. Its Yarns include Carded cotton, Combed cotton, Short, medium, long slub yarn produced with specific patterns. Its Fabric product include Single Jersey, Rib Knit, Interlock Fabric, Terry, Diagonal Terry, waffle, Thermal, Fleece, Pique, Rice Knit, Dot Knit, Nirmal Knit, Lycra Blended Fabrics, etc.

Avi Ansh Textile Headlines

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