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DOMS Industries (BOM:544045) Inventory Turnover : 2.45 (As of Sep. 2023)


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What is DOMS Industries 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. DOMS Industries's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹4,697 Mil. DOMS Industries's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹1,916 Mil. DOMS Industries's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. DOMS Industries's Days Inventory for the six months ended in Sep. 2023 was 74.46.

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. DOMS Industries's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.25.

DOMS Industries Inventory Turnover Historical Data

The historical data trend for DOMS Industries'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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DOMS Industries Inventory Turnover Chart

DOMS Industries Annual Data
Trend Mar21 Mar22 Mar23
Inventory Turnover
2.09 3.16 4.55

DOMS Industries Semi-Annual Data
Mar21 Mar22 Mar23 Sep23
Inventory Turnover - - - 2.45

DOMS Industries Inventory Turnover Calculation

DOMS Industries'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 )
=7820.7 / ((1591.92 + 1846.42) / 2 )
=7820.7 / 1719.17
=4.55

DOMS Industries's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover (Q: Sep. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2023 ) / ((Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count )
=4697.15 / ((1846.42 + 1986.4) / 2 )
=4697.15 / 1916.41
=2.45

* 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.

DOMS Industries  (BOM:544045) 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.

DOMS Industries's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2023 )/Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=1916.41/4697.15*365 / 2
=74.46

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.

DOMS Industries's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=1916.41 / 7603.09
=0.25

* 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.

DOMS Industries Inventory Turnover Related Terms

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DOMS Industries (BOM:544045) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » DOMS Industries Ltd (BOM:544045) » Definitions » Inventory Turnover
Comparable Companies
Traded in Other Exchanges
DOMS:India
Address
Plot No. 117, 52 Hector Expansion Area, G.I.D.C., District Valsad, Umbergaon, GJ, IND, 396171
Website
https://www.domsindia.com
DOMS Industries Ltd is engaged in the manufacturing of stationery and art material products in India. It designs, develops, manufactures, and sells products, primarily under DOMS brand. Its products are classified across seven categories: (i) scholastic stationery; (ii) scholastic art material; (iii) paper stationery; (iv) kits and combos; (v) office supplies; (vi) hobby and craft; and (vii) fine art products.

DOMS Industries (BOM:544045) Headlines

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