Taj GVK Hotels & Resorts (BOM:532390) Inventory Turnover : 4.49 (As of Mar. 2024)

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What is Taj GVK Hotels & Resorts 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. Taj GVK Hotels & Resorts's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹324 Mil. Taj GVK Hotels & Resorts's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹72 Mil. Taj GVK Hotels & Resorts's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Taj GVK Hotels & Resorts's Days Inventory for the three months ended in Mar. 2024 was 20.32.

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. Taj GVK Hotels & Resorts's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.06.

Taj GVK Hotels & Resorts Inventory Turnover Historical Data

The historical data trend for Taj GVK Hotels & Resorts'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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Taj GVK Hotels & Resorts Inventory Turnover Chart

Taj GVK Hotels & Resorts Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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13.24

5.30

11.89

14.00

14.93

Taj GVK Hotels & Resorts 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															4.04	3.28	3.44	3.78	4.49

Taj GVK Hotels & Resorts Inventory Turnover Calculation

Taj GVK Hotels & Resorts'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 )
=	1131.1	/ (	(79.461	+	72.1)	/	2 )
=	1131.1	/	75.7805
=	14.93

Taj GVK Hotels & Resorts'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 )
=	323.7	/ (	(0	+	72.1)	/	1 )
=	323.7	/	72.1
=	4.49

Taj GVK Hotels & Resorts (BOM:532390) 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.

Taj GVK Hotels & Resorts'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
	=	72.1	/	323.7	*	365 / 4
	=	20.32

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.

Taj GVK Hotels & Resorts'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 )
	=	72.1	/	1158.4
	=	0.06

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.

Taj GVK Hotels & Resorts Inventory Turnover Related Terms

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Taj GVK Hotels & Resorts (BOM:532390) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Taj GVK Hotels & Resorts Ltd (BOM:532390) » Definitions » Inventory Turnover

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TAJGVK:India

Address

Taj Krishna, Road No. 1, Banjara Hills, Hyderabad, TG, IND, 500 034

Website

https://www.tajgvk.in

Taj GVK Hotels & Resorts Ltd is an Indian-based company, which is engaged in the business of owning, operating and managing hotels, palaces, and resorts with the brand name TAJ. The business activities of the group include operations of rooms, restaurants, bars, and banquets. It operates a range of hotels under the Taj brand which are Taj Krishna, Taj Banjara, Taj Deccan, Vivanta by Taj, Taj Chandigarh, Taj Club House, and Taj Santacruz.

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