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Siyaram Silk Mills (NSE:SIYSIL) Days Inventory : 134.40 (As of Mar. 2024)


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What is Siyaram Silk Mills Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Siyaram Silk Mills's Average Total Inventories for the three months ended in Mar. 2024 was ₹4,677 Mil. Siyaram Silk Mills's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹3,175 Mil. Hence, Siyaram Silk Mills's Days Inventory for the three months ended in Mar. 2024 was 134.40.

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

NSE:SIYSIL' s Days Inventory Range Over the Past 10 Years
Min: 106.52   Med: 151.97   Max: 183.53
Current: 164.56

During the past 13 years, Siyaram Silk Mills's highest Days Inventory was 183.53. The lowest was 106.52. And the median was 151.97.

NSE:SIYSIL's Days Inventory is ranked worse than
60.34% of 1006 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 132.415 vs NSE:SIYSIL: 164.56

Siyaram Silk Mills's Days Inventory increased from Mar. 2023 (104.51) to Mar. 2024 (134.40). It might indicate that Siyaram Silk Mills's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Siyaram Silk Mills's Inventory Turnover for the three months ended in Mar. 2024 was 0.68.

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. Siyaram Silk Mills's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.72.


Siyaram Silk Mills Days Inventory Historical Data

The historical data trend for Siyaram Silk Mills'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.

Siyaram Silk Mills Days Inventory Chart

Siyaram Silk Mills Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 174.87 183.53 122.41 139.97 163.71

Siyaram Silk Mills 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 104.51 240.32 144.47 179.96 134.40

Competitive Comparison of Siyaram Silk Mills's Days Inventory

For the Textile Manufacturing subindustry, Siyaram Silk Mills'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.


Siyaram Silk Mills's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Siyaram Silk Mills's Days Inventory falls into.



Siyaram Silk Mills Days Inventory Calculation

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

Siyaram Silk Mills'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
=( (4243.578 + 4676.7) / 2 ) / 9944.1*365
=4460.139 / 9944.1*365
=163.71

Siyaram Silk Mills'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 + 4676.7) / 1 ) / 3175.1*365 / 4
=4676.7 / 3175.1*365 / 4
=134.40

* 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.


Siyaram Silk Mills  (NSE:SIYSIL) 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.

Siyaram Silk Mills's Inventory Turnover for the three 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.

Siyaram Silk Mills's Inventory to Revenue for the three 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.


Siyaram Silk Mills Days Inventory Related Terms

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


Siyaram Silk Mills (NSE:SIYSIL) Business Description

Traded in Other Exchanges
Address
Senapati Bapat Marg, B-5, Trade World, Kamala City, Kamala Mills Compound, Lower Parel (West), Mumbai, MH, IND, 400 013
Siyaram Silk Mills Ltd is an Indian company that is engaged in the manufacturing of suiting and shirting fabrics and readymade garments. It sells its products under the brand name Cadini, Siyaram's, Oxemberg, and others. The company produces fashionable curtains and upholstery fabrics under the Casa Moda brand. The company operates a chain of retail outlets across India The company earns its revenue from the textile business.

Siyaram Silk Mills (NSE:SIYSIL) Headlines

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