Gala Precision Engineering (NSE:GALAPREC) Days Inventory : 283.63 (As of Sep. 2024)

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What is Gala Precision Engineering Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Gala Precision Engineering's Average Total Inventories for the six months ended in Sep. 2024 was ₹637 Mil. Gala Precision Engineering's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹410 Mil. Hence, Gala Precision Engineering's Days Inventory for the six months ended in Sep. 2024 was 283.63.

The historical rank and industry rank for Gala Precision Engineering's Days Inventory or its related term are showing as below:

NSE:GALAPREC' s Days Inventory Range Over the Past 10 Years
Min: 223.05 Med: 251.48 Max: 318.5
Current: 237.53

During the past 4 years, Gala Precision Engineering's highest Days Inventory was 318.50. The lowest was 223.05. And the median was 251.48.

NSE:GALAPREC's Days Inventory is ranked worse than
83.26% of 2910 companies
in the Industrial Products industry
Industry Median: 122.215 vs NSE:GALAPREC: 237.53

Gala Precision Engineering's Days Inventory increased from Sep. 2023 (249.29) to Sep. 2024 (283.63). It might indicate that Gala Precision Engineering's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gala Precision Engineering's Inventory Turnover for the six months ended in Sep. 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. Gala Precision Engineering's Inventory-to-Revenue for the six months ended in Sep. 2024 was 0.61.

Gala Precision Engineering Days Inventory Historical Data

The historical data trend for Gala Precision Engineering'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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Gala Precision Engineering Days Inventory Chart

Gala Precision Engineering Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Inventory

318.50

246.76

256.19

223.05

Gala Precision Engineering Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Days Inventory	Get a 7-Day Free Trial			-	-	249.29	196.00	283.63

Competitive Comparison of Gala Precision Engineering's Days Inventory

For the Specialty Industrial Machinery subindustry, Gala Precision Engineering'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.

Gala Precision Engineering's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gala Precision Engineering's Days Inventory distribution charts can be found below:

* The bar in red indicates where Gala Precision Engineering's Days Inventory falls into.

Gala Precision Engineering Days Inventory Calculation

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

Gala Precision Engineering'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
=	( (557.57	+	576.5)	/	2 )	/	927.9	*	365
=	567.035					/	927.9	*	365
=	223.05

Gala Precision Engineering's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (576.5	+	698.2)	/	2 )	/	410.1	*	365 / 2
=	637.35					/	410.1	*	365 / 2
=	283.63

Gala Precision Engineering (NSE:GALAPREC) 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.

Gala Precision Engineering's Inventory Turnover for the six months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	410.1	/	637.35
	=	0.64

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.

Gala Precision Engineering's Inventory to Revenue for the six months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	637.35	/	1044
	=	0.61

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.

Gala Precision Engineering Days Inventory Related Terms

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Gala Precision Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gala Precision Engineering Ltd (NSE:GALAPREC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

544244:India

Address

Ghodbunder Road Majiwade, A-801, 8th Floor, Thane One DIL Complex, Thane West, Thane, MH, IND, 400610

Website

https://www.galagroup.com

Gala Precision Engineering Ltd is a precision component manufacturer of technical springs like disc & strip springs (DSS) including wedge lock washers; coil & spiral springs (CSS) and special fastening solutions (SFS) supplying to original equipment manufacturers (OEMs), Tier 1 and channel partners; used in sectors like renewable energy including wind turbine and hydropower plants, various industrial sectors such as electrical, off-highway equipments, infrastructure and general engineering, mobility segments such as automotive and railways.

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