The historical rank and industry rank for The Hi-Tech Gears's Days Inventory or its related term are showing as below:
NSE:HITECHGEAR'
s Days Inventory Range Over the Past 10 Years
Min: 38.76 Med: 64.19 Max: 91.18
Current: 79.56
During the past 13 years, The Hi-Tech Gears's highest Days Inventory was 91.18. The lowest was 38.76. And the median was 64.19.
NSE:HITECHGEAR's Days Inventory is ranked better than 51.55% of 1261
companies
in the Vehicles & Parts industry
Industry Median: 81.84
vs NSE:HITECHGEAR: 79.56
The Hi-Tech Gears's Days Inventory
declined
from Mar. 2023 (76.52) to Mar. 2024 (76.02).
Inventory Turnover measures how fast the company turns over its inventory within a year.
The Hi-Tech Gears's Inventory Turnover for the
three
months ended in Mar. 2024 was 1.20.
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.
The Hi-Tech Gears's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.44.
The Hi-Tech Gears Days Inventory Historical Data
The historical data trend for The Hi-Tech Gears'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.
Competitive Comparison of The Hi-Tech Gears's Days Inventory
For the Auto Parts subindustry, The Hi-Tech Gears'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.
The Hi-Tech Gears's Days Inventory Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, The Hi-Tech Gears's Days Inventory distribution charts can be found below:
* The bar in red indicates where The Hi-Tech Gears's Days Inventory falls into.
The Hi-Tech Gears Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
The Hi-Tech Gears's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as
* 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.
The Hi-Tech Gears (NSE:HITECHGEAR) 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.
The Hi-Tech Gears's Inventory Turnover for the
three
months ended in Mar. 2024 is calculated as
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.
The Hi-Tech Gears's Inventory to Revenue for the
three
months ended in Mar. 2024 is calculated as
* 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.
The Hi-Tech Gears Days Inventory Related Terms
Thank you for viewing the detailed overview of The Hi-Tech Gears's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
The Hi-Tech Gears (NSE:HITECHGEAR) Business Description
The Hi-Tech Gears Ltd is a manufacturer of auto components. The company is primarily engaged in the business of gears and transmission components. It provides diverse parts and accessories for motor vehicles such as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalyzer, clutches, steering wheels, steering columns and steering boxes. The company's product includes power takeoff, car transmission and driveline components, precision forging or precision machining, and machined sintered components. Geographically, it derives a majority of revenue from India.
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