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Safko Spinning Mills (DHA:SAFKOSPINN) Days Inventory : 368.55 (As of Mar. 2024)


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What is Safko Spinning Mills Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Safko Spinning Mills's Average Total Inventories for the three months ended in Mar. 2024 was BDT236.8 Mil. Safko Spinning Mills's Cost of Goods Sold for the three months ended in Mar. 2024 was BDT58.6 Mil. Hence, Safko Spinning Mills's Days Inventory for the three months ended in Mar. 2024 was 368.55.

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

DHA:SAFKOSPINN' s Days Inventory Range Over the Past 10 Years
Min: 206.55   Med: 291.3   Max: 377.51
Current: 341.99

During the past 13 years, Safko Spinning Mills's highest Days Inventory was 377.51. The lowest was 206.55. And the median was 291.30.

DHA:SAFKOSPINN's Days Inventory is ranked worse than
91.21% of 1001 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 131.33 vs DHA:SAFKOSPINN: 341.99

Safko Spinning Mills's Days Inventory declined from Mar. 2023 (867.63) to Mar. 2024 (368.55).

Inventory Turnover measures how fast the company turns over its inventory within a year. Safko Spinning Mills's Inventory Turnover for the three months ended in Mar. 2024 was 0.25.

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. Safko Spinning Mills's Inventory-to-Revenue for the three months ended in Mar. 2024 was 51.71.


Safko Spinning Mills Days Inventory Historical Data

The historical data trend for Safko Spinning 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.

* Premium members only.

Safko Spinning Mills Days Inventory Chart

Safko Spinning Mills Annual Data
Trend Dec14 Dec15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 270.13 377.51 326.58 252.47 344.67

Safko Spinning Mills 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 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 867.63 241.31 556.58 381.68 368.55

Competitive Comparison of Safko Spinning Mills's Days Inventory

For the Textile Manufacturing subindustry, Safko Spinning 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.


Safko Spinning Mills's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Safko Spinning Mills's Days Inventory falls into.



Safko Spinning Mills Days Inventory Calculation

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

Safko Spinning Mills's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

Days Inventory (A: Jun. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jun. 2022 ) + Total Inventories (A: Jun. 2023 )) / count ) / Cost of Goods Sold (A: Jun. 2023 )*Days in Period
=( (382.794 + 366.863) / 2 ) / 396.943*365
=374.8285 / 396.943*365
=344.67

Safko Spinning Mills'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
=( (289.209 + 184.315) / 2 ) / 58.621*365 / 4
=236.762 / 58.621*365 / 4
=368.55

* 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.


Safko Spinning Mills  (DHA:SAFKOSPINN) 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.

Safko Spinning Mills'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.

Safko Spinning Mills'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.


Safko Spinning Mills Days Inventory Related Terms

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


Safko Spinning Mills (DHA:SAFKOSPINN) Business Description

Traded in Other Exchanges
N/A
Address
House No. 10, Road No. 1, Bloack B (6th Floor), Niketon, Gulshan, Dhaka, BGD, 1212
Safko Spinning Mills Ltd is Bangladesh based company engages in producing various type of yarn. The company's business operation is involved in manufacturing cotton yarn, polyester, cotton blended yarn, synthetic yarn, and other yarns for sale and export purposes. It produces cotton and polyester yarns for the domestic and export market.

Safko Spinning Mills (DHA:SAFKOSPINN) Headlines

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