Precot (NSE:PRECOT) Days Inventory : 131.35 (As of Mar. 2024)

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What is Precot Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Precot's Average Total Inventories for the three months ended in Mar. 2024 was ₹2,323 Mil. Precot's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,614 Mil. Hence, Precot's Days Inventory for the three months ended in Mar. 2024 was 131.35.

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

NSE:PRECOT' s Days Inventory Range Over the Past 10 Years
Min: 83.13 Med: 106.87 Max: 141.55
Current: 126.64

During the past 13 years, Precot's highest Days Inventory was 141.55. The lowest was 83.13. And the median was 106.87.

NSE:PRECOT's Days Inventory is ranked better than
52.14% of 1007 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 132.53 vs NSE:PRECOT: 126.64

Precot's Days Inventory declined from Mar. 2023 (134.45) to Mar. 2024 (131.35).

Inventory Turnover measures how fast the company turns over its inventory within a year. Precot's Inventory Turnover for the three months ended in Mar. 2024 was 0.69.

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. Precot's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.93.

Precot Days Inventory Historical Data

The historical data trend for Precot'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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Precot Days Inventory Chart

Precot Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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87.28

121.00

129.72

141.55

139.83

Precot Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															134.45	151.35	88.29	114.09	131.35

Competitive Comparison of Precot's Days Inventory

For the Textile Manufacturing subindustry, Precot'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.

Precot's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Precot's Days Inventory falls into.

Precot Days Inventory Calculation

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

Precot'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
=	( (2420.089	+	2322.719)	/	2 )	/	6190.034	*	365
=	2371.404					/	6190.034	*	365
=	139.83

Precot'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: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	2322.719)	/	1 )	/	1613.595	*	365 / 4
=	2322.719					/	1613.595	*	365 / 4
=	131.35

Precot (NSE:PRECOT) 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.

Precot's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1613.595	/	2322.719
	=	0.69

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.

Precot's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2322.719	/	2485.926
	=	0.93

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.

Precot Days Inventory Related Terms

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

Precot (NSE:PRECOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Precot Ltd (NSE:PRECOT) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Nava India Road, SF No: 559/4, D Block, 4th Floor, Hanudev Info Park, Udaiyampalayam, Coimbatore, TN, IND, 641 028

Website

https://www.precot.com

Precot Ltd operates in the textile business. The products manufactured by the group broadly fall under two categories namely Yarns and Threads; and Health and Hygiene care. Its yarn products include normal, compact, organic, slub, doubled yarn, gassed yarn, open-end yarn, polyester cotton blend yarn and polyester sewing thread. Further, its health and hygiene product line includes cosmetic make up removal pads in different shapes like round, oval, square and rectangle; roll goods in normal and organic cotton, and absorbent cotton in normal and organic.

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