G Tec Jainx Education (NSE:GTECJAINX) Inventory Turnover : 6.26 (As of Sep. 2023)

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What is G Tec Jainx Education 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. G Tec Jainx Education's Cost of Goods Sold for the three months ended in Sep. 2023 was ₹4.40 Mil. G Tec Jainx Education's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹0.70 Mil. G Tec Jainx Education's Inventory Turnover for the quarter that ended in Sep. 2023 was 6.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. G Tec Jainx Education's Days Inventory for the three months ended in Sep. 2023 was 14.59.

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. G Tec Jainx Education's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.04.

G Tec Jainx Education Inventory Turnover Historical Data

The historical data trend for G Tec Jainx Education'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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G Tec Jainx Education Inventory Turnover Chart

G Tec Jainx Education Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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8.01

11.52

9.03

19.67

34.45

G Tec Jainx Education Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															10.03	12.34	13.73	2.56	6.26

G Tec Jainx Education Inventory Turnover Calculation

G Tec Jainx Education'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 )
=	12.403	/ (	(0.384	+	0.336)	/	2 )
=	12.403	/	0.36
=	34.45

G Tec Jainx Education'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 )
=	4.395	/ (	(0.336	+	1.069)	/	2 )
=	4.395	/	0.7025
=	6.26

G Tec Jainx Education (NSE:GTECJAINX) 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.

G Tec Jainx Education's Days Inventory for the three 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
	=	0.7025	/	4.395	*	365 / 4
	=	14.59

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.

G Tec Jainx Education'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 )
	=	0.7025	/	19.747
	=	0.04

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.

G Tec Jainx Education Inventory Turnover Related Terms

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G Tec Jainx Education (NSE:GTECJAINX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » G Tec Jainx Education Ltd (NSE:GTECJAINX) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pinnacle Corporate Park, Bandra Kurla Complex, Unit No. 12/A, Ninth Floor, A?Wing, Bandra East, Mumbai, MH, IND, 400051

Website

https://www.keerti.org

G Tec Jainx Education Ltd Formerly Keerti Knowledge and Skills Ltd operates as an Information Technology training institute. The company's services include basic computer knowledge, internet, surfing, computer courses like Microsoft Office, accounting and financial management, inventory management, also various Programming Languages such as C++, .Net, Java, and Oracle, among others.

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