Nanavati Ventures (BOM:543522) Inventory Turnover : 0.99 (As of Sep. 2023)

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What is Nanavati Ventures 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. Nanavati Ventures's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹117.1 Mil. Nanavati Ventures's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹117.9 Mil. Nanavati Ventures's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nanavati Ventures's Days Inventory for the six months ended in Sep. 2023 was 183.70.

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. Nanavati Ventures's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.02.

Nanavati Ventures Inventory Turnover Historical Data

The historical data trend for Nanavati Ventures'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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Nanavati Ventures Inventory Turnover Chart

Nanavati Ventures Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

0.29

3.16

10,867.50

13.21

3.15

Nanavati Ventures Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial			6,493.90	4.28	5.44	1.18	0.99

Nanavati Ventures Inventory Turnover Calculation

Nanavati Ventures'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 )
=	154.331	/ (	(27.867	+	70.082)	/	2 )
=	154.331	/	48.9745
=	3.15

Nanavati Ventures's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	117.081	/ (	(70.082	+	165.625)	/	2 )
=	117.081	/	117.8535
=	0.99

Nanavati Ventures (BOM:543522) 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.

Nanavati Ventures's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	117.8535	/	117.081	*	365 / 2
	=	183.70

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.

Nanavati Ventures's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	117.8535	/	115.131
	=	1.02

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.

Nanavati Ventures Inventory Turnover Related Terms

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Nanavati Ventures (BOM:543522) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nanavati Ventures Ltd (BOM:543522) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

S-414, OM Plaza, Adarsh App. Co-operative housing society, Village: Vijalpor, Taluka: Jalalpore, Navsari, GJ, IND, 396445

Website

http://www.nventures.co.in

Nanavati Ventures Ltd is a diamond trading company. The company sells diamonds largely to a domestic customer base that includes jewellery manufacturers, large department store chains, retail stores, and wholesalers.

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