Gokaldas Exports (BOM:532630) Inventory Turnover : 0.67 (As of Mar. 2024)

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What is Gokaldas Exports 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. Gokaldas Exports's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹4,038 Mil. Gokaldas Exports's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹6,036 Mil. Gokaldas Exports's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gokaldas Exports's Days Inventory for the three months ended in Mar. 2024 was 136.42.

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. Gokaldas Exports's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.74.

Gokaldas Exports Inventory Turnover Historical Data

The historical data trend for Gokaldas Exports'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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Gokaldas Exports Inventory Turnover Chart

Gokaldas Exports Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.61

2.30

2.64

3.27

2.55

Gokaldas Exports 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															0.95	0.87	1.06	1.11	0.67

Gokaldas Exports Inventory Turnover Calculation

Gokaldas Exports'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 )
=	11433.456	/ (	(2929.922	+	6036.023)	/	2 )
=	11433.456	/	4482.9725
=	2.55

Gokaldas Exports'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 )
=	4037.582	/ (	(0	+	6036.023)	/	1 )
=	4037.582	/	6036.023
=	0.67

Gokaldas Exports (BOM:532630) 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.

Gokaldas Exports'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
	=	6036.023	/	4037.582	*	365 / 4
	=	136.42

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.

Gokaldas Exports'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 )
	=	6036.023	/	8124.187
	=	0.74

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.

Gokaldas Exports Inventory Turnover Related Terms

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Gokaldas Exports (BOM:532630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gokaldas Exports Ltd (BOM:532630) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GOKEX:India

Address

No. 25, Second Cross, Third Main, Industrial Suburb, Yeshwantpur, Bangalore, KA, IND, 560 022

Website

https://www.gokaldasexports.com

Gokaldas Exports Ltd is a manufacturer and exporter of apparel in India. Its principal business activities include the design, manufacture, and sale of a wide range of garments for men, women, and children and caters to the needs of several international fashion brands and retailers. The company mainly operates in two geographical areas - India and the rest of the world. Its principal source of revenue for the company is the export of garments and related products.

Gokaldas Exports (BOM:532630) Headlines

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