SKM Egg Products Export (India) (BOM:532143) Inventory Turnover : 1.02 (As of Mar. 2024)

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What is SKM Egg Products Export (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. SKM Egg Products Export (India)'s Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,169 Mil. SKM Egg Products Export (India)'s Average Total Inventories for the quarter that ended in Mar. 2024 was ₹1,142 Mil. SKM Egg Products Export (India)'s Inventory Turnover for the quarter that ended in Mar. 2024 was 1.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SKM Egg Products Export (India)'s Days Inventory for the three months ended in Mar. 2024 was 89.13.

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. SKM Egg Products Export (India)'s Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.70.

SKM Egg Products Export (India) Inventory Turnover Historical Data

The historical data trend for SKM Egg Products Export (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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SKM Egg Products Export (India) Inventory Turnover Chart

SKM Egg Products Export (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.05

2.45

2.50

3.99

3.95

SKM Egg Products Export (India) 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															0.90	1.14	0.88	0.89	1.02

SKM Egg Products Export (India) Inventory Turnover Calculation

SKM Egg Products Export (India)'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 )
=	4596.6	/ (	(1187.812	+	1142.1)	/	2 )
=	4596.6	/	1164.956
=	3.95

SKM Egg Products Export (India)'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 )
=	1169.3	/ (	(0	+	1142.1)	/	1 )
=	1169.3	/	1142.1
=	1.02

SKM Egg Products Export (India) (BOM:532143) 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.

SKM Egg Products Export (India)'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
	=	1142.1	/	1169.3	*	365 / 4
	=	89.13

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.

SKM Egg Products Export (India)'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 )
	=	1142.1	/	1622.9
	=	0.70

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.

SKM Egg Products Export (India) Inventory Turnover Related Terms

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SKM Egg Products Export (India) (BOM:532143) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » SKM Egg Products Export (India) Ltd (BOM:532143) » Definitions » Inventory Turnover

Traded in Other Exchanges

SKMEGGPROD:India

Address

133, 133/1, Gandhiji Road, Erode, TN, IND, 638001

Website

https://www.skmegg.com

SKM Egg Products Export (India) Ltd is the manufacturer and supplier of egg products. The company offer products such as Egg powder, Bakery mix, and Liquid egg. Its Egg powder product is used in bakery, pasta, noodles, meat, fish products, and mayonnaise. The Bakery mix products are used in cheesecake, biscuits, cakes, sponge cake, and swiss rolls. The Liquid eggs product provides egg albumen liquid, egg yolk liquid and whole egg liquid which are used in the preparation of noodles, fine food, ice cream, cosmetics, and confectionary items. It has five geographic segments: India, Japan, Russia, Europe and Rest of the world.

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