Karnika Industries (NSE:KARNIKA) Days Inventory : 136.42 (As of Mar. 2023)

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What is Karnika Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Karnika Industries's Average Total Inventories for the six months ended in Mar. 2023 was ₹381 Mil. Karnika Industries's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹1,019 Mil. Hence, Karnika Industries's Days Inventory for the six months ended in Mar. 2023 was 68.21.

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

NSE:KARNIKA' s Days Inventory Range Over the Past 10 Years
Min: 86.35 Med: 99.18 Max: 136.42
Current: 136.42

During the past 3 years, Karnika Industries's highest Days Inventory was 136.42. The lowest was 86.35. And the median was 99.18.

NSE:KARNIKA's Days Inventory is ranked worse than
52.87% of 1012 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.41 vs NSE:KARNIKA: 136.42

Karnika Industries's Days Inventory increased from Mar. 2021 (99.18) to Mar. 2023 (136.42). It might indicate that Karnika Industries'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. Karnika Industries's Inventory Turnover for the six months ended in Mar. 2023 was 2.68.

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. Karnika Industries's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.29.

Karnika Industries Days Inventory Historical Data

The historical data trend for Karnika Industries'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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Karnika Industries Days Inventory Chart

Karnika Industries Annual Data

Trend

Mar21

Mar22

Mar23

Days Inventory

99.18

86.35

136.42

Karnika Industries Semi-Annual Data
	Mar21	Mar22	Mar23
Days Inventory	99.18	86.35	136.42

Competitive Comparison of Karnika Industries's Days Inventory

For the Apparel Manufacturing subindustry, Karnika Industries'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.

Karnika Industries's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Karnika Industries's Days Inventory falls into.

Karnika Industries Days Inventory Calculation

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

Karnika Industries'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
=	( (276.248	+	485.366)	/	2 )	/	1018.903	*	365
=	380.807					/	1018.903	*	365
=	136.42

Karnika Industries'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: Mar. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (276.248	+	485.366)	/	2 )	/	1018.903	*	365 / 2
=	380.807					/	1018.903	*	365 / 2
=	68.21

Karnika Industries (NSE:KARNIKA) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1018.903	/	380.807
	=	2.68

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	380.807	/	1309.595
	=	0.29

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.

Karnika Industries Days Inventory Related Terms

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

Karnika Industries (NSE:KARNIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Karnika Industries Ltd (NSE:KARNIKA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gurgola Ghat Road P.O. Salkia Howrah, 6&6/1, Kolkata, WB, IND, 711106

Website

http://www.karnikaindustries.com

Karnika Industries Ltd is an ISO 14001:2015 certified manufacturer through job work, trader and exporter of garments. It manufactures all types of kids wear through job work, i.e., shorts, joggers, capri, tees, rompers, sleepsuits, pyjamas, winter wear, infant wear, etc. It has constructed well-established manufacturing units for designing, preparation of the sample, quality inspection, ironing and packing of Garments that are equipped with all the necessary hi-tech machines and tools that are required for a modern manufacturing unit.

Karnika Industries (NSE:KARNIKA) Headlines

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