Choksi Imaging (BOM:530427) Inventory Turnover : 0.07 (As of Mar. 2024)

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What is Choksi Imaging 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. Choksi Imaging's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹0.97 Mil. Choksi Imaging's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹14.61 Mil. Choksi Imaging's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Choksi Imaging's Days Inventory for the three months ended in Mar. 2024 was 1,372.60.

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. Choksi Imaging's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 9.72.

Choksi Imaging Inventory Turnover Historical Data

The historical data trend for Choksi Imaging'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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Choksi Imaging Inventory Turnover Chart

Choksi Imaging Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.60

3.99

2.78

0.32

0.70

Choksi Imaging 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															0.01	0.11	0.45	0.15	0.07

Choksi Imaging Inventory Turnover Calculation

Choksi Imaging'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 )
=	14.485	/ (	(27.048	+	14.606)	/	2 )
=	14.485	/	20.827
=	0.70

Choksi Imaging'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 )
=	0.971	/ (	(0	+	14.606)	/	1 )
=	0.971	/	14.606
=	0.07

Choksi Imaging (BOM:530427) 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.

Choksi Imaging'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
	=	14.606	/	0.971	*	365 / 4
	=	1,372.60

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.

Choksi Imaging'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 )
	=	14.606	/	1.503
	=	9.72

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.

Choksi Imaging Inventory Turnover Related Terms

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Choksi Imaging (BOM:530427) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Choksi Imaging Ltd (BOM:530427) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Nehru Road, No. 163/164, Choksi Bhuvan, Ville Parle (East), Mumbai, MH, IND, 400057

Website

http://www.choksiworld.com

Choksi Imaging Ltd is an India based company engaged in the manufacturing of photosensitized materials, medical X-rays, and other healthcare products. The company sells and derives revenue from products like X-Ray films, ultrasound, computed radiography systems, speciality X-Ray films, etc. In addition, the company also offers maintenance services for X-Ray processors, equipment, and computer radiography system. The firm provides various photographic, ultrasonic sounds services in association with Protec, Medtron and others.

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