Ghandhara Industries (KAR:GHNI) Inventory Turnover : 0.67 (As of Mar. 2024)

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What is Ghandhara Industries 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. Ghandhara Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₨3,896 Mil. Ghandhara Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was ₨5,799 Mil. Ghandhara Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ghandhara Industries's Days Inventory for the three months ended in Mar. 2024 was 135.83.

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. Ghandhara Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.21.

Ghandhara Industries Inventory Turnover Historical Data

The historical data trend for Ghandhara Industries'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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Ghandhara Industries Inventory Turnover Chart

Ghandhara Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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1.43

1.24

1.84

3.10

1.92

Ghandhara Industries 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															0.63	0.23	0.38	0.38	0.67

Ghandhara Industries Inventory Turnover Calculation

Ghandhara Industries's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	12241.703	/ (	(7310.691	+	5414.682)	/	2 )
=	12241.703	/	6362.6865
=	1.92

Ghandhara Industries'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 )
=	3895.868	/ (	(5549.391	+	6048.783)	/	2 )
=	3895.868	/	5799.087
=	0.67

Ghandhara Industries (KAR:GHNI) 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.

Ghandhara Industries'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
	=	5799.087	/	3895.868	*	365 / 4
	=	135.83

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.

Ghandhara Industries'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 )
	=	5799.087	/	4801.34
	=	1.21

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.

Ghandhara Industries Inventory Turnover Related Terms

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Ghandhara Industries (KAR:GHNI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ghandhara Industries Ltd (KAR:GHNI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

F-3, Hub Chowki Road, S.I.T.E, P.O. Box No. 2706, Karachi, SD, PAK, 75730

Website

https://www.gil.com.pk

Ghandhara Industries Ltd is a Pakistan based company. It is engaged in the manufacturing, assembly and marketing of Isuzu DMAX Pickups, ISUZU Trucks, Bus Chassis and fabrication of Bus and Load bodies. Its products include Rigid Truck & Prime Mover, Hi- spark single cab, Microbus, Pickup, cross crew cab, lander single cab, Light Commercial Vehicles and others.

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