GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Credo Brands Marketing Ltd (NSE:MUFTI) » Definitions » Days Inventory

Credo Brands Marketing (NSE:MUFTI) Days Inventory : 180.28 (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Credo Brands Marketing Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Credo Brands Marketing's Average Total Inventories for the six months ended in Mar. 2024 was ₹1,192 Mil. Credo Brands Marketing's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹2,413 Mil. Hence, Credo Brands Marketing's Days Inventory for the six months ended in Mar. 2024 was 90.14.

The historical rank and industry rank for Credo Brands Marketing's Days Inventory or its related term are showing as below:

NSE:MUFTI' s Days Inventory Range Over the Past 10 Years
Min: 154.26   Med: 162.7   Max: 180.28
Current: 180.28

During the past 4 years, Credo Brands Marketing's highest Days Inventory was 180.28. The lowest was 154.26. And the median was 162.70.

NSE:MUFTI's Days Inventory is ranked worse than
71.9% of 1071 companies
in the Retail - Cyclical industry
Industry Median: 109.11 vs NSE:MUFTI: 180.28

Credo Brands Marketing's Days Inventory increased from Mar. 2022 (154.31) to Mar. 2024 (180.28). It might indicate that Credo Brands Marketing's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Credo Brands Marketing's Inventory Turnover for the six months ended in Mar. 2024 was 2.02.

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. Credo Brands Marketing's Inventory-to-Revenue for the six months ended in Mar. 2024 was 0.21.


Credo Brands Marketing Days Inventory Historical Data

The historical data trend for Credo Brands Marketing'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.

Credo Brands Marketing Days Inventory Chart

Credo Brands Marketing Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Days Inventory
171.08 154.31 154.26 180.28

Credo Brands Marketing Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
Days Inventory 171.08 154.31 154.26 180.28

Competitive Comparison of Credo Brands Marketing's Days Inventory

For the Apparel Retail subindustry, Credo Brands Marketing'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.


Credo Brands Marketing's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Credo Brands Marketing's Days Inventory distribution charts can be found below:

* The bar in red indicates where Credo Brands Marketing's Days Inventory falls into.



Credo Brands Marketing Days Inventory Calculation

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

Credo Brands Marketing'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
=( (1134.03 + 1249.39) / 2 ) / 2412.73*365
=1191.71 / 2412.73*365
=180.28

Credo Brands Marketing'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: Mar. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (1134.03 + 1249.39) / 2 ) / 2412.73*365 / 2
=1191.71 / 2412.73*365 / 2
=90.14

* 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.


Credo Brands Marketing  (NSE:MUFTI) 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.

Credo Brands Marketing's Inventory Turnover for the six 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.

Credo Brands Marketing's Inventory to Revenue for the six 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.


Credo Brands Marketing Days Inventory Related Terms

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


Credo Brands Marketing (NSE:MUFTI) Business Description

Comparable Companies
Traded in Other Exchanges
Address
B-8, MIDC Central Road, Marol, Next to MIDC Police Station, Andheri East, Mumbai, MH, IND, 400093
Credo Brands Marketing Ltd is a homegrown brand in the mid-premium and premium men's casual wear market in India. The product offerings range from shirts to t-shirts to jeans to chinos, which cater to all year-round clothing. The Company is primarily engaged in the business of retailing of Men's casual wear under its Brand MUFTI. The company generates the majority of its revenue from the sale of its products.

Credo Brands Marketing (NSE:MUFTI) Headlines

No Headlines