Vardhman Polytex (BOM:514175) Days Inventory : 26.92 (As of Mar. 2024)

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What is Vardhman Polytex Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Vardhman Polytex's Average Total Inventories for the three months ended in Mar. 2024 was ₹168 Mil. Vardhman Polytex's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹570 Mil. Hence, Vardhman Polytex's Days Inventory for the three months ended in Mar. 2024 was 26.92.

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

BOM:514175' s Days Inventory Range Over the Past 10 Years
Min: 16.39 Med: 19.85 Max: 69.04
Current: 17.77

During the past 13 years, Vardhman Polytex's highest Days Inventory was 69.04. The lowest was 16.39. And the median was 19.85.

BOM:514175's Days Inventory is ranked better than
96% of 1001 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 131.33 vs BOM:514175: 17.77

Vardhman Polytex's Days Inventory increased from Mar. 2023 (10.03) to Mar. 2024 (26.92). It might indicate that Vardhman Polytex's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Vardhman Polytex's Inventory Turnover for the three months ended in Mar. 2024 was 3.39.

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. Vardhman Polytex's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.23.

Vardhman Polytex Days Inventory Historical Data

The historical data trend for Vardhman Polytex'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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Vardhman Polytex Days Inventory Chart

Vardhman Polytex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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17.27

19.16

16.39

20.54

18.38

Vardhman Polytex Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															10.03	12.85	13.84	23.28	26.92

Competitive Comparison of Vardhman Polytex's Days Inventory

For the Textile Manufacturing subindustry, Vardhman Polytex'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.

Vardhman Polytex's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Vardhman Polytex's Days Inventory falls into.

Vardhman Polytex Days Inventory Calculation

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

Vardhman Polytex's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

	Days Inventory (A: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (159.272	+	168.123)	/	2 )	/	3250.657	*	365
=	163.6975					/	3250.657	*	365
=	18.38

Vardhman Polytex's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	168.123)	/	1 )	/	569.794	*	365 / 4
=	168.123					/	569.794	*	365 / 4
=	26.92

Vardhman Polytex (BOM:514175) 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.

Vardhman Polytex's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	569.794	/	168.123
	=	3.39

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.

Vardhman Polytex's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	168.123	/	736.854
	=	0.23

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.

Vardhman Polytex Days Inventory Related Terms

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

Vardhman Polytex (BOM:514175) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Vardhman Polytex Ltd (BOM:514175) » Definitions » Days Inventory

Traded in Other Exchanges

VARDMNPOLY:India

Address

Chandigarh Road, Vardhman Park, Ludhiana, PB, IND, 141123

Website

http://www.oswalgroup.com

Vardhman Polytex Ltd is an Indian company operating in the Textile industry. The company is engaged in the manufacturing and export of cotton fabric and branded yarn. It is also engaged in the Real Estate business. It has production facilities located in Bathinda, Ludhiana, and Nalagarh in India. The Company's principal activity is manufacturing of yarn & garments. Its product range includes yarns, fabrics, and garments including compact yarns, Organic Cotton Yarns, Dyed Yarns, polo t-shirts, round neck t-shirts, hoodies, and sweatshirts for men, women, and kids. It generates the majority of the revenue from the Textile Business. Geographically it covers the Indian and International Market.

Vardhman Polytex (BOM:514175) Headlines

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