Gini Silk Mills (BOM:531744) Days Inventory : 196.24 (As of Dec. 2023)

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What is Gini Silk Mills Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Gini Silk Mills's Average Total Inventories for the three months ended in Dec. 2023 was ₹71.5 Mil. Gini Silk Mills's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹33.2 Mil. Hence, Gini Silk Mills's Days Inventory for the three months ended in Dec. 2023 was 196.24.

The historical rank and industry rank for Gini Silk Mills's Days Inventory or its related term are showing as below:

BOM:531744' s Days Inventory Range Over the Past 10 Years
Min: 58.97 Med: 68.13 Max: 110.52
Current: 69.96

During the past 13 years, Gini Silk Mills's highest Days Inventory was 110.52. The lowest was 58.97. And the median was 68.13.

BOM:531744's Days Inventory is ranked better than
78.72% of 1001 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 131.33 vs BOM:531744: 69.96

Gini Silk Mills's Days Inventory increased from Dec. 2022 (179.29) to Dec. 2023 (196.24). It might indicate that Gini Silk Mills's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gini Silk Mills's Inventory Turnover for the three months ended in Dec. 2023 was 0.46.

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. Gini Silk Mills's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.68.

Gini Silk Mills Days Inventory Historical Data

The historical data trend for Gini Silk Mills'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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Gini Silk Mills Days Inventory Chart

Gini Silk Mills Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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67.42

68.66

110.52

67.60

65.24

Gini Silk Mills Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															179.29	24.99	224.88	177.15	196.24

Competitive Comparison of Gini Silk Mills's Days Inventory

For the Textile Manufacturing subindustry, Gini Silk Mills'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.

Gini Silk Mills's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Gini Silk Mills's Days Inventory falls into.

Gini Silk Mills Days Inventory Calculation

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

Gini Silk Mills'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
=	( (60.98	+	72.6)	/	2 )	/	373.678	*	365
=	66.79					/	373.678	*	365
=	65.24

Gini Silk Mills's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (71.476	+	0)	/	1 )	/	33.235	*	365 / 4
=	71.476					/	33.235	*	365 / 4
=	196.24

Gini Silk Mills (BOM:531744) 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.

Gini Silk Mills's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	33.235	/	71.476
	=	0.46

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.

Gini Silk Mills's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	71.476	/	104.956
	=	0.68

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.

Gini Silk Mills Days Inventory Related Terms

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

Gini Silk Mills (BOM:531744) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gini Silk Mills Ltd (BOM:531744) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

J. R. Boricha Marg, 413, Tantia Jogani Industrial Estate Premises, Opposite Kasturba Hospital, Sitaram Mill Compound, Lower Parel (East), Mumbai, MH, IND, 400011

Website

https://www.ginitex.com

Gini Silk Mills Ltd is engaged in the textile industry. It offers fabrics including cotton, linens, polyester viscose blends and cotton blends in plains, twills and dobby designs in different finishes. The company provides miniature boxes with combinations of pant and shirt pieces, safaris, and suit lengths for gifting purposes. The company generates the majority of its revenue from the sale of fabrics.

Gini Silk Mills (BOM:531744) Headlines

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