Amin Tannery (BOM:541771) Days Inventory : 658.14 (As of Sep. 2023)

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What is Amin Tannery Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Amin Tannery's Average Total Inventories for the three months ended in Sep. 2023 was ₹461.1 Mil. Amin Tannery's Cost of Goods Sold for the three months ended in Sep. 2023 was ₹63.9 Mil. Hence, Amin Tannery's Days Inventory for the three months ended in Sep. 2023 was 658.14.

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

BOM:541771' s Days Inventory Range Over the Past 10 Years
Min: 320.44 Med: 423.57 Max: 599.81
Current: 400.32

During the past 10 years, Amin Tannery's highest Days Inventory was 599.81. The lowest was 320.44. And the median was 423.57.

BOM:541771's Days Inventory is ranked worse than
93.47% of 1010 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.41 vs BOM:541771: 400.32

Amin Tannery's Days Inventory increased from Sep. 2022 (510.86) to Sep. 2023 (658.14). It might indicate that Amin Tannery's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Amin Tannery's Inventory Turnover for the three months ended in Sep. 2023 was 0.14.

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. Amin Tannery's Inventory-to-Revenue for the three months ended in Sep. 2023 was 4.56.

Amin Tannery Days Inventory Historical Data

The historical data trend for Amin Tannery'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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Amin Tannery Days Inventory Chart

Amin Tannery Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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391.82

467.98

599.81

455.31

381.20

Amin Tannery Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															510.86	450.50	249.01	453.11	658.14

Competitive Comparison of Amin Tannery's Days Inventory

For the Footwear & Accessories subindustry, Amin Tannery'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.

Amin Tannery's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Amin Tannery's Days Inventory falls into.

Amin Tannery Days Inventory Calculation

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

Amin Tannery'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
=	( (413.797	+	461.442)	/	2 )	/	419.027	*	365
=	437.6195					/	419.027	*	365
=	381.20

Amin Tannery's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	461.087)	/	1 )	/	63.929	*	365 / 4
=	461.087					/	63.929	*	365 / 4
=	658.14

Amin Tannery (BOM:541771) 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.

Amin Tannery's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	63.929	/	461.087
	=	0.14

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.

Amin Tannery's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	461.087	/	101.109
	=	4.56

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.

Amin Tannery Days Inventory Related Terms

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

Amin Tannery (BOM:541771) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Amin Tannery Ltd (BOM:541771) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

15/288 C, Civil Lines, Kanpur, UP, IND, 208001

Website

https://www.amintannery.in

Amin Tannery Ltd is an Indian-Based manufacturer and exporter of finished leather and leather shoes. It is engaged in the sale, purchase, manufacturing, refining, export, import, and deals as an agent in all classes of leather, hides, skins, and all chemicals and other materials required for converting hides and skins into leather and the business of tanners, curriers, hide and skin merchants. Its products offering includes finished leather and leather shoes including shoes and boots.

Amin Tannery (BOM:541771) Headlines

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