Olympia Industries (BOM:521105) Inventory Turnover : 0.57 (As of Dec. 2023)

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What is Olympia Industries 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. Olympia Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹512 Mil. Olympia Industries's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹895 Mil. Olympia Industries's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Olympia Industries's Days Inventory for the three months ended in Dec. 2023 was 159.56.

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. Olympia Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.55.

Olympia Industries Inventory Turnover Historical Data

The historical data trend for Olympia Industries'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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Olympia Industries Inventory Turnover Chart

Olympia Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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3.07

3.15

2.79

5.60

5.19

Olympia Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.55	0.57	0.40	0.39	0.57

Olympia Industries Inventory Turnover Calculation

Olympia Industries's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	3506.926	/ (	(596.688	+	755.601)	/	2 )
=	3506.926	/	676.1445
=	5.19

Olympia Industries's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	512.085	/ (	(895.438	+	0)	/	1 )
=	512.085	/	895.438
=	0.57

Olympia Industries (BOM:521105) 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.

Olympia Industries's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	895.438	/	512.085	*	365 / 4
	=	159.56

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.

Olympia Industries's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	895.438	/	578.473
	=	1.55

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.

Olympia Industries Inventory Turnover Related Terms

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Olympia Industries (BOM:521105) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Olympia Industries Ltd (BOM:521105) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

C-205, Synthofine Industrial Estate, Behind Virwani Industrial Estate, Goregaon (East), Mumbai, MH, IND, 400063

Website

https://www.olympiaindustriesltd.com

Olympia Industries Ltd is engaged in the areas of E-commerce, Brand Store Management, B2B e-commerce, B2C e-commerce, General Trade, and Morden Trade, the company has started engagements in D2C E-commerce as well. The company has achieved results in the existing categories like Baby Care, Domestic Appliances, Electronic, Gourmet, Health Care, Home and Kitchen Appliances, Luggage and Personal care appliances, pet products, etc. Further, the company has expanded its private-label brand "UMANAC". It has served products in a wide range of categories such as Personal Care Appliances, Gourmet, Dry Fruits and Berries, Dry sheets, and Health Care. The company operates under a single segment which is trading and a single geography which is India.

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