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Ausom Enterprise (NSE:AUSOMENT) Inventory Turnover : 2,623.08 (As of Mar. 2024)


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What is Ausom Enterprise 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. Ausom Enterprise's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹7,035 Mil. Ausom Enterprise's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹3 Mil. Ausom Enterprise's Inventory Turnover for the quarter that ended in Mar. 2024 was 2,623.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ausom Enterprise's Days Inventory for the three months ended in Mar. 2024 was 0.03.

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. Ausom Enterprise's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.


Ausom Enterprise Inventory Turnover Historical Data

The historical data trend for Ausom Enterprise'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.

Ausom Enterprise Inventory Turnover Chart

Ausom Enterprise Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 73.56 35.11 1.63 12.54 134.79

Ausom Enterprise 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 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 9.36 -0.14 4.22 12.59 2,623.08

Ausom Enterprise Inventory Turnover Calculation

Ausom Enterprise'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 )
=9615.346 / ((139.987 + 2.682) / 2 )
=9615.346 / 71.3345
=134.79

Ausom Enterprise'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 )
=7035.1 / ((0 + 2.682) / 1 )
=7035.1 / 2.682
=2,623.08

* 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.


Ausom Enterprise  (NSE:AUSOMENT) 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.

Ausom Enterprise'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
=2.682/7035.1*365 / 4
=0.03

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.

Ausom Enterprise'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 )
=2.682 / 7076.807
=0.00

* 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.


Ausom Enterprise Inventory Turnover Related Terms

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Ausom Enterprise (NSE:AUSOMENT) Business Description

Traded in Other Exchanges
Address
606, Swagat Building, C.G. Road, Near Lal Bunglow, Ahmedabad, GJ, IND, 380 006
Ausom Enterprise Ltd operates in the trading segment. The company is engaged in the trading of commodities, bullions, gold jewellery, shares and securities, units of mutual funds, diamonds and derivatives.

Ausom Enterprise (NSE:AUSOMENT) Headlines

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