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Aarnav Fashions (BOM:539562) Inventory Turnover : 0.48 (As of Dec. 2023)


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What is Aarnav Fashions 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. Aarnav Fashions's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹540 Mil. Aarnav Fashions's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹1,121 Mil. Aarnav Fashions's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aarnav Fashions's Days Inventory for the three months ended in Dec. 2023 was 189.51.

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. Aarnav Fashions's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.39.


Aarnav Fashions Inventory Turnover Historical Data

The historical data trend for Aarnav Fashions'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.

* Premium members only.

Aarnav Fashions Inventory Turnover Chart

Aarnav Fashions Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only 2.88 76.46 2.59 3.51 2.97

Aarnav Fashions 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.44 1.38 0.45 0.55 0.48

Aarnav Fashions Inventory Turnover Calculation

Aarnav Fashions'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 )
=3607.596 / ((1271.254 + 1159.071) / 2 )
=3607.596 / 1215.1625
=2.97

Aarnav Fashions'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 )
=539.654 / ((1120.79 + 0) / 1 )
=539.654 / 1120.79
=0.48

* 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.


Aarnav Fashions  (BOM:539562) 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.

Aarnav Fashions'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
=1120.79/539.654*365 / 4
=189.51

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.

Aarnav Fashions'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 )
=1120.79 / 805.511
=1.39

* 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.


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.


Aarnav Fashions Inventory Turnover Related Terms

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Aarnav Fashions (BOM:539562) Business Description

Traded in Other Exchanges
N/A
Address
Survey No. 302 / 303, Narol - Vatva Road, Narol, Ahmedabad, GJ, IND, 382405
Aarnav Fashions Ltd is an India-based company. It has an interest in investment and financial services. It operates through two business segments that are Financial services; and Trading. The business of financing includes trading commodities, shares, and securities. The trading business, which generates maximum revenue for the company, is involved in the trading of textiles. Geographically the company offers its service only to the Indian market.

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