Gulf Oil Lubricants India (BOM:538567) Inventory Turnover : 1.04 (As of Mar. 2024)

View and export this data going back to 2014. Start your Free Trial

What is Gulf Oil Lubricants 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. Gulf Oil Lubricants India's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹5,125 Mil. Gulf Oil Lubricants India's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹4,943 Mil. Gulf Oil Lubricants India's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gulf Oil Lubricants India's Days Inventory for the three months ended in Mar. 2024 was 88.02.

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. Gulf Oil Lubricants India's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.57.

Gulf Oil Lubricants India Inventory Turnover Historical Data

The historical data trend for Gulf Oil Lubricants 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.

* Premium members only.

Gulf Oil Lubricants India Inventory Turnover Chart

Gulf Oil Lubricants India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

Get a 7-Day Free Trial

2.58

2.60

3.15

3.94

4.03

Gulf Oil Lubricants 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															1.05	1.04	0.91	0.90	1.04

Gulf Oil Lubricants India Inventory Turnover Calculation

Gulf Oil Lubricants 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 )
=	19461.004	/ (	(4716.977	+	4943.483)	/	2 )
=	19461.004	/	4830.23
=	4.03

Gulf Oil Lubricants 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 )
=	5125.108	/ (	(0	+	4943.483)	/	1 )
=	5125.108	/	4943.483
=	1.04

Gulf Oil Lubricants India (BOM:538567) 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.

Gulf Oil Lubricants 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
	=	4943.483	/	5125.108	*	365 / 4
	=	88.02

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.

Gulf Oil Lubricants 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 )
	=	4943.483	/	8696.284
	=	0.57

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.

Gulf Oil Lubricants India Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Gulf Oil Lubricants India's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Gulf Oil Lubricants India (BOM:538567) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gulf Oil Lubricants India Ltd (BOM:538567) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GULFOILLUB:India

Address

IN Centre, 49/50, 12th Road, M.I.D.C., Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.gulfoilindia.com

Gulf Oil Lubricants India Ltd manufactures, markets, and trades lubricants and greases used in the automotive and industrial industries. The company is a subsidiary of the Hinduja Group, which owns businesses in a variety of sectors in multiple continents. The company provides products for all types of commercial vehicles to individual and institutional customers across the automotive, agricultural, industrial, construction, and marine divisions. The company exports some of its products, however, a large majority of revenue is derived from sales inside India.

Gulf Oil Lubricants India (BOM:538567) Headlines

No Headlines