Jumbo Bag (BOM:516078) Inventory Turnover : 0.75 (As of Mar. 2024)

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What is Jumbo Bag 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. Jumbo Bag's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹159 Mil. Jumbo Bag's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹212 Mil. Jumbo Bag's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jumbo Bag's Days Inventory for the three months ended in Mar. 2024 was 121.47.

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. Jumbo Bag's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.79.

Jumbo Bag Inventory Turnover Historical Data

The historical data trend for Jumbo Bag'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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Jumbo Bag Inventory Turnover Chart

Jumbo Bag Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.65

2.50

3.90

2.60

Jumbo Bag Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.48	0.57	0.70	0.61	0.75

Jumbo Bag Inventory Turnover Calculation

Jumbo Bag'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 )
=	587.683	/ (	(240.426	+	211.515)	/	2 )
=	587.683	/	225.9705
=	2.60

Jumbo Bag'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 )
=	158.893	/ (	(0	+	211.515)	/	1 )
=	158.893	/	211.515
=	0.75

Jumbo Bag (BOM:516078) 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.

Jumbo Bag'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
	=	211.515	/	158.893	*	365 / 4
	=	121.47

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.

Jumbo Bag'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 )
	=	211.515	/	269.329
	=	0.79

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.

Jumbo Bag Inventory Turnover Related Terms

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Jumbo Bag (BOM:516078) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Jumbo Bag Ltd (BOM:516078) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

1st Floor, Nowroji Road, Chetpet, S.K. Enclave, New No. 4 (Old No. 47), Chennai, TN, IND, 600 031

Website

https://www.jumbobaglimited.com

Jumbo Bag Ltd is an India-based company. The company is engaged in the manufacturing of Flexible Intermediate Bulk Bags (FIBC bags) generally used for industrial purposes. Its operating segment includes Manufacturing and Trading. The Trading segment involves trading of Polymers. It generates maximum revenue from the Manufacturing segment. The company products are widely used for storage, transportation and handling of powder, flake or granular materials.

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