Indian Terrain Fashions (NSE:INDTERRAIN) Inventory Turnover : 0.72 (As of Dec. 2023)

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What is Indian Terrain 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. Indian Terrain Fashions's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹720 Mil. Indian Terrain Fashions's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹998 Mil. Indian Terrain Fashions's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Indian Terrain Fashions's Days Inventory for the three months ended in Dec. 2023 was 126.44.

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. Indian Terrain Fashions's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.91.

Indian Terrain Fashions Inventory Turnover Historical Data

The historical data trend for Indian Terrain 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.

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Indian Terrain Fashions Inventory Turnover Chart

Indian Terrain Fashions Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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3.41

3.21

2.02

2.92

2.95

Indian Terrain 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															0.60	0.62	0.45	0.93	0.72

Indian Terrain Fashions Inventory Turnover Calculation

Indian Terrain 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 )
=	3087.6	/ (	(826.6	+	1265.9)	/	2 )
=	3087.6	/	1046.25
=	2.95

Indian Terrain 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 )
=	720.1	/ (	(997.8	+	0)	/	1 )
=	720.1	/	997.8
=	0.72

Indian Terrain Fashions (NSE:INDTERRAIN) 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.

Indian Terrain 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
	=	997.8	/	720.1	*	365 / 4
	=	126.44

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.

Indian Terrain 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 )
	=	997.8	/	1092.1
	=	0.91

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.

Indian Terrain Fashions Inventory Turnover Related Terms

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Indian Terrain Fashions (NSE:INDTERRAIN) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Indian Terrain Fashions Ltd (NSE:INDTERRAIN) » Definitions » Inventory Turnover

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533329:India

Address

Velachery Tambaram Road, 208, Narayanapuram, Pallikaranai, Chennai, TN, IND, 600100

Website

https://www.indianterrain.com

Indian Terrain Fashions Ltd is a manufacturer of wearing apparel. The company sells its apparel under the brand name Indian Terrain. The company manufactures Shirts, T-shirts, Jackets, Sweaters, Sweatshirts, Coats and blazers, Shorts, Trousers, Denim, Belt, Wallet, Socks, Sandals, Loafers, Lace-ups, Sneakers, Boots and Boat shoes. The firm has introduced a brand called Indian Terrain Boy which caters to clothes for boys between the ages of four and sixteen. The products are retailed across India through multi-brand outlets, large format stores, exclusive brand outlets, and e-commerce platforms. The company is based in India.

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