UFO Moviez India (NSE:UFO) Inventory Turnover : 4.81 (As of Mar. 2024)

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What is UFO Moviez India 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. UFO Moviez India's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹590 Mil. UFO Moviez India's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹123 Mil. UFO Moviez India's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. UFO Moviez India's Days Inventory for the three months ended in Mar. 2024 was 18.96.

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. UFO Moviez India's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.10.

UFO Moviez India Inventory Turnover Historical Data

The historical data trend for UFO Moviez India'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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UFO Moviez India Inventory Turnover Chart

UFO Moviez India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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15.92

5.93

9.31

17.58

14.18

UFO Moviez India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															4.30	2.89	2.41	3.58	4.81

UFO Moviez India Inventory Turnover Calculation

UFO Moviez India's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	1765.4	/ (	(126.56	+	122.5)	/	2 )
=	1765.4	/	124.53
=	14.18

UFO Moviez India'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 )
=	589.5	/ (	(0	+	122.5)	/	1 )
=	589.5	/	122.5
=	4.81

UFO Moviez India (NSE:UFO) 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.

UFO Moviez India'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
	=	122.5	/	589.5	*	365 / 4
	=	18.96

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.

UFO Moviez India'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 )
	=	122.5	/	1186.6
	=	0.10

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.

UFO Moviez India Inventory Turnover Related Terms

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UFO Moviez India (NSE:UFO) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » UFO Moviez India Ltd (NSE:UFO) » Definitions » Inventory Turnover

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539141:India

Address

Plot No. 53/1, Road No. 7, Valuable Techno Park, Opposite Akruti Trade Centre, MIDC, Marol, Andheri (East), Mumbai, MH, IND, 400 093

Website

https://www.ufomoviez.com

UFO Moviez India Ltd is a satellite-based digital cinema distribution network and in-cinema advertising platform in India. It delivers movie content through a satellite-based cinema distribution network using its UFO-M4 platform and D-Cinema network. It receives revenues from advertisers, through in-cinema advertising, movie producers, and distributors, for the secured delivery and screening of their movies and exhibitors, through equipment rental and sales for digital cinema equipment and consumables.