Binny Mills (BOM:535620) Days Inventory : 161.86 (As of Dec. 2023)

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What is Binny Mills Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Binny Mills's Average Total Inventories for the three months ended in Dec. 2023 was ₹16.43 Mil. Binny Mills's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹9.26 Mil. Hence, Binny Mills's Days Inventory for the three months ended in Dec. 2023 was 161.86.

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

BOM:535620' s Days Inventory Range Over the Past 10 Years
Min: 92.3 Med: 125.1 Max: 256.94
Current: 195.52

During the past 12 years, Binny Mills's highest Days Inventory was 256.94. The lowest was 92.30. And the median was 125.10.

BOM:535620's Days Inventory is not ranked
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 130.41 vs BOM:535620: 195.52

Binny Mills's Days Inventory declined from Dec. 2022 (171.05) to Dec. 2023 (161.86).

Inventory Turnover measures how fast the company turns over its inventory within a year. Binny Mills's Inventory Turnover for the three months ended in Dec. 2023 was 0.56.

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. Binny Mills's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.91.

Binny Mills Days Inventory Historical Data

The historical data trend for Binny 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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Binny Mills Days Inventory Chart

Binny Mills Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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113.70

134.72

256.94

164.42

181.41

Binny 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															171.05	265.96	218.03	175.32	161.86

Competitive Comparison of Binny Mills's Days Inventory

For the Textile Manufacturing subindustry, Binny 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.

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

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

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

Binny Mills Days Inventory Calculation

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

Binny 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
=	( (17.413	+	16.15)	/	2 )	/	33.765	*	365
=	16.7815					/	33.765	*	365
=	181.41

Binny 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
=	( (17.167	+	15.691)	/	2 )	/	9.262	*	365 / 4
=	16.429					/	9.262	*	365 / 4
=	161.86

Binny Mills (BOM:535620) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9.262	/	16.429
	=	0.56

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	16.429	/	18.052
	=	0.91

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.

Binny Mills Days Inventory Related Terms

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

Binny Mills (BOM:535620) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Binny Mills Ltd (BOM:535620) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

TCP Sapthagiri Bhavan, New No. 4, Old No. 10, Karpagambal Nagar, Mylapore, Chennai, TN, IND, 600004

Website

https://www.bmlindia.com

Binny Mills Ltd is engaged in the retail trading of textile products. The business activity of the firm is operated through three divisions namely Warehousing, Showrooms, and Textiles. The Warehousing division has rented its warehouses and is deriving rental income from it. The Showrooms are engaged in the retail selling of textile materials and the Textile division is engaged in selling textile materials, particularly uniform materials, bedspreads, and other textile varieties. The company generates the majority of its revenue from the Warehousing division.

Binny Mills (BOM:535620) Headlines

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