The historical rank and industry rank for Alok Industries's Days Inventory or its related term are showing as below:
BOM:521070'
s Days Inventory Range Over the Past 10 Years
Min: 66.55 Med: 104.39 Max: 297.85
Current: 100.83
During the past 13 years, Alok Industries's highest Days Inventory was 297.85. The lowest was 66.55. And the median was 104.39.
BOM:521070's Days Inventory is ranked better than 63.41% of 1003
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 131.33
vs BOM:521070: 100.83
Alok Industries's Days Inventory
increased
from Mar. 2023 (81.91) to Mar. 2024 (85.68).
It might indicate that Alok Industries's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Alok Industries's Inventory Turnover for the
three
months ended in Mar. 2024 was 1.06.
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.
Alok Industries's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.64.
Alok Industries Days Inventory Historical Data
The historical data trend for Alok Industries'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 Alok Industries's Days Inventory
For the Textile Manufacturing subindustry, Alok Industries'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.
Alok Industries's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Alok Industries's Days Inventory distribution charts can be found below:
* The bar in red indicates where Alok Industries's Days Inventory falls into.
Alok Industries Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Alok Industries's Days Inventory for the fiscal year that ended in Mar. 2024 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.
Alok Industries (BOM:521070) 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.
Alok Industries's Inventory Turnover for the
three
months ended in Mar. 2024 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.
Alok Industries's Inventory to Revenue for the
three
months ended in Mar. 2024 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.
Alok Industries Days Inventory Related Terms
Thank you for viewing the detailed overview of Alok Industries's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Alok Industries Ltd is an Indian textile company. The company is engaged in the manufacturing of textile, including mending and packing activities; leather, and other apparel products. Its divisions include Spinning, such as cotton yarn; Home Textiles, such as sheeting fabric, equivalent sheet sets, and terry towels; Apparel Fabrics, such as woven fabric (includes embroidery) and knits; Garments, and Polyester, such as continuous polymerization, partially oriented yarn (POY)/chip, draw texturized yarn (DTY), fully drawn yarn (FDY), polyester staple fiber/cationic yarn and masterbatch. Geographically, it derives a majority of revenue from India. The company generates the majority of its revenue from the Home Textiles product group.
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