H P Cotton Textile Mills (BOM:502873) Inventory Turnover : 0.26 (As of Mar. 2024)

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What is H P Cotton Textile Mills Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. H P Cotton Textile Mills's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹76.3 Mil. H P Cotton Textile Mills's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹290.1 Mil. H P Cotton Textile Mills's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. H P Cotton Textile Mills's Days Inventory for the three months ended in Mar. 2024 was 346.94.

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. H P Cotton Textile Mills's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.52.

H P Cotton Textile Mills Inventory Turnover Historical Data

The historical data trend for H P Cotton Textile Mills's Inventory Turnover 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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H P Cotton Textile Mills Inventory Turnover Chart

H P Cotton Textile Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.40

1.54

1.91

1.32

1.24

H P Cotton Textile Mills Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.24	0.38	0.19	0.35	0.26

H P Cotton Textile Mills Inventory Turnover Calculation

H P Cotton Textile Mills's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	378.1	/ (	(320.353	+	290.1)	/	2 )
=	378.1	/	305.2265
=	1.24

H P Cotton Textile Mills's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	76.3	/ (	(0	+	290.1)	/	1 )
=	76.3	/	290.1
=	0.26

H P Cotton Textile Mills (BOM:502873) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

H P Cotton Textile Mills's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	290.1	/	76.3	*	365 / 4
	=	346.94

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.

H P Cotton Textile Mills's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	290.1	/	190.8
	=	1.52

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

H P Cotton Textile Mills Inventory Turnover Related Terms

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H P Cotton Textile Mills (BOM:502873) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » H P Cotton Textile Mills Ltd (BOM:502873) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

1 & 2, Old Ishwar Nagar, Mathura Road, F (0), The Mira Corporate Suites, New Delhi, IND, 110065

Website

https://www.hpthreads.com

H P Cotton Textile Mills Ltd manufactures cotton yarns and threads and is an exporter of cotton specialty yarns and cotton sewing threads. It manufactures two types of threads namely sewing threads and hosiery yarn. Its product portfolio includes Crocheta Crochet Threads, Peecock Hand Knitting Yarn, Embroidery Threads, Lace Threads, Patchwork and Quilting, Kite Flying Thread, Cotton Sewing Threads, and Mercerized Cotton RFD Threads. Geographically, the company generates sales from India as well as outside India. It generates a vast majority of the revenues from sewing thread products from outside India.

H P Cotton Textile Mills (BOM:502873) Headlines

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