Best Eastern Hotels (BOM:508664) Inventory Turnover : 5.58 (As of Dec. 2023)

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What is Best Eastern Hotels 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. Best Eastern Hotels's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹8.22 Mil. Best Eastern Hotels's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹1.47 Mil. Best Eastern Hotels's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Best Eastern Hotels's Days Inventory for the three months ended in Dec. 2023 was 16.36.

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. Best Eastern Hotels's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.09.

Best Eastern Hotels Inventory Turnover Historical Data

The historical data trend for Best Eastern Hotels'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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Best Eastern Hotels Inventory Turnover Chart

Best Eastern Hotels Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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16.73

15.55

11.36

30.03

19.67

Best Eastern Hotels 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															9.22	3.02	4.18	4.10	5.58

Best Eastern Hotels Inventory Turnover Calculation

Best Eastern Hotels'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 )
=	27.249	/ (	(0.747	+	2.024)	/	2 )
=	27.249	/	1.3855
=	19.67

Best Eastern Hotels'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 )
=	8.219	/ (	(1.474	+	0)	/	1 )
=	8.219	/	1.474
=	5.58

Best Eastern Hotels (BOM:508664) 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.

Best Eastern Hotels'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
	=	1.474	/	8.219	*	365 / 4
	=	16.36

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.

Best Eastern Hotels'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 )
	=	1.474	/	16.609
	=	0.09

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.

Best Eastern Hotels Inventory Turnover Related Terms

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Best Eastern Hotels (BOM:508664) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Best Eastern Hotels Ltd (BOM:508664) » Definitions » Inventory Turnover

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Address

293/299, Dr. C. H. Street, 401, Chartered House, Near Marine Lines Church, Mumbai, MH, IND, 400 002

Website

https://www.ushaascot.com

Best Eastern Hotels Ltd is engaged in the business of hospitality and managing the resort. It is engaged in providing short-term accommodation activities, and restaurants and mobile food service activities. The company operates a hotel, Usha Ascot that provides various facilities, such as cuisine, including Indian, Chinese, Continental food; swimming pool with a sunken bar and an open restaurant; permit room; health club with steam room; sauna, Jacuzzi and massage facility; indoor recreation, including table tennis, and in-house laundry and bakery. Its conference and banquet facilities include Mel Milap Hall and The Brain Stromer. Its accommodation facilities include Luxury Villa, Ascot Villa, Executive Deluxe, and Deluxe Room.

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