Libas Consumer Products (NSE:LIBAS) Inventory Turnover : 0.38 (As of Sep. 2023)

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What is Libas Consumer Products 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. Libas Consumer Products's Cost of Goods Sold for the three months ended in Sep. 2023 was ₹120.9 Mil. Libas Consumer Products's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹316.3 Mil. Libas Consumer Products's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Libas Consumer Products's Days Inventory for the three months ended in Sep. 2023 was 238.74.

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. Libas Consumer Products's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 2.00.

Libas Consumer Products Inventory Turnover Historical Data

The historical data trend for Libas Consumer Products'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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Libas Consumer Products Inventory Turnover Chart

Libas Consumer Products Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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2.01

2.10

1.82

2.51

1.93

Libas Consumer Products Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.66	0.41	0.52	0.53	0.38

Libas Consumer Products Inventory Turnover Calculation

Libas Consumer Products'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 )
=	635.23	/ (	(312.407	+	346.854)	/	2 )
=	635.23	/	329.6305
=	1.93

Libas Consumer Products'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: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	120.91	/ (	(0	+	316.342)	/	1 )
=	120.91	/	316.342
=	0.38

Libas Consumer Products (NSE:LIBAS) 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.

Libas Consumer Products's Days Inventory for the three 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
	=	316.342	/	120.91	*	365 / 4
	=	238.74

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.

Libas Consumer Products'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 )
	=	316.342	/	158.223
	=	2.00

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.

Libas Consumer Products Inventory Turnover Related Terms

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Libas Consumer Products (NSE:LIBAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Libas Consumer Products Ltd (NSE:LIBAS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Off New Link Road, Lokhanwala Complex, 401, 4th Floor, Crescent Royale, Andheri (West), Mumbai, MH, IND, 400053

Website

https://www.riyazgangjilibasconsumerproductltd.com

Libas Consumer Products Ltd is an Indian firm engaged in the business of manufacturing apparel. The company offers clothing for men and women which includes shirts, trousers, blazers, jackets, suits, sarees, among others. The business operates in a single segment being manufacturing and dealing in textiles. It derives revenue from the domestic sale of goods.

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