Zaggle Prepaid Ocean Services (BOM:543985) Inventory Turnover : 335.64 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Zaggle Prepaid Ocean Services 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. Zaggle Prepaid Ocean Services's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,202 Mil. Zaggle Prepaid Ocean Services's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹4 Mil. Zaggle Prepaid Ocean Services's Inventory Turnover for the quarter that ended in Mar. 2024 was 335.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zaggle Prepaid Ocean Services's Days Inventory for the three months ended in Mar. 2024 was 0.27.

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. Zaggle Prepaid Ocean Services's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Zaggle Prepaid Ocean Services Inventory Turnover Historical Data

The historical data trend for Zaggle Prepaid Ocean Services'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.

Zaggle Prepaid Ocean Services Inventory Turnover Chart

Zaggle Prepaid Ocean Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

392.61

213.55

762.66

3,485.22

1,899.89

Zaggle Prepaid Ocean Services Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Mar23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial				534.46	-	1,581.05	1,546.33	335.64

Zaggle Prepaid Ocean Services Inventory Turnover Calculation

Zaggle Prepaid Ocean Services'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 )
=	4322.26	/ (	(0.97	+	3.58)	/	2 )
=	4322.26	/	2.275
=	1,899.89

Zaggle Prepaid Ocean Services'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 )
=	1201.59	/ (	(0	+	3.58)	/	1 )
=	1201.59	/	3.58
=	335.64

Zaggle Prepaid Ocean Services (BOM:543985) 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.

Zaggle Prepaid Ocean Services'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
	=	3.58	/	1201.59	*	365 / 4
	=	0.27

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.

Zaggle Prepaid Ocean Services'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 )
	=	3.58	/	2733.71
	=	0.00

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.

Zaggle Prepaid Ocean Services Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Zaggle Prepaid Ocean Services's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Zaggle Prepaid Ocean Services (BOM:543985) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Zaggle Prepaid Ocean Services Ltd (BOM:543985) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

ZAGGLE:India

Address

Yadav Nagar, Boomerang Building, Ground Floor, B-1004, Chandivali, Powai, Mumbai, MH, IND, 400072

Website

https://www.zaggle.in

Zaggle Prepaid Ocean Services Ltd is a leading player in spend management, with a differentiated value proposition and diversified user base. The company operates in a segment where it interacts and interfaces with its Customers and end Users and is among a small number of uniquely positioned players with a diversified offering of financial technology (fintech) products and services, having one of the largest number of issued prepaid cards in India in partnership with certain of its banking partners. It has a diversified portfolio of software as a service (SaaS), including tax and payroll software, and a wide touchpoint reach.

Zaggle Prepaid Ocean Services (BOM:543985) Headlines

No Headlines