Magson Retail and Distribution (NSE:MAGSON) Inventory Turnover : 2.71 (As of Sep. 2023)

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What is Magson Retail and Distribution 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. Magson Retail and Distribution's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹257.7 Mil. Magson Retail and Distribution's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹95.1 Mil. Magson Retail and Distribution's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Magson Retail and Distribution's Days Inventory for the six months ended in Sep. 2023 was 67.37.

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. Magson Retail and Distribution's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.28.

Magson Retail and Distribution Inventory Turnover Historical Data

The historical data trend for Magson Retail and Distribution'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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Magson Retail and Distribution Inventory Turnover Chart

Magson Retail and Distribution Annual Data

Trend

Mar21

Mar22

Mar23

Inventory Turnover

6.25

6.13

5.61

Magson Retail and Distribution Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	-	-	3.53	2.35	2.71

Magson Retail and Distribution Inventory Turnover Calculation

Magson Retail and Distribution'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 )
=	442.888	/ (	(61.155	+	96.646)	/	2 )
=	442.888	/	78.9005
=	5.61

Magson Retail and Distribution'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 )
=	257.719	/ (	(96.646	+	93.631)	/	2 )
=	257.719	/	95.1385
=	2.71

Magson Retail and Distribution (NSE:MAGSON) 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.

Magson Retail and Distribution'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
	=	95.1385	/	257.719	*	365 / 2
	=	67.37

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.

Magson Retail and Distribution'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 )
	=	95.1385	/	345.907
	=	0.28

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.

Magson Retail and Distribution Inventory Turnover Related Terms

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Magson Retail and Distribution (NSE:MAGSON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Magson Retail and Distribution Ltd (NSE:MAGSON) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near Judges Bungalows Cross Roads, 204-B, Primate Complex, Opposite Mother Milk Palace, Bodakdev, Ahmedabad, GJ, IND, 380015

Website

https://www.magson.in

Magson Retail and Distribution Ltd is engaged in the retail and Distribution business of gourmet, frozen food, and specialty foods. The company operates retail stores through and own stores, jointly owned stores, and a franchise model under its brand name 'MagSon'. In addition, the company has a separate chocolate store that is operated under the brand name 'My Chocolate World'.

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