Vishal Fabrics (BOM:538598) Inventory Turnover : 3.93 (As of Mar. 2024)

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What is Vishal Fabrics 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. Vishal Fabrics's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹3,692 Mil. Vishal Fabrics's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹940 Mil. Vishal Fabrics's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vishal Fabrics's Days Inventory for the three months ended in Mar. 2024 was 23.23.

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. Vishal Fabrics's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.23.

Vishal Fabrics Inventory Turnover Historical Data

The historical data trend for Vishal Fabrics'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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Vishal Fabrics Inventory Turnover Chart

Vishal Fabrics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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17.22

12.57

16.48

14.85

15.01

Vishal Fabrics 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															4.18	3.72	2.61	3.42	3.93

Vishal Fabrics Inventory Turnover Calculation

Vishal Fabrics'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 )
=	12995.866	/ (	(792.4	+	939.726)	/	2 )
=	12995.866	/	866.063
=	15.01

Vishal Fabrics'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 )
=	3691.59	/ (	(0	+	939.726)	/	1 )
=	3691.59	/	939.726
=	3.93

Vishal Fabrics (BOM:538598) 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.

Vishal Fabrics'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
	=	939.726	/	3691.59	*	365 / 4
	=	23.23

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.

Vishal Fabrics'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 )
	=	939.726	/	4115.078
	=	0.23

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.

Vishal Fabrics Inventory Turnover Related Terms

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Vishal Fabrics (BOM:538598) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Vishal Fabrics Ltd (BOM:538598) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Bopal - Ambli Road, Shanti Corporate House, Near Hira Rupa Hall, Bopal, Ahmedabad, GJ, IND, 380058

Website

https://www.vishalfabricsltd.com

Vishal Fabrics Ltd is an Indian company engaged in the business of manufacturing and sale of textile. Its activities include dying, printing, and processing of fabrics of its own and also on job work basis. The company mainly procures grey fabric and dyes, and prints. The company sells Manufactured goods; which includes fabric sales, grey fabric sales, and yarn sales and Trading goods; which include chips sales. It also offers services which include Job work sales. The group operates its business primarily in India.

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