Loyal Textile Mills (BOM:514036) Days Inventory : 363.89 (As of Dec. 2023)

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What is Loyal Textile Mills Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Loyal Textile Mills's Average Total Inventories for the three months ended in Dec. 2023 was ₹4,736 Mil. Loyal Textile Mills's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,188 Mil. Hence, Loyal Textile Mills's Days Inventory for the three months ended in Dec. 2023 was 363.89.

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

BOM:514036' s Days Inventory Range Over the Past 10 Years
Min: 51.27 Med: 105.03 Max: 268.38
Current: 268.38

During the past 13 years, Loyal Textile Mills's highest Days Inventory was 268.38. The lowest was 51.27. And the median was 105.03.

BOM:514036's Days Inventory is ranked worse than
85.06% of 1011 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.14 vs BOM:514036: 268.38

Loyal Textile Mills's Days Inventory increased from Dec. 2022 (203.20) to Dec. 2023 (363.89). It might indicate that Loyal Textile Mills'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. Loyal Textile Mills's Inventory Turnover for the three months ended in Dec. 2023 was 0.25.

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. Loyal Textile Mills's Inventory-to-Revenue for the three months ended in Dec. 2023 was 2.32.

Loyal Textile Mills Days Inventory Historical Data

The historical data trend for Loyal Textile 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.

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Loyal Textile Mills Days Inventory Chart

Loyal Textile Mills Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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105.86

155.63

155.17

119.39

198.28

Loyal Textile Mills 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															203.20	227.99	252.25	294.53	363.89

Competitive Comparison of Loyal Textile Mills's Days Inventory

For the Textile Manufacturing subindustry, Loyal Textile 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.

Loyal Textile Mills's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Loyal Textile Mills's Days Inventory falls into.

Loyal Textile Mills Days Inventory Calculation

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

Loyal Textile Mills'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
=	( (4465.38	+	5216.197)	/	2 )	/	8910.993	*	365
=	4840.7885					/	8910.993	*	365
=	198.28

Loyal Textile Mills'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
=	( (4830.3	+	4641.5)	/	2 )	/	1187.6	*	365 / 4
=	4735.9					/	1187.6	*	365 / 4
=	363.89

Loyal Textile Mills (BOM:514036) 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.

Loyal Textile Mills's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1187.6	/	4735.9
	=	0.25

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.

Loyal Textile Mills's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4735.9	/	2041.7
	=	2.32

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.

Loyal Textile Mills Days Inventory Related Terms

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

Loyal Textile Mills (BOM:514036) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Loyal Textile Mills Ltd (BOM:514036) » Definitions » Days Inventory

Traded in Other Exchanges

LOYALTEX:India

Address

1st Main Road, No. 83, R. A. Puram, Mandaveli, Chennai, TN, IND, 600028

Website

https://www.loyaltextiles.com

Loyal Textile Mills Ltd is an India-based company that provides various products and services for the textile and apparel industries. It is engaged in the manufacturing of yarn, woven fabric, knitted fabric, and technical clothing. The company operates in two business segments that are manufacturing and trading activities. Its main products are yarn, cloth, and hosiery cloth. The manufacturing of cloth and hosiery cloth generates maximum revenue for the company. Geographically the company exports its product to Asia, Europe, America, and others; out of which the Asia region generates maximum revenue for the company.

Loyal Textile Mills (BOM:514036) Headlines

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