Pattech Fitwell Tube Components (NSE:PATTECH) Days Inventory : 52.19 (As of Mar. 2024)

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What is Pattech Fitwell Tube Components Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Pattech Fitwell Tube Components's Average Total Inventories for the six months ended in Mar. 2024 was ₹46.7 Mil. Pattech Fitwell Tube Components's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹163.2 Mil. Hence, Pattech Fitwell Tube Components's Days Inventory for the six months ended in Mar. 2024 was 52.19.

The historical rank and industry rank for Pattech Fitwell Tube Components's Days Inventory or its related term are showing as below:

NSE:PATTECH' s Days Inventory Range Over the Past 10 Years
Min: 3.95 Med: 31.62 Max: 101.72
Current: 45.48

During the past 5 years, Pattech Fitwell Tube Components's highest Days Inventory was 101.72. The lowest was 3.95. And the median was 31.62.

NSE:PATTECH's Days Inventory is ranked better than
78.88% of 587 companies
in the Steel industry
Industry Median: 87.83 vs NSE:PATTECH: 45.48

Pattech Fitwell Tube Components's Days Inventory increased from Mar. 2023 (0.00) to Mar. 2024 (52.19). It might indicate that Pattech Fitwell Tube Components's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Pattech Fitwell Tube Components's Inventory Turnover for the six months ended in Mar. 2024 was 3.50.

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. Pattech Fitwell Tube Components's Inventory-to-Revenue for the six months ended in Mar. 2024 was 0.25.

Pattech Fitwell Tube Components Days Inventory Historical Data

The historical data trend for Pattech Fitwell Tube Components'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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Pattech Fitwell Tube Components Days Inventory Chart

Pattech Fitwell Tube Components Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

3.95

10.36

31.62

101.72

45.14

Pattech Fitwell Tube Components Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Sep23	Mar24
Days Inventory	Get a 7-Day Free Trial			-	-	-	39.32	52.19

Competitive Comparison of Pattech Fitwell Tube Components's Days Inventory

For the Steel subindustry, Pattech Fitwell Tube Components'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.

Pattech Fitwell Tube Components's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Pattech Fitwell Tube Components's Days Inventory distribution charts can be found below:

* The bar in red indicates where Pattech Fitwell Tube Components's Days Inventory falls into.

Pattech Fitwell Tube Components Days Inventory Calculation

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

Pattech Fitwell Tube Components'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
=	( (30.513	+	51.428)	/	2 )	/	331.296	*	365
=	40.9705					/	331.296	*	365
=	45.14

Pattech Fitwell Tube Components'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
=	( (41.911	+	51.428)	/	2 )	/	163.209	*	365 / 2
=	46.6695					/	163.209	*	365 / 2
=	52.19

Pattech Fitwell Tube Components (NSE:PATTECH) 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.

Pattech Fitwell Tube Components's Inventory Turnover for the six months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	163.209	/	46.6695
	=	3.50

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.

Pattech Fitwell Tube Components's Inventory to Revenue for the six months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	46.6695	/	185.589
	=	0.25

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.

Pattech Fitwell Tube Components Days Inventory Related Terms

Thank you for viewing the detailed overview of Pattech Fitwell Tube Components's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Pattech Fitwell Tube Components Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Pattech Fitwell Tube Components Ltd (NSE:PATTECH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road No:1, National Highway 08, Near GETCO 66 KV Substation G.I.D.C POR NH-8, Survey No.873/B/1, Anson Limbani Estate, Vadodara, GJ, IND, 391243

Website

https://www.pftcpipefittings.com

Pattech Fitwell Tube Components Ltd is engaged in manufacturing pipe fittings, flanges, and various types of forgings and machined components as well as pipe spools and fabrication works for various industries like fertilizers, petrochemical, power, chemical and pharmaceutical, food processing, oil and gas, desalination and water treatment, shipbuilding, defense, fabrication of process equipment, instrumentation.

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