Le Merite Exports (NSE:LEMERITE) Days Inventory : 15.69 (As of Mar. 2024)

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What is Le Merite Exports Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Le Merite Exports's Average Total Inventories for the six months ended in Mar. 2024 was ₹188 Mil. Le Merite Exports's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹2,185 Mil. Hence, Le Merite Exports's Days Inventory for the six months ended in Mar. 2024 was 15.69.

The historical rank and industry rank for Le Merite Exports's Days Inventory or its related term are showing as below:

NSE:LEMERITE' s Days Inventory Range Over the Past 10 Years
Min: 5.59 Med: 9.56 Max: 16.16
Current: 15.32

During the past 6 years, Le Merite Exports's highest Days Inventory was 16.16. The lowest was 5.59. And the median was 9.56.

NSE:LEMERITE's Days Inventory is ranked better than
96.06% of 991 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 127.23 vs NSE:LEMERITE: 15.32

Le Merite Exports's Days Inventory declined from Mar. 2023 (18.17) to Mar. 2024 (15.69).

Inventory Turnover measures how fast the company turns over its inventory within a year. Le Merite Exports's Inventory Turnover for the six months ended in Mar. 2024 was 11.63.

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. Le Merite Exports's Inventory-to-Revenue for the six months ended in Mar. 2024 was 0.09.

Le Merite Exports Days Inventory Historical Data

The historical data trend for Le Merite Exports'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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Le Merite Exports Days Inventory Chart

Le Merite Exports Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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5.59

9.88

9.24

16.16

14.75

Le Merite Exports Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Inventory	Get a 7-Day Free Trial				8.36	19.71	18.17	15.52	15.69

Competitive Comparison of Le Merite Exports's Days Inventory

For the Textile Manufacturing subindustry, Le Merite Exports'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.

Le Merite Exports's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Le Merite Exports's Days Inventory distribution charts can be found below:

* The bar in red indicates where Le Merite Exports's Days Inventory falls into.

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Le Merite Exports Days Inventory Calculation

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

Le Merite Exports'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
=	( (180.393	+	176.635)	/	2 )	/	4416.839	*	365
=	178.514					/	4416.839	*	365
=	14.75

Le Merite Exports's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (199.14	+	176.635)	/	2 )	/	2185.496	*	365 / 2
=	187.8875					/	2185.496	*	365 / 2
=	15.69

Le Merite Exports (NSE:LEMERITE) 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.

Le Merite Exports's Inventory Turnover for the six months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2185.496	/	187.8875
	=	11.63

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.

Le Merite Exports's Inventory to Revenue for the six months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	187.8875	/	2056.193
	=	0.09

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.

Le Merite Exports Days Inventory Related Terms

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

Le Merite Exports Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Le Merite Exports Ltd (NSE:LEMERITE) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

1 st Floor, Chandivali Farm Road, B1-104D, Boomerang, Powai, Andheri- East, Mumbai, MH, IND, 400072

Website

https://www.lemeriteexports.com

Le Merite Exports Ltd is engaged in the manufacturing and trading of textile products namely cotton yarn, greige fabric, and finished fabric for domestic and export sales. The reportable segment for the Company is textile business.

Le Merite Exports Headlines

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