Mohit Industries (BOM:531453) Days Inventory : 102.41 (As of Mar. 2024)

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What is Mohit Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mohit Industries's Average Total Inventories for the three months ended in Mar. 2024 was ₹216 Mil. Mohit Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹192 Mil. Hence, Mohit Industries's Days Inventory for the three months ended in Mar. 2024 was 102.41.

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

BOM:531453' s Days Inventory Range Over the Past 10 Years
Min: 32.27 Med: 53.88 Max: 82.82
Current: 61.65

During the past 13 years, Mohit Industries's highest Days Inventory was 82.82. The lowest was 32.27. And the median was 53.88.

BOM:531453's Days Inventory is ranked better than
81.74% of 1002 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 132.09 vs BOM:531453: 61.65

Mohit Industries's Days Inventory increased from Mar. 2023 (61.35) to Mar. 2024 (102.41). It might indicate that Mohit Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mohit Industries's Inventory Turnover for the three months ended in Mar. 2024 was 0.89.

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. Mohit Industries's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.81.

Mohit Industries Days Inventory Historical Data

The historical data trend for Mohit 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.

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Mohit Industries Days Inventory Chart

Mohit Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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53.14

60.42

56.51

66.64

82.70

Mohit Industries 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															61.35	77.69	64.14	88.99	102.41

Competitive Comparison of Mohit Industries's Days Inventory

For the Textile Manufacturing subindustry, Mohit 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.

Mohit Industries's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Mohit Industries's Days Inventory falls into.

Mohit Industries Days Inventory Calculation

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

Mohit Industries'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
=	( (246.9	+	215.892)	/	2 )	/	1021.219	*	365
=	231.396					/	1021.219	*	365
=	82.70

Mohit Industries'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	+	215.892)	/	1 )	/	192.368	*	365 / 4
=	215.892					/	192.368	*	365 / 4
=	102.41

Mohit Industries (BOM:531453) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	192.368	/	215.892
	=	0.89

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	215.892	/	265.223
	=	0.81

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.

Mohit Industries Days Inventory Related Terms

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

Mohit Industries (BOM:531453) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mohit Industries Ltd (BOM:531453) » Definitions » Days Inventory

Traded in Other Exchanges

MOHITIND:India

Address

Majura Gate, Ring Road, A-601/B, International Trade Centre, Surat, GJ, IND, 395002

Website

https://www.mohitindustries.com

Mohit Industries Ltd is an India-based company engaged in the manufacturing of Yarns and Textile products. The company is engaged in the manufacture of texturized yarn from partially oriented yarn (POY) and the weaving of the yarn to grey cloth. It exports DTY Yarn to South Korea, Thailand, the Czech Republic, Guatemala, Bulgaria, Indonesia, Japan, Vietnam, Malaysia, Mexico, Colombia, UK, Bangladesh, Sweden, Ethiopia and other countries.

Mohit Industries (BOM:531453) Headlines

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