Singer India (BOM:505729) Inventory Turnover : 1.12 (As of Dec. 2023)

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What is Singer India 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. Singer India's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹759 Mil. Singer India's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹679 Mil. Singer India's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Singer India's Days Inventory for the three months ended in Dec. 2023 was 81.67.

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. Singer India's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.66.

Singer India Inventory Turnover Historical Data

The historical data trend for Singer India'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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Singer India Inventory Turnover Chart

Singer India Annual Data

Trend

Jun14

Jun15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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5.27

4.64

4.09

4.59

4.73

Singer India 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															1.15	1.15	1.02	1.17	1.12

Singer India Inventory Turnover Calculation

Singer India'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 )
=	3583.5	/ (	(730.577	+	785.4)	/	2 )
=	3583.5	/	757.9885
=	4.73

Singer India'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 )
=	758.8	/ (	(679.1	+	0)	/	1 )
=	758.8	/	679.1
=	1.12

Singer India (BOM:505729) 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.

Singer India'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
	=	679.1	/	758.8	*	365 / 4
	=	81.67

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.

Singer India'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 )
	=	679.1	/	1024.7
	=	0.66

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.

Singer India Inventory Turnover Related Terms

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Singer India (BOM:505729) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Singer India Ltd (BOM:505729) » Definitions » Inventory Turnover

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Address

Mohan Cooperative Industrial Estate, A-26/4, 2nd Floor, New Delhi, IND, 110044

Website

https://www.singerindia.com

Singer India Ltd is an Indian-based firm engaged in the business of trading and manufacturing sewing products and also conducts trading in domestic appliances. The company operates in two business segments namely, the Sewing machines and related accessories segment comprises of production and distribution of sewing products which includes sewing machine accessories and related products which also contribute to revenue, and the Domestic appliances segment includes steam irons, food processors, mixers, and air coolers. The majority of the revenue is from the Sewing machines and related accessories segment.

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