JK Lakshmi Cement (NSE:JKLAKSHMI) Inventory Turnover : 0.79 (As of Mar. 2024)

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What is JK Lakshmi Cement 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. JK Lakshmi Cement's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹7,873 Mil. JK Lakshmi Cement's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹9,912 Mil. JK Lakshmi Cement's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. JK Lakshmi Cement's Days Inventory for the three months ended in Mar. 2024 was 114.89.

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. JK Lakshmi Cement's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.56.

JK Lakshmi Cement Inventory Turnover Historical Data

The historical data trend for JK Lakshmi Cement'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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JK Lakshmi Cement Inventory Turnover Chart

JK Lakshmi Cement Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.91

5.21

4.98

4.50

3.49

JK Lakshmi Cement Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.77	1.15	0.93	0.92	0.79

JK Lakshmi Cement Inventory Turnover Calculation

JK Lakshmi Cement'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 )
=	31954	/ (	(8416	+	9912.4)	/	2 )
=	31954	/	9164.2
=	3.49

JK Lakshmi Cement'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 )
=	7872.6	/ (	(0	+	9912.4)	/	1 )
=	7872.6	/	9912.4
=	0.79

JK Lakshmi Cement (NSE:JKLAKSHMI) 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.

JK Lakshmi Cement'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
	=	9912.4	/	7872.6	*	365 / 4
	=	114.89

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.

JK Lakshmi Cement'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 )
	=	9912.4	/	17808.5
	=	0.56

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.

JK Lakshmi Cement Inventory Turnover Related Terms

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JK Lakshmi Cement (NSE:JKLAKSHMI) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » JK Lakshmi Cement Ltd (NSE:JKLAKSHMI) » Definitions » Inventory Turnover

Traded in Other Exchanges

500380:India

Address

4, Bahadur Shah Zafar Marg, Nehru House, New Delhi, IND, 110002

Website

https://www.jklakshmicement.com

JK Lakshmi Cement Ltd is a building materials holdings company. The company manufacturers multiple types of cement and cement-related products. JK Lakshmi also manufactures Plaster of Paris (POP), autoclavet aerated concrete block, and JK Lakshmi Pro+, the firm's flagship cement product. JK Lakshmi also produces three various types of concrete, including two types of common grey cement, labeled 53 Grade ordinary Portland cement (OPC) and 43 Grade OPC. The third type is Portland Pozzolana Cement (PPC) (Blended), which is created to prevent cracking. The company generates the vast majority of its revenue in India.

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