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Garment Mantra Lifestlye (BOM:539216) Days Inventory : 186.40 (As of Sep. 2023)


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What is Garment Mantra Lifestlye Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Garment Mantra Lifestlye's Average Total Inventories for the three months ended in Sep. 2023 was ₹539 Mil. Garment Mantra Lifestlye's Cost of Goods Sold for the three months ended in Sep. 2023 was ₹264 Mil. Hence, Garment Mantra Lifestlye's Days Inventory for the three months ended in Sep. 2023 was 186.40.

The historical rank and industry rank for Garment Mantra Lifestlye's Days Inventory or its related term are showing as below:

BOM:539216' s Days Inventory Range Over the Past 10 Years
Min: 62.11   Med: 116.9   Max: 262.79
Current: 133.96

During the past 9 years, Garment Mantra Lifestlye's highest Days Inventory was 262.79. The lowest was 62.11. And the median was 116.90.

BOM:539216's Days Inventory is ranked worse than
51.64% of 1009 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.68 vs BOM:539216: 133.96

Garment Mantra Lifestlye's Days Inventory increased from Sep. 2022 (162.09) to Sep. 2023 (186.40). It might indicate that Garment Mantra Lifestlye's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Garment Mantra Lifestlye's Inventory Turnover for the three months ended in Sep. 2023 was 0.49.

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. Garment Mantra Lifestlye's Inventory-to-Revenue for the three months ended in Sep. 2023 was 1.63.


Garment Mantra Lifestlye Days Inventory Historical Data

The historical data trend for Garment Mantra Lifestlye'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.

* Premium members only.

Garment Mantra Lifestlye Days Inventory Chart

Garment Mantra Lifestlye Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only 130.99 208.92 134.70 107.23 116.90

Garment Mantra Lifestlye Quarterly Data
Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 162.09 218.65 62.04 174.05 186.40

Competitive Comparison of Garment Mantra Lifestlye's Days Inventory

For the Apparel Manufacturing subindustry, Garment Mantra Lifestlye'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.


Garment Mantra Lifestlye's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Garment Mantra Lifestlye's Days Inventory falls into.



Garment Mantra Lifestlye Days Inventory Calculation

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

Garment Mantra Lifestlye'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
=( (532.06 + 453.536) / 2 ) / 1538.722*365
=492.798 / 1538.722*365
=116.90

Garment Mantra Lifestlye's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

Days Inventory (Q: Sep. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (0 + 539.184) / 1 ) / 263.951*365 / 4
=539.184 / 263.951*365 / 4
=186.40

* 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.


Garment Mantra Lifestlye  (BOM:539216) 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.

Garment Mantra Lifestlye's Inventory Turnover for the three months ended in Sep. 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.

Garment Mantra Lifestlye's Inventory to Revenue for the three months ended in Sep. 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.


Garment Mantra Lifestlye Days Inventory Related Terms

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


Garment Mantra Lifestlye (BOM:539216) Business Description

Traded in Other Exchanges
N/A
Address
Karia Gounder Street, No. 15, Murthy’s Plaza, Khaderpet, Tirupur, TN, IND, 641601
Garment Mantra Lifestlye Ltd is engaged in the business of garment manufacturing and selling of knitted fabric and garments. Geographically, it derives a majority of its revenue from the Domestic market. The products are manufactured for kids, men's, and women's wear. Some of its products are Polo T-Shirts, Round Neck T-Shirts, Sweatshirts, Nightwear, Leggings, Yoga wear, Girls Sleepwear, and others.

Garment Mantra Lifestlye (BOM:539216) Headlines

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