Sri Ramakrishna Mills Coimbatore (BOM:521178) Days Inventory : 610.29 (As of Dec. 2023)

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What is Sri Ramakrishna Mills Coimbatore Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sri Ramakrishna Mills Coimbatore's Average Total Inventories for the three months ended in Dec. 2023 was ₹329.5 Mil. Sri Ramakrishna Mills Coimbatore's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹49.3 Mil. Hence, Sri Ramakrishna Mills Coimbatore's Days Inventory for the three months ended in Dec. 2023 was 610.29.

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

BOM:521178' s Days Inventory Range Over the Past 10 Years
Min: 338.06 Med: 734.06 Max: 1645.3
Current: 491.54

During the past 13 years, Sri Ramakrishna Mills Coimbatore's highest Days Inventory was 1645.30. The lowest was 338.06. And the median was 734.06.

BOM:521178's Days Inventory is ranked worse than
95.45% of 1012 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.41 vs BOM:521178: 491.54

Sri Ramakrishna Mills Coimbatore's Days Inventory increased from Dec. 2022 (496.98) to Dec. 2023 (610.29). It might indicate that Sri Ramakrishna Mills Coimbatore's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sri Ramakrishna Mills Coimbatore's Inventory Turnover for the three months ended in Dec. 2023 was 0.15.

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. Sri Ramakrishna Mills Coimbatore's Inventory-to-Revenue for the three months ended in Dec. 2023 was 3.30.

Sri Ramakrishna Mills Coimbatore Days Inventory Historical Data

The historical data trend for Sri Ramakrishna Mills Coimbatore'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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Sri Ramakrishna Mills Coimbatore Days Inventory Chart

Sri Ramakrishna Mills Coimbatore Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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1,036.96

1,241.55

1,645.30

534.96

539.70

Sri Ramakrishna Mills Coimbatore 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															496.98	470.99	413.49	497.90	610.29

Competitive Comparison of Sri Ramakrishna Mills Coimbatore's Days Inventory

For the Textile Manufacturing subindustry, Sri Ramakrishna Mills Coimbatore'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.

Sri Ramakrishna Mills Coimbatore's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Sri Ramakrishna Mills Coimbatore's Days Inventory falls into.

Sri Ramakrishna Mills Coimbatore Days Inventory Calculation

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

Sri Ramakrishna Mills Coimbatore'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
=	( (379.037	+	349.452)	/	2 )	/	246.341	*	365
=	364.2445					/	246.341	*	365
=	539.70

Sri Ramakrishna Mills Coimbatore'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
=	( (329.481	+	0)	/	1 )	/	49.264	*	365 / 4
=	329.481					/	49.264	*	365 / 4
=	610.29

Sri Ramakrishna Mills Coimbatore (BOM:521178) 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.

Sri Ramakrishna Mills Coimbatore's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	49.264	/	329.481
	=	0.15

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.

Sri Ramakrishna Mills Coimbatore's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	329.481	/	99.961
	=	3.30

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.

Sri Ramakrishna Mills Coimbatore Days Inventory Related Terms

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

Sri Ramakrishna Mills Coimbatore (BOM:521178) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sri Ramakrishna Mills Coimbatore Ltd (BOM:521178) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

No. 1493, Sathyamangalam Road, Ganapathy Post, Coimbatore, TN, IND, 641 006

Website

http://www.ramakrishnamills.com

Sri Ramakrishna Mills Coimbatore Ltd operates in the textile industry. The company offers a wide range of pure cotton and blended yarns. In addition, it is involved in the real estate activities.

Sri Ramakrishna Mills Coimbatore (BOM:521178) Headlines

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