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Priti International (NSE:PRITI) Days Inventory : 75.81 (As of Mar. 2024)


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What is Priti International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Priti International's Average Total Inventories for the three months ended in Mar. 2024 was ₹206.3 Mil. Priti International's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹248.3 Mil. Hence, Priti International's Days Inventory for the three months ended in Mar. 2024 was 75.81.

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

NSE:PRITI' s Days Inventory Range Over the Past 10 Years
Min: 18.89   Med: 63.95   Max: 92.62
Current: 81.95

During the past 12 years, Priti International's highest Days Inventory was 92.62. The lowest was 18.89. And the median was 63.95.

NSE:PRITI's Days Inventory is ranked better than
61.54% of 403 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 104.35 vs NSE:PRITI: 81.95

Priti International's Days Inventory increased from Mar. 2023 (26.43) to Mar. 2024 (75.81). It might indicate that Priti International'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. Priti International's Inventory Turnover for the three months ended in Mar. 2024 was 1.20.

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. Priti International's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.69.


Priti International Days Inventory Historical Data

The historical data trend for Priti International'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.

Priti International Days Inventory Chart

Priti International Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.69 48.45 52.83 39.79 75.53

Priti International Quarterly Data
Dec17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 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 26.43 50.31 108.16 107.21 75.81

Competitive Comparison of Priti International's Days Inventory

For the Furnishings, Fixtures & Appliances subindustry, Priti International'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.


Priti International's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Priti International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Priti International's Days Inventory falls into.



Priti International Days Inventory Calculation

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

Priti International's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

Days Inventory (A: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2023 ) + Total Inventories (A: Mar. 2024 )) / count ) / Cost of Goods Sold (A: Mar. 2024 )*Days in Period
=( (66.693 + 206.292) / 2 ) / 659.618*365
=136.4925 / 659.618*365
=75.53

Priti International'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
=( (0 + 206.292) / 1 ) / 248.304*365 / 4
=206.292 / 248.304*365 / 4
=75.81

* 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.


Priti International  (NSE:PRITI) 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.

Priti International'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.

Priti International'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.


Priti International Days Inventory Related Terms

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


Priti International (NSE:PRITI) Business Description

Traded in Other Exchanges
N/A
Address
1, Basement, Abhay Chambers Opposite SBI Bank, Jalori Gate, Jodhpur, RJ, IND, 342001
Priti International Ltd is engaged in the manufacturing and exporting of handicraft products. It offers a wide range of products including solid wood and metal furniture articles, home furnishing items, creative wooden and metal articles for various uses, textile-based products like cushions, pillow covers, rugs and carpets, handbags, travel bags and backpacks, and pet products. The company's operating segment includes Wooden and Iron Handicraft and Textile Handicraft. It generates maximum revenue from the Wooden and Iron Handicraft segment.

Priti International (NSE:PRITI) Headlines

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