The historical rank and industry rank for Garware Hi-Tech Films's Days Inventory or its related term are showing as below:
BOM:500655'
s Days Inventory Range Over the Past 10 Years
Min: 65.9 Med: 93 Max: 111.02
Current: 101.32
During the past 13 years, Garware Hi-Tech Films's highest Days Inventory was 111.02. The lowest was 65.90. And the median was 93.00.
BOM:500655's Days Inventory is ranked worse than 62.13% of 1492
companies
in the Chemicals industry
Industry Median: 83.1
vs BOM:500655: 101.32
Garware Hi-Tech Films's Days Inventory
declined
from Dec. 2022 (162.13) to Dec. 2023 (96.37).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Garware Hi-Tech Films's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.95.
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.
Garware Hi-Tech Films's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.53.
Garware Hi-Tech Films Days Inventory Historical Data
The historical data trend for Garware Hi-Tech Films'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.
Competitive Comparison of Garware Hi-Tech Films's Days Inventory
For the Specialty Chemicals subindustry, Garware Hi-Tech Films'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.
Garware Hi-Tech Films's Days Inventory Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Garware Hi-Tech Films's Days Inventory distribution charts can be found below:
* The bar in red indicates where Garware Hi-Tech Films's Days Inventory falls into.
Garware Hi-Tech Films Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Garware Hi-Tech Films's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
Garware Hi-Tech Films (BOM:500655) 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.
Garware Hi-Tech Films's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Garware Hi-Tech Films's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
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.
Garware Hi-Tech Films Days Inventory Related Terms
Thank you for viewing the detailed overview of Garware Hi-Tech Films's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Garware Hi-Tech Films (BOM:500655) Business Description
Garware Hi-Tech Films Ltd is engaged in the business of manufacturing of Polyester Films. Geographically, it derives a majority of revenue from India. The company manufactures Bi-axially Oriented Polyethylene Terephthalate (BOPET)/Polyester Films, Sun Control Films, Thermal Lamination Films, and Specialty Polyester Films. It also manufactures premium grade heat rejection films based on the latest IR Rejection Technology. These products are used in packaging, electrical and motor and cable insulations, shrink film for label application, colored polyester films for window tint application, sequin, and safety. Geographically, it derives a majority of revenue from the Rest of the world.
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