Shri Techtex (NSE:SHRITECH) Days Inventory : 99.03 (As of Sep. 2024)

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

What is Shri Techtex Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shri Techtex's Average Total Inventories for the six months ended in Sep. 2024 was ₹95.2 Mil. Shri Techtex's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹175.5 Mil. Hence, Shri Techtex's Days Inventory for the six months ended in Sep. 2024 was 99.03.

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

NSE:SHRITECH' s Days Inventory Range Over the Past 10 Years
Min: 32.02 Med: 70.27 Max: 133.49
Current: 79.81

During the past 5 years, Shri Techtex's highest Days Inventory was 133.49. The lowest was 32.02. And the median was 70.27.

NSE:SHRITECH's Days Inventory is ranked better than
71.2% of 993 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 126.02 vs NSE:SHRITECH: 79.81

Shri Techtex's Days Inventory increased from Sep. 2023 (84.54) to Sep. 2024 (99.03). It might indicate that Shri Techtex'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. Shri Techtex's Inventory Turnover for the six months ended in Sep. 2024 was 1.84.

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. Shri Techtex's Inventory-to-Revenue for the six months ended in Sep. 2024 was 0.24.

Shri Techtex Days Inventory Historical Data

The historical data trend for Shri Techtex'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.

Shri Techtex Days Inventory Chart

Shri Techtex Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

133.49

40.32

32.02

70.27

91.35

Shri Techtex Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Days Inventory	Get a 7-Day Free Trial			-	-	84.54	97.94	99.03

Competitive Comparison of Shri Techtex's Days Inventory

For the Textile Manufacturing subindustry, Shri Techtex'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.

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

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

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

Save Embed

;

Save Embed

;

Shri Techtex Days Inventory Calculation

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

Shri Techtex'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
=	( (116.515	+	139.547)	/	2 )	/	511.549	*	365
=	128.031					/	511.549	*	365
=	91.35

Shri Techtex'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: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (139.547	+	50.93)	/	2 )	/	175.514	*	365 / 2
=	95.2385					/	175.514	*	365 / 2
=	99.03

Shri Techtex (NSE:SHRITECH) 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.

Shri Techtex's Inventory Turnover for the six months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	175.514	/	95.2385
	=	1.84

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.

Shri Techtex's Inventory to Revenue for the six months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	95.2385	/	399.302
	=	0.24

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.

Shri Techtex Days Inventory Related Terms

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

Shri Techtex Business Description

Industry

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

Traded in Other Exchanges

N/A

Address

Harmony, 2nd Floor,15/A, Shree Vidhyanagar Co-Operative Housing Society Ltd., Opposite Nabard, Near Usmanpura Garden, Ahmedabad, GJ, IND, 380014

Website

https://www.shritechtex.com

Shri Techtex Ltd is engaged in the business of manufacturing of Polypropylene (PP) Non-Woven Fabric. The practical use of non-woven fabric is more ecological for certain applications, especially in fields and industries where disposable or single-use products are important, such as organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, Mattress & furniture covering, ecological packaging, industrial and consumer goods. The company manufactures PP non-woven fabric in a variety of sizes and densities.

Shri Techtex Headlines

No Headlines