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Ideal Technoplast Industries (NSE:IDEALTECHO) Days Inventory : 76.30 (As of Sep. 2024)


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What is Ideal Technoplast Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ideal Technoplast Industries's Average Total Inventories for the six months ended in Sep. 2024 was ₹42.4 Mil. Ideal Technoplast Industries's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹101.5 Mil. Hence, Ideal Technoplast Industries's Days Inventory for the six months ended in Sep. 2024 was 76.30.

The historical rank and industry rank for Ideal Technoplast Industries's Days Inventory or its related term are showing as below:

NSE:IDEALTECHO' s Days Inventory Range Over the Past 10 Years
Min: 65.79   Med: 70.47   Max: 152.6
Current: 152.6

During the past 3 years, Ideal Technoplast Industries's highest Days Inventory was 152.60. The lowest was 65.79. And the median was 70.47.

NSE:IDEALTECHO's Days Inventory is ranked worse than
87.14% of 381 companies
in the Packaging & Containers industry
Industry Median: 76.26 vs NSE:IDEALTECHO: 152.60

Ideal Technoplast Industries's Days Inventory increased from Mar. 2023 (0.00) to Sep. 2024 (76.30). It might indicate that Ideal Technoplast Industries's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ideal Technoplast Industries's Inventory Turnover for the six months ended in Sep. 2024 was 2.39.

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. Ideal Technoplast Industries's Inventory-to-Revenue for the six months ended in Sep. 2024 was 0.30.

Ideal Technoplast Industries Days Inventory Historical Data

The historical data trend for Ideal Technoplast Industries'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.

Ideal Technoplast Industries Days Inventory Chart

Ideal Technoplast Industries Annual Data
Trend Mar21 Mar22 Mar23
Days Inventory
65.79 72.90 70.47

Ideal Technoplast Industries Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Sep24
Days Inventory - - - 65.39 76.30

Competitive Comparison of Ideal Technoplast Industries's Days Inventory

For the Packaging & Containers subindustry, Ideal Technoplast Industries'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.

Ideal Technoplast Industries's Days Inventory Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Ideal Technoplast Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ideal Technoplast Industries's Days Inventory falls into.


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Ideal Technoplast Industries Days Inventory Calculation

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

Ideal Technoplast Industries'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
=( (10.98 + 29.243) / 2 ) / 104.162*365
=20.1115 / 104.162*365
=70.47

Ideal Technoplast Industries'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: Sep. 2023 ) + Total Inventories (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (0 + 42.421) / 1 ) / 101.468*365 / 2
=42.421 / 101.468*365 / 2
=76.30

* 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.

Ideal Technoplast Industries  (NSE:IDEALTECHO) 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.

Ideal Technoplast Industries's Inventory Turnover for the six months ended in Sep. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=101.468 / 42.421
=2.39

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.

Ideal Technoplast Industries's Inventory to Revenue for the six months ended in Sep. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=42.421 / 142.019
=0.30

* 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.

Ideal Technoplast Industries Days Inventory Related Terms

Thank you for viewing the detailed overview of Ideal Technoplast Industries's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Ideal Technoplast Industries Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ideal Technoplast Industries Ltd (NSE:IDEALTECHO) » Definitions » Days Inventory
Comparable Companies
BOM:526965 NSE:MEGAFLEX BOM:539251 NSE:UMA BOM:500421 BOM:523874 BOM:544392 NSE:DKEGL BOM:523840 BOM:526435 IP SW PKG BALL AMCR AVY CCK TSX:CCL.A BERY GPK
Traded in Other Exchanges
N/A
Address
Plot No. 1 to 4 and 78 to 81, Block No. 572 & 572/B Madhav Industrial Estate, Village Olpad, Taluka Olpad, Surat, GJ, IND, 394540
Website
https://www.idealtechnoplast.com
Ideal Technoplast Industries Ltd is a manufacturer and supplier of rigid plastic packaging, with a presence in both domestic and international markets (indirectly through export houses and third parties. It provide industrial packaging solutions for sectors such as paints, agro, chemicals, cosmetics, adhesives, lubricants, food, and edible oil.

Ideal Technoplast Industries Headlines

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