Federal-Mogul Goetze (India) (NSE:FMGOETZE) Days Inventory : 119.84 (As of Dec. 2023)

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What is Federal-Mogul Goetze (India) Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Federal-Mogul Goetze (India)'s Average Total Inventories for the three months ended in Dec. 2023 was ₹2,095 Mil. Federal-Mogul Goetze (India)'s Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,596 Mil. Hence, Federal-Mogul Goetze (India)'s Days Inventory for the three months ended in Dec. 2023 was 119.84.

The historical rank and industry rank for Federal-Mogul Goetze (India)'s Days Inventory or its related term are showing as below:

NSE:FMGOETZE' s Days Inventory Range Over the Past 10 Years
Min: 107.08 Med: 117.42 Max: 145.74
Current: 111.18

During the past 13 years, Federal-Mogul Goetze (India)'s highest Days Inventory was 145.74. The lowest was 107.08. And the median was 117.42.

NSE:FMGOETZE's Days Inventory is ranked worse than
70.1% of 1254 companies
in the Vehicles & Parts industry
Industry Median: 80.76 vs NSE:FMGOETZE: 111.18

Federal-Mogul Goetze (India)'s Days Inventory increased from Dec. 2022 (113.29) to Dec. 2023 (119.84). It might indicate that Federal-Mogul Goetze (India)'s sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Federal-Mogul Goetze (India)'s Inventory Turnover for the three months ended in Dec. 2023 was 0.76.

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. Federal-Mogul Goetze (India)'s Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.51.

Federal-Mogul Goetze (India) Days Inventory Historical Data

The historical data trend for Federal-Mogul Goetze (India)'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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Federal-Mogul Goetze (India) Days Inventory Chart

Federal-Mogul Goetze (India) Annual Data

Trend

Dec13

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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111.23

138.12

122.24

140.19

107.08

Federal-Mogul Goetze (India) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															113.29	110.68	118.92	113.57	119.84

Competitive Comparison of Federal-Mogul Goetze (India)'s Days Inventory

For the Auto Parts subindustry, Federal-Mogul Goetze (India)'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.

Federal-Mogul Goetze (India)'s Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Federal-Mogul Goetze (India)'s Days Inventory distribution charts can be found below:

* The bar in red indicates where Federal-Mogul Goetze (India)'s Days Inventory falls into.

Federal-Mogul Goetze (India) Days Inventory Calculation

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

Federal-Mogul Goetze (India)'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
=	( (1857.051	+	1957.275)	/	2 )	/	6500.584	*	365
=	1907.163					/	6500.584	*	365
=	107.08

Federal-Mogul Goetze (India)'s Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2095.387	+	0)	/	1 )	/	1595.529	*	365 / 4
=	2095.387					/	1595.529	*	365 / 4
=	119.84

Federal-Mogul Goetze (India) (NSE:FMGOETZE) 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.

Federal-Mogul Goetze (India)'s Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1595.529	/	2095.387
	=	0.76

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.

Federal-Mogul Goetze (India)'s Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2095.387	/	4147.491
	=	0.51

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.

Federal-Mogul Goetze (India) Days Inventory Related Terms

Thank you for viewing the detailed overview of Federal-Mogul Goetze (India)'s Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Federal-Mogul Goetze (India) (NSE:FMGOETZE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Federal-Mogul Goetze (India) Ltd (NSE:FMGOETZE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

505744:India

Address

Golf Course Road, Sector-54, 10th Floor, Tower B, Paras Twin Towers, Gurugram, HR, IND, 122 002

Website

http://www.federalmogulgoetzeindia.net

Federal-Mogul Goetze (India) Ltd is engaged in the manufacture, supply, and distribution of automotive components used in automobiles. It offers Pistons, Piston rings, Sintered parts, and Cylinder liners which are used for cars, SUVs, tractors, commercial vehicles, stationary engines, and high-output locomotive diesel engines. It is principally in the automotive components segment. The group has a business presence in India and other countries, of which a majority of revenue is generated within India.

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