Emerald Tyre Manufacturers (NSE:ETML) Days Inventory: 179.03 (As of Mar. 2025) — Near Median


NSE:ETML Emerald Tyre Manufacturers Ltd NSE:ETML
16 GF Score
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! 3 Warning Signs
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What is Emerald Tyre Manufacturers Days Inventory?

Emerald Tyre Manufacturers NSE:ETML +4.24% 16 Days Inventory is 179.03 as of Mar. 2025, which is 5% below its 10-year median of 189.09. GuruFocus rates NSE:ETML with a GF Score™ of 16/100. The stock has 3 warning signs investors should review. Among 1,291 Vehicles & Parts companies, Emerald Tyre Manufacturers ranks worse than 89.85% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). Emerald Tyre Manufacturers's Average Total Inventories for the six months ended in Mar. 2025 was ₹625 Mil. Emerald Tyre Manufacturers's Cost of Goods Sold for the six months ended in Mar. 2025 was ₹1,275 Mil. Hence, Emerald Tyre Manufacturers's Days Inventory for the six months ended in Mar. 2025 was 89.52.

The historical rank and industry rank for Emerald Tyre Manufacturers's Days Inventory or its related term are showing as below:

NSE:ETML' s Days Inventory Range Over the Past 10 Years
Min: 175.2   Med: 189.09   Max: 297
Current: 179.03

During the past 5 years, Emerald Tyre Manufacturers's highest Days Inventory was 297.00. The lowest was 175.20. And the median was 189.09.

NSE:ETML's Days Inventory is ranked worse than
89.85% of 1291 companies
in the Vehicles & Parts industry
Industry Median: 80.26 vs NSE:ETML: 179.03

Emerald Tyre Manufacturers's Days Inventory increased from Mar. 2023 (175.20) to Mar. 2025 (179.03). It might indicate that Emerald Tyre Manufacturers's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Emerald Tyre Manufacturers's Inventory Turnover for the six months ended in Mar. 2025 was 2.04.

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. Emerald Tyre Manufacturers's Inventory-to-Revenue for the six months ended in Mar. 2025 was 0.32.

Emerald Tyre Manufacturers  (NSE:ETML) 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.

Emerald Tyre Manufacturers's Inventory Turnover for the six months ended in Mar. 2025 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=1274.711 / 625.2495
=2.04

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.

Emerald Tyre Manufacturers's Inventory to Revenue for the six months ended in Mar. 2025 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=625.2495 / 1955.749
=0.32

* 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.

Emerald Tyre Manufacturers Days Inventory Related Terms

Emerald Tyre Manufacturers Days Inventory Historical Data

* Premium members only.

The historical data trend for Emerald Tyre Manufacturers'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.

Emerald Tyre Manufacturers Days Inventory Chart

Emerald Tyre Manufacturers Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Days Inventory
297.00 189.09 175.20 197.77 179.03

Emerald Tyre Manufacturers Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25
Days Inventory 297.00 189.09 175.20 197.77 179.03

NSE:ETML vs ORLY, AZO: Days Inventory Comparison

For the Auto Parts subindustry, Emerald Tyre Manufacturers'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.

Emerald Tyre Manufacturers Days Inventory vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Emerald Tyre Manufacturers's Days Inventory distribution charts can be found below:

* The bar in red indicates where Emerald Tyre Manufacturers's Days Inventory falls into.


NSE:ETML
16GF Score
Emerald Tyre Manufacturers Ltd NSE:ETML
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
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Emerald Tyre Manufacturers Days Inventory Calculation

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

Emerald Tyre Manufacturers's Days Inventory for the fiscal year that ended in Mar. 2025 is calculated as

Days Inventory (A: Mar. 2025 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2024 ) + Total Inventories (A: Mar. 2025 )) / count ) / Cost of Goods Sold (A: Mar. 2025 )*Days in Period
=( (583.133 + 667.366) / 2 ) / 1274.711*365
=625.2495 / 1274.711*365
=179.03

Emerald Tyre Manufacturers's Days Inventory for the quarter that ended in Mar. 2025 is calculated as:

Days Inventory (Q: Mar. 2025 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2024 ) + Total Inventories (Q: Mar. 2025 )) / count ) / Cost of Goods Sold (Q: Mar. 2025 )*Days in Period
=( (583.133 + 667.366) / 2 ) / 1274.711*365 / 2
=625.2495 / 1274.711*365 / 2
=89.52

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 179.03 mean?
Emerald Tyre Manufacturers (NSE:ETML) has a Days Inventory of 179.03 as of Mar. 2025. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Emerald Tyre Manufacturers and its competitors. This is near median its historical median of 189.09. Over the past decade, Emerald Tyre Manufacturers' Days Inventory has ranged from 175.20 to 297.00. According to the industry distribution chart, Emerald Tyre Manufacturers ranks #1160 out of 1291 companies in the Vehicles & Parts industry, placing it in the top 89.9%.
Is Emerald Tyre Manufacturers' Days Inventory too high?
Emerald Tyre Manufacturers' current Days Inventory of 179.03 is near median its 10-year median of 189.09. Over the past 10 years, this metric has ranged from a low of 175.20 to a high of 297.00. The Vehicles & Parts industry median Days Inventory is 80.26. Emerald Tyre Manufacturers' value of 179.03 is 123.1% above this industry median. Based on the distribution chart, Emerald Tyre Manufacturers ranks #1160 out of 1291 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Emerald Tyre Manufacturers has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Emerald Tyre Manufacturers' Days Inventory compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Emerald Tyre Manufacturers ranks #1160 out of 1291 companies for Days Inventory. This places Emerald Tyre Manufacturers in the lower half of its industry. The industry median Days Inventory is 80.26. Emerald Tyre Manufacturers' value of 179.03 is 123.1% above this benchmark. Historically, Emerald Tyre Manufacturers' own Days Inventory has ranged from 175.20 to 297.00 over the past decade. While the company's 10-year median is 189.09 vs. the industry median of 80.26, Emerald Tyre Manufacturers has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Vehicles & Parts company?
The median Days Inventory among Vehicles & Parts companies is 80.26, based on 1,291 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Emerald Tyre Manufacturers's current Days Inventory of 179.03 is 123.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Emerald Tyre Manufacturers and its competitors. For the Vehicles & Parts industry, the median Days Inventory is 80.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emerald Tyre Manufacturers's current Days Inventory is 179.03, which is near median its own 10-year median of 189.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emerald Tyre Manufacturers stock overvalued right now?
Emerald Tyre Manufacturers (NSE:ETML) has a current Days Inventory of 179.03. The current Days Inventory is 179.03, which is near median its 10-year median of 189.09 and 123.1% above the Vehicles & Parts industry median of 80.26. Emerald Tyre Manufacturers' overall GF Score™ is 16/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Emerald Tyre Manufacturers (NSE:ETML), the current Days Inventory is 179.03 as of Mar. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Emerald Tyre Manufacturers Business Description

Address Second Street Porur Gardens, Emerald House, Plot No.2, Phase-I, Vanagaram, Tiruvallur, Poonamallee, TN, IND, 600095
Emerald Tyre Manufacturers Ltd is engaged in the Business of Manufacturing, Supplying and Services for a comprehensive range of tyres for material handling applications, like forklifts, skid loaders, ground support equipment of Airports, Port trailers, agri implements, lawn and garden mowers, mining equipment, aerial work platform trucks, backhoe loaders, etc.
16GF Score

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