Jet Knitwears (NSE:JETKNIT) Days Inventory : 276.06 (As of Mar. 2023)

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What is Jet Knitwears Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jet Knitwears's Average Total Inventories for the six months ended in Mar. 2023 was ₹186.8 Mil. Jet Knitwears's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹123.5 Mil. Hence, Jet Knitwears's Days Inventory for the six months ended in Mar. 2023 was 276.06.

The historical rank and industry rank for Jet Knitwears's Days Inventory or its related term are showing as below:

NSE:JETKNIT' s Days Inventory Range Over the Past 10 Years
Min: 56.22 Med: 87.81 Max: 268.01
Current: 268.01

During the past 12 years, Jet Knitwears's highest Days Inventory was 268.01. The lowest was 56.22. And the median was 87.81.

NSE:JETKNIT's Days Inventory is ranked worse than
84.94% of 1009 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.68 vs NSE:JETKNIT: 268.01

Jet Knitwears's Days Inventory increased from Mar. 2022 (219.25) to Mar. 2023 (276.06). It might indicate that Jet Knitwears's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jet Knitwears's Inventory Turnover for the six months ended in Mar. 2023 was 0.66.

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. Jet Knitwears's Inventory-to-Revenue for the six months ended in Mar. 2023 was 1.06.

Jet Knitwears Days Inventory Historical Data

The historical data trend for Jet Knitwears'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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Jet Knitwears Days Inventory Chart

Jet Knitwears Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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92.95

114.26

164.28

213.36

267.35

Jet Knitwears Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Days Inventory	Get a 7-Day Free Trial														158.93	194.38	219.25	261.37	276.06

Competitive Comparison of Jet Knitwears's Days Inventory

For the Apparel Manufacturing subindustry, Jet Knitwears'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.

Jet Knitwears's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Jet Knitwears's Days Inventory falls into.

Jet Knitwears Days Inventory Calculation

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

Jet Knitwears'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
=	( (199.354	+	181.621)	/	2 )	/	260.062	*	365
=	190.4875					/	260.062	*	365
=	267.35

Jet Knitwears's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (191.897	+	181.621)	/	2 )	/	123.466	*	365 / 2
=	186.759					/	123.466	*	365 / 2
=	276.06

Jet Knitwears (NSE:JETKNIT) 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.

Jet Knitwears's Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	123.466	/	186.759
	=	0.66

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.

Jet Knitwears's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	186.759	/	175.492
	=	1.06

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.

Jet Knitwears Days Inventory Related Terms

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

Jet Knitwears (NSE:JETKNIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Jet Knitwears Ltd (NSE:JETKNIT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

119/410 B-1, Darshan Purwa, Kanpur, UP, IND, 208012

Website

https://www.jetlycot.com

Jet Knitwears Ltd is engaged in manufacturing of textile Items, other knitted and crocheted apparel including hosiery. It offers intimate garments for men, women, and children. The company's products include such as vests, briefs, brassiere, panties, socks, t-shirts and casual wears.

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