Glittek Granites (BOM:513528) Inventory Turnover : 0.04 (As of Dec. 2023)

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What is Glittek Granites 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. Glittek Granites's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹9.6 Mil. Glittek Granites's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹213.7 Mil. Glittek Granites's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Glittek Granites's Days Inventory for the three months ended in Dec. 2023 was 2,039.97.

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. Glittek Granites's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 21.06.

Glittek Granites Inventory Turnover Historical Data

The historical data trend for Glittek Granites'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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Glittek Granites Inventory Turnover Chart

Glittek Granites Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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0.55

0.46

0.49

0.22

0.35

Glittek Granites 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															0.04	0.21	0.02	0.08	0.04

Glittek Granites Inventory Turnover Calculation

Glittek Granites'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 )
=	74.267	/ (	(218.53	+	211.164)	/	2 )
=	74.267	/	214.847
=	0.35

Glittek Granites'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 )
=	9.559	/ (	(213.699	+	0)	/	1 )
=	9.559	/	213.699
=	0.04

Glittek Granites (BOM:513528) 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.

Glittek Granites'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
	=	213.699	/	9.559	*	365 / 4
	=	2,039.97

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.

Glittek Granites'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 )
	=	213.699	/	10.146
	=	21.06

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.

Glittek Granites Inventory Turnover Related Terms

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Glittek Granites (BOM:513528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Glittek Granites Ltd (BOM:513528) » Definitions » Inventory Turnover

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Address

224, A. J. C. Bose Road, Krishna - 711, Kolkata, WB, IND, 700017

Website

http://www.glittek.com

Glittek Granites Ltd is engaged in the manufacturing of granite tiles and slabs. It is engaged in the processing and export of granite, marble, Sand Stone, and other stone products. The company offers granite tiles, such as Black Pearl, Hassan Green, Imperial White, Ivory Chiffon, Kashmir Gold, Madura Gold, and many more. The main market for the company's product is the USA, South Africa, Canada, the UK, UAE, Europe, and Australia.

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