Garware Hi-Tech Films (NSE:GRWRHITECH) Days Inventory : 127.96 (As of Dec. 2024)

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What is Garware Hi-Tech Films Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Garware Hi-Tech Films's Average Total Inventories for the three months ended in Dec. 2024 was ₹3,038 Mil. Garware Hi-Tech Films's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹2,166 Mil. Hence, Garware Hi-Tech Films's Days Inventory for the three months ended in Dec. 2024 was 127.96.

The historical rank and industry rank for Garware Hi-Tech Films's Days Inventory or its related term are showing as below:

NSE:GRWRHITECH' s Days Inventory Range Over the Past 10 Years
Min: 65.9 Med: 98.63 Max: 111.02
Current: 100.94

During the past 13 years, Garware Hi-Tech Films's highest Days Inventory was 111.02. The lowest was 65.90. And the median was 98.63.

NSE:GRWRHITECH's Days Inventory is ranked worse than
64.66% of 1497 companies
in the Chemicals industry
Industry Median: 78.35 vs NSE:GRWRHITECH: 100.94

Garware Hi-Tech Films's Days Inventory increased from Dec. 2023 (96.37) to Dec. 2024 (127.96). It might indicate that Garware Hi-Tech Films's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Garware Hi-Tech Films's Inventory Turnover for the three months ended in Dec. 2024 was 0.71.

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. Garware Hi-Tech Films's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.65.

Garware Hi-Tech Films Days Inventory Historical Data

The historical data trend for Garware Hi-Tech Films'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.

Garware Hi-Tech Films Days Inventory Chart

Garware Hi-Tech Films Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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79.31

101.83

100.67

100.95

100.67

Garware Hi-Tech Films Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Inventory	Get a 7-Day Free Trial															96.37	90.51	141.34	90.16	127.96

Competitive Comparison of Garware Hi-Tech Films's Days Inventory

For the Specialty Chemicals subindustry, Garware Hi-Tech Films'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.

Garware Hi-Tech Films's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Garware Hi-Tech Films's Days Inventory distribution charts can be found below:

* The bar in red indicates where Garware Hi-Tech Films's Days Inventory falls into.

Garware Hi-Tech Films Days Inventory Calculation

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

Garware Hi-Tech Films'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
=	( (1988.528	+	2897.493)	/	2 )	/	8857.719	*	365
=	2443.0105					/	8857.719	*	365
=	100.67

Garware Hi-Tech Films's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (3037.6	+	0)	/	1 )	/	2166.1	*	365 / 4
=	3037.6					/	2166.1	*	365 / 4
=	127.96

Garware Hi-Tech Films (NSE:GRWRHITECH) 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.

Garware Hi-Tech Films's Inventory Turnover for the three months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2166.1	/	3037.6
	=	0.71

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.

Garware Hi-Tech Films's Inventory to Revenue for the three months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3037.6	/	4663.7
	=	0.65

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.

Garware Hi-Tech Films Days Inventory Related Terms

Thank you for viewing the detailed overview of Garware Hi-Tech Films's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Garware Hi-Tech Films Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Garware Hi-Tech Films Ltd (NSE:GRWRHITECH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

500655:India

Address

50 - A, Swami Nityanand Marg, Garware House, Vile Parle (East), Mumbai, MH, IND, 400057

Website

https://www.garwarehitechfilms.com

Garware Hi-Tech Films Ltd is a manufacturer of polyester films and value accretive high-margin specialty films in India. The products offered by the company include various types of paint protection films, decorative films, privacy films, packaging films, graphic films, and others. Geographically, the company derives maximum revenue from its customers located in the United States of America and the rest from India, and the rest of the world.

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