Primech Holdings (Primech Holdings) Days Inventory : 0.57 (As of Sep. 2023)

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What is Primech Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Primech Holdings's Average Total Inventories for the six months ended in Sep. 2023 was $0.10 Mil. Primech Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was $31.01 Mil. Hence, Primech Holdings's Days Inventory for the six months ended in Sep. 2023 was 0.57.

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

PMEC' s Days Inventory Range Over the Past 10 Years
Min: 0.57 Med: 2.34 Max: 4.38
Current: 0.57

During the past 4 years, Primech Holdings's highest Days Inventory was 4.38. The lowest was 0.57. And the median was 2.34.

PMEC's Days Inventory is ranked better than
92.8% of 681 companies
in the Business Services industry
Industry Median: 29.77 vs PMEC: 0.57

Primech Holdings's Days Inventory declined from Sep. 2022 (0.71) to Sep. 2023 (0.57).

Inventory Turnover measures how fast the company turns over its inventory within a year. Primech Holdings's Inventory Turnover for the six months ended in Sep. 2023 was 319.71.

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. Primech Holdings's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.00.

Primech Holdings Days Inventory Historical Data

The historical data trend for Primech Holdings'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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Primech Holdings Days Inventory Chart

Primech Holdings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Inventory

4.38

2.34

0.89

Primech Holdings Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial			2.84	1.37	0.71	0.73	0.57

Competitive Comparison of Primech Holdings's Days Inventory

For the Specialty Business Services subindustry, Primech Holdings'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.

Primech Holdings's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Primech Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Primech Holdings's Days Inventory falls into.

Primech Holdings Days Inventory Calculation

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

Primech Holdings'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
=	( (0.144	+	0.141)	/	2 )	/	58.41	*	365
=	0.1425					/	58.41	*	365
=	0.89

Primech Holdings'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
=	( (0.141	+	0.053)	/	2 )	/	31.012	*	365 / 2
=	0.097					/	31.012	*	365 / 2
=	0.57

Primech Holdings (NAS:PMEC) 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.

Primech Holdings's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	31.012	/	0.097
	=	319.71

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.

Primech Holdings's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.097	/	35.161
	=	0.00

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.

Primech Holdings Days Inventory Related Terms

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

Primech Holdings (Primech Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Primech Holdings Ltd (NAS:PMEC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Ubi Crescent, Singapore, SGP, 408579

Website

https://www.primechholdings.com

Primech Holdings Ltd is a technology-driven facilities services provider in the public and private sectors operating mainly in Singapore. The services offered by the company include Facilities services, Stewarding services, Cleaning services to offices, Cleaning services to homes, and Cleaning Supplies.

Primech Holdings (Primech Holdings) Headlines

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