TTK Healthcare (BOM:507747) Days Inventory : 95.46 (As of Dec. 2023)

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What is TTK Healthcare Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). TTK Healthcare's Average Total Inventories for the three months ended in Dec. 2023 was ₹895 Mil. TTK Healthcare's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹856 Mil. Hence, TTK Healthcare's Days Inventory for the three months ended in Dec. 2023 was 95.46.

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

BOM:507747' s Days Inventory Range Over the Past 10 Years
Min: 57.2 Med: 73.69 Max: 122.44
Current: 88.61

During the past 13 years, TTK Healthcare's highest Days Inventory was 122.44. The lowest was 57.20. And the median was 73.69.

BOM:507747's Days Inventory is ranked better than
81.05% of 971 companies
in the Drug Manufacturers industry
Industry Median: 159.35 vs BOM:507747: 88.61

TTK Healthcare's Days Inventory increased from Dec. 2022 (81.46) to Dec. 2023 (95.46). It might indicate that TTK Healthcare's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. TTK Healthcare's Inventory Turnover for the three months ended in Dec. 2023 was 0.96.

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. TTK Healthcare's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.49.

TTK Healthcare Days Inventory Historical Data

The historical data trend for TTK Healthcare'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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TTK Healthcare Days Inventory Chart

TTK Healthcare Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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74.74

88.54

122.44

94.89

85.14

TTK Healthcare Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															81.46	86.64	90.66	97.68	95.46

Competitive Comparison of TTK Healthcare's Days Inventory

For the Drug Manufacturers - General subindustry, TTK Healthcare'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.

TTK Healthcare's Days Inventory Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, TTK Healthcare's Days Inventory distribution charts can be found below:

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

TTK Healthcare Days Inventory Calculation

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

TTK Healthcare's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (789.244	+	845.146)	/	2 )	/	3503.229	*	365
=	817.195					/	3503.229	*	365
=	85.14

TTK Healthcare's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (895.211	+	0)	/	1 )	/	855.698	*	365 / 4
=	895.211					/	855.698	*	365 / 4
=	95.46

TTK Healthcare (BOM:507747) 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.

TTK Healthcare's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	855.698	/	895.211
	=	0.96

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.

TTK Healthcare's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	895.211	/	1838.472
	=	0.49

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.

TTK Healthcare Days Inventory Related Terms

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

TTK Healthcare (BOM:507747) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » TTK Healthcare Ltd (BOM:507747) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TTKHLTCARE:India

Address

No. 6, Cathedral Road, Chennai, TN, IND, 600 086

Website

https://www.ttkhealthcare.com

TTK Healthcare Ltd is an Indian pharmaceutical company. The company's operating segment includes Animal Welfare, Consumer Products, Medical Devices, Protective Devices, Foods Division, and Others. Its Animal Welfare segment includes products for both Human and Veterinary use. The Consumer Products comprises of marketing and distribution of Woodwards's Gripe Water, EVA Range of Cosmetics, Good Home range of Scrubbers, Air Fresheners and others. Protective Devices comprises of manufacturing and marketing of Male Contraceptives and other allied products. It generates maximum revenue from the Pharmaceuticals segment. Geographically, it derives a majority of revenue from India.

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