Phantom Digital Effects (NSE:PHANTOMFX) Inventory Turnover : -0.26 (As of Sep. 2023)

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What is Phantom Digital Effects 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. Phantom Digital Effects's Cost of Goods Sold for the three months ended in Sep. 2023 was ₹-48.7 Mil. Phantom Digital Effects's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹185.7 Mil. Phantom Digital Effects's Inventory Turnover for the quarter that ended in Sep. 2023 was -0.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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. Phantom Digital Effects's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.07.

Phantom Digital Effects Inventory Turnover Historical Data

The historical data trend for Phantom Digital Effects'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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Phantom Digital Effects Inventory Turnover Chart

Phantom Digital Effects Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

2.30

-0.20

0.57

1.13

Phantom Digital Effects Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial			0.39	0.53	-	0.55	-0.26

Phantom Digital Effects Inventory Turnover Calculation

Phantom Digital Effects'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 )
=	73.273	/ (	(54.992	+	74.406)	/	2 )
=	73.273	/	64.699
=	1.13

Phantom Digital Effects'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: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	-48.745	/ (	(0	+	185.721)	/	1 )
=	-48.745	/	185.721
=	-0.26

Phantom Digital Effects (NSE:PHANTOMFX) 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.

Phantom Digital Effects'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
	=	185.721	/	-48.745	*	365 / 4
	=

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.

Phantom Digital Effects'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 )
	=	185.721	/	174.181
	=	1.07

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.

Phantom Digital Effects Inventory Turnover Related Terms

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Phantom Digital Effects (NSE:PHANTOMFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Phantom Digital Effects Ltd (NSE:PHANTOMFX) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

3rd Main Road, 6th Floor, Tower B, Kosmo One Tech Park, Plot No.14, Ambattur, Chennai, TN, IND, 600058

Website

https://www.phantom-fx.com

Phantom Digital Effects Ltd is a certified trusted partner network (TPN) company, full-fledged creative VFX studio, based in India with offices operating in US and Canada. As a TPN Certified studio, PhantomFX offers a wide range of VFX services. The company's specializations include: Completing a Shot with final compositing, Creating 3D elements, photoreal creatures, and environments, Rig/Wire removal, paint cleanup, rotoscopy, 3D matchmove, 3D animation (storyboard, animation), Pre-visualization Game cinematics, Fire / water Fx and other natural phenomena 3D ride animation.

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