S.M. Gold (BOM:542034) Inventory Turnover : 0.49 (As of Dec. 2023)

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What is S.M. Gold 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. S.M. Gold's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹152.9 Mil. S.M. Gold's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹311.8 Mil. S.M. Gold's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. S.M. Gold's Days Inventory for the three months ended in Dec. 2023 was 186.06.

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. S.M. Gold's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.10.

S.M. Gold Inventory Turnover Historical Data

The historical data trend for S.M. Gold'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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S.M. Gold Inventory Turnover Chart

S.M. Gold Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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4.40

2.68

2.58

2.77

2.04

S.M. Gold Quarterly Data
	Mar18	Jun18	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.11	1.26	0.51	0.41	0.49

S.M. Gold Inventory Turnover Calculation

S.M. Gold's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	488.489	/ (	(211.858	+	268.19)	/	2 )
=	488.489	/	240.024
=	2.04

S.M. Gold's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	152.903	/ (	(311.778	+	0)	/	1 )
=	152.903	/	311.778
=	0.49

S.M. Gold (BOM:542034) 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.

S.M. Gold's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	311.778	/	152.903	*	365 / 4
	=	186.06

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.

S.M. Gold's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	311.778	/	148.614
	=	2.10

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.

S.M. Gold Inventory Turnover Related Terms

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S.M. Gold (BOM:542034) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » S.M. Gold Ltd (BOM:542034) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Shop No. 1 to 3, 2nd Floor 24 Caret Building, Opp. Rock Regency Hotel, Law Garden, C G Road, Ahmedabad, GJ, IND, 380009

Website

https://www.smgoldltd.com

S.M. Gold Ltd is involved in the business of manufacturing and wholesale trading of mangalsutra jewellery. Besides mangalsutra jewellery, a minor part of the company's business also includes other jewellery's like Rings, Chain, Earrings, Ear Chain, Nose-rings/Nose pins, waist belts, Anklet, Zuda, Toe Ring, Pendant Set/Pendant, Bracelet and Bangles, wedding Jewellery, and festive Jewellery. The products are sold under the brand name of S. M. Gold - the House of Mangalsutra. Geographically, all the activities are carried out throughout the region of India.

S.M. Gold (BOM:542034) Headlines

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