Globe Textiles (India) (NSE:GLOBE) Days Inventory : 110.93 (As of Dec. 2023)

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What is Globe Textiles (India) Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Globe Textiles (India)'s Average Total Inventories for the three months ended in Dec. 2023 was ₹943 Mil. Globe Textiles (India)'s Cost of Goods Sold for the three months ended in Dec. 2023 was ₹776 Mil. Hence, Globe Textiles (India)'s Days Inventory for the three months ended in Dec. 2023 was 110.93.

The historical rank and industry rank for Globe Textiles (India)'s Days Inventory or its related term are showing as below:

NSE:GLOBE' s Days Inventory Range Over the Past 10 Years
Min: 56.14 Med: 73.02 Max: 91.69
Current: 84.51

During the past 12 years, Globe Textiles (India)'s highest Days Inventory was 91.69. The lowest was 56.14. And the median was 73.02.

NSE:GLOBE's Days Inventory is ranked better than
71.78% of 1003 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 131.33 vs NSE:GLOBE: 84.51

Globe Textiles (India)'s Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (110.93). It might indicate that Globe Textiles (India)'s sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Globe Textiles (India)'s Inventory Turnover for the three months ended in Dec. 2023 was 0.82.

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. Globe Textiles (India)'s Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.02.

Globe Textiles (India) Days Inventory Historical Data

The historical data trend for Globe Textiles (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.

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Globe Textiles (India) Days Inventory Chart

Globe Textiles (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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74.27

82.22

91.69

77.81

88.90

Globe Textiles (India) Quarterly Data
	Sep18	Mar19	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															-	76.66	66.31	93.75	110.93

Competitive Comparison of Globe Textiles (India)'s Days Inventory

For the Textile Manufacturing subindustry, Globe Textiles (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.

Globe Textiles (India)'s Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Globe Textiles (India)'s Days Inventory falls into.

Globe Textiles (India) Days Inventory Calculation

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

Globe Textiles (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
=	( (852.465	+	842.294)	/	2 )	/	3479.312	*	365
=	847.3795					/	3479.312	*	365
=	88.90

Globe Textiles (India)'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
=	( (943.357	+	0)	/	1 )	/	775.966	*	365 / 4
=	943.357					/	775.966	*	365 / 4
=	110.93

Globe Textiles (India) (NSE:GLOBE) 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.

Globe Textiles (India)'s Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	775.966	/	943.357
	=	0.82

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.

Globe Textiles (India)'s Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	943.357	/	928.296
	=	1.02

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.

Globe Textiles (India) Days Inventory Related Terms

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

Globe Textiles (India) (NSE:GLOBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Globe Textiles (India) Ltd (NSE:GLOBE) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Ahmedabad Apparel Park, Plot No. 38 to 41, GIDC Khokhra, Ahmedabad, GJ, IND, 380008

Website

http://www.globetextiles.net

Globe Textiles (India) Ltd manufactures, supplies, and trades textile and apparel products and services from fiber to fashion. The company products include Denim and Non-Denim Fabrics, Shirting Fabrics, Printed Fabrics, Home Textiles, Jeans, and Yarns. The company has its operations in India and outside India.

Globe Textiles (India) (NSE:GLOBE) Headlines

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