India Tourism Development (BOM:532189) Inventory Turnover : 5.75 (As of Mar. 2024)

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What is India Tourism Development 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. India Tourism Development's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹730 Mil. India Tourism Development's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹127 Mil. India Tourism Development's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. India Tourism Development's Days Inventory for the three months ended in Mar. 2024 was 15.86.

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. India Tourism Development's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.09.

India Tourism Development Inventory Turnover Historical Data

The historical data trend for India Tourism Development'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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India Tourism Development Inventory Turnover Chart

India Tourism Development Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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19.74

12.22

16.12

22.07

23.30

India Tourism Development 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															7.40	5.73	6.22	6.27	5.75

India Tourism Development Inventory Turnover Calculation

India Tourism Development'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 )
=	2688.194	/ (	(103.89	+	126.824)	/	2 )
=	2688.194	/	115.357
=	23.30

India Tourism Development'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 )
=	729.511	/ (	(0	+	126.824)	/	1 )
=	729.511	/	126.824
=	5.75

India Tourism Development (BOM:532189) 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.

India Tourism Development'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
	=	126.824	/	729.511	*	365 / 4
	=	15.86

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.

India Tourism Development'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 )
	=	126.824	/	1478.816
	=	0.09

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.

India Tourism Development Inventory Turnover Related Terms

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India Tourism Development (BOM:532189) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » India Tourism Development Corp Ltd (BOM:532189) » Definitions » Inventory Turnover

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ITDC:India

Address

7 Lodi Road, Scope Complex, Core 8, 6th Floor, New Delhi, IND, 110003

Website

https://www.itdc.co.in

India Tourism Development Corp Ltd operates in the hotel industry. The company's operating segment includes Hotel/Restaurant Operations; Duty Free Shops Operations; Travel and Tour Operations; Ashok Events and Misc. Operations; Construction, Consultancy and SEL Projects and Others. It generates maximum revenue from the Hotel/Restaurant Operations segment.

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