Kewal Kiran Clothing (BOM:532732) Inventory Turnover : 1.29 (As of Mar. 2024)

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What is Kewal Kiran Clothing 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. Kewal Kiran Clothing's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,215 Mil. Kewal Kiran Clothing's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹940 Mil. Kewal Kiran Clothing's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kewal Kiran Clothing's Days Inventory for the three months ended in Mar. 2024 was 70.58.

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. Kewal Kiran Clothing's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.43.

Kewal Kiran Clothing Inventory Turnover Historical Data

The historical data trend for Kewal Kiran Clothing'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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Kewal Kiran Clothing Inventory Turnover Chart

Kewal Kiran Clothing Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.03

2.56

4.39

3.22

3.94

Kewal Kiran Clothing 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															0.60	0.62	1.06	0.99	1.29

Kewal Kiran Clothing Inventory Turnover Calculation

Kewal Kiran Clothing'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 )
=	4871.5	/ (	(1655.881	+	820.1)	/	2 )
=	4871.5	/	1237.9905
=	3.94

Kewal Kiran Clothing'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 )
=	1214.9	/ (	(1059.2	+	820.1)	/	2 )
=	1214.9	/	939.65
=	1.29

Kewal Kiran Clothing (BOM:532732) 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.

Kewal Kiran Clothing'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
	=	939.65	/	1214.9	*	365 / 4
	=	70.58

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.

Kewal Kiran Clothing'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 )
	=	939.65	/	2194.2
	=	0.43

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.

Kewal Kiran Clothing Inventory Turnover Related Terms

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Kewal Kiran Clothing (BOM:532732) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kewal Kiran Clothing Ltd (BOM:532732) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

KKCL:India

Address

I.B. Patel Road, 460/7, Kewal Kiran Estate, Near Western Express Highway, Goregaon (East), Mumbai, MH, IND, 400 063

Website

https://www.kewalkiran.com

Kewal Kiran Clothing Ltd is an Indian company. The company is engaged in manufacturing, marketing, and retailing of branded readymade garments and finished accessories. Its brand includes Killer, Easies, LawmanPg3, K-Lounge and Integriti. The company has a presence in Asia, the Middle East, and CIS.

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