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Goyallt (NSE:GOYALSALT) Inventory Turnover : 21.34 (As of Mar. 2023)


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What is Goyallt 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. Goyallt's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹1,037 Mil. Goyallt's Average Total Inventories for the quarter that ended in Mar. 2023 was ₹49 Mil. Goyallt's Inventory Turnover for the quarter that ended in Mar. 2023 was 21.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Goyallt's Days Inventory for the six months ended in Mar. 2023 was 8.55.

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. Goyallt's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.04.

Goyallt Inventory Turnover Historical Data

The historical data trend for Goyallt'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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Goyallt Inventory Turnover Chart

Goyallt Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Inventory Turnover
23.48 13.74 11.52 21.34

Goyallt Semi-Annual Data
Mar20 Mar21 Mar22 Mar23
Inventory Turnover 23.48 13.74 11.52 21.34

Goyallt Inventory Turnover Calculation

Goyallt'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 )
=1037.053 / ((51.733 + 45.45) / 2 )
=1037.053 / 48.5915
=21.34

Goyallt's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover (Q: Mar. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2023 ) / ((Total Inventories (Q: Mar. 2022 ) + Total Inventories (Q: Mar. 2023 )) / count )
=1037.053 / ((51.733 + 45.45) / 2 )
=1037.053 / 48.5915
=21.34

* 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.

Goyallt  (NSE:GOYALSALT) 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.

Goyallt's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2023 )/Cost of Goods Sold (Q: Mar. 2023 )*Days in Period
=48.5915/1037.053*365 / 2
=8.55

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.

Goyallt's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2023 ) / Revenue (Q: Mar. 2023 )
=48.5915 / 1176.419
=0.04

* 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.

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.

Goyallt Inventory Turnover Related Terms

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Goyallt (NSE:GOYALSALT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Goyal Salt Ltd (NSE:GOYALSALT) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
Plot No. 229-230, Guru Jambeshwar Nagar, Lane No. 7 Gandhi Path, Vaishali Nagar, Jaipur, RJ, IND, 302021
Website
https://www.goyalsaltltd.com
Goyal Salt Ltd is a company which is primarily engaged in the business of refining of raw salts procured from sub soil brine in the state of Rajasthan for useable as industrial salts and edible salts. It refines and supplies pure, refined and quality range of triple refined free flow iodized salt, industrial salt, double fortified salt and triple refined half dry salt.

Goyallt (NSE:GOYALSALT) Headlines

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