AB Cotspin India (NSE:ABCOTS) Days Inventory : 84.88 (As of Sep. 2023)

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What is AB Cotspin India Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). AB Cotspin India's Average Total Inventories for the six months ended in Sep. 2023 was ₹391 Mil. AB Cotspin India's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹840 Mil. Hence, AB Cotspin India's Days Inventory for the six months ended in Sep. 2023 was 84.88.

The historical rank and industry rank for AB Cotspin India's Days Inventory or its related term are showing as below:

NSE:ABCOTS' s Days Inventory Range Over the Past 10 Years
Min: 65.08 Med: 75.79 Max: 88.2
Current: 65.08

During the past 5 years, AB Cotspin India's highest Days Inventory was 88.20. The lowest was 65.08. And the median was 75.79.

NSE:ABCOTS's Days Inventory is ranked better than
80% of 1010 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.685 vs NSE:ABCOTS: 65.08

AB Cotspin India's Days Inventory increased from Sep. 2022 (51.41) to Sep. 2023 (84.88). It might indicate that AB Cotspin India's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. AB Cotspin India's Inventory Turnover for the six months ended in Sep. 2023 was 2.15.

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. AB Cotspin India's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.35.

AB Cotspin India Days Inventory Historical Data

The historical data trend for AB Cotspin India'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.

AB Cotspin India Days Inventory Chart

AB Cotspin India Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

65.79

84.98

88.20

72.84

75.79

AB Cotspin India Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial			59.59	110.50	51.41	59.30	84.88

Competitive Comparison of AB Cotspin India's Days Inventory

For the Textile Manufacturing subindustry, AB Cotspin India'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.

AB Cotspin India's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where AB Cotspin India's Days Inventory falls into.

AB Cotspin India Days Inventory Calculation

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

AB Cotspin India'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
=	( (184.154	+	435.605)	/	2 )	/	1492.335	*	365
=	309.8795					/	1492.335	*	365
=	75.79

AB Cotspin India'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: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (435.605	+	345.945)	/	2 )	/	840.162	*	365 / 2
=	390.775					/	840.162	*	365 / 2
=	84.88

AB Cotspin India (NSE:ABCOTS) 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.

AB Cotspin India's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	840.162	/	390.775
	=	2.15

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.

AB Cotspin India's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	390.775	/	1110.153
	=	0.35

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.

AB Cotspin India Days Inventory Related Terms

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

AB Cotspin India (NSE:ABCOTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » AB Cotspin India Ltd (NSE:ABCOTS) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Goniana Road, NH-54, Near lake-3, Bathinda, PB, IND, 151001

Website

https://www.abcotspin.com

AB Cotspin India Ltd has one segment of activity namely Cotton Ginning. Revenue is generated from the sale of products. The company is engaged in manufacturing cotton yarns & fabrics both combed and karded, knitted fabric, cottonseed oil and oilcake catering to the requirements of niche customers who in turn are engaged in making garments for their international buyers.

AB Cotspin India (NSE:ABCOTS) Headlines

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