Mid India Industries (BOM:500277) Inventory Turnover : 3.34 (As of Dec. 2023)

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What is Mid India Industries 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. Mid India Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1.42 Mil. Mid India Industries's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹0.43 Mil. Mid India Industries's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mid India Industries's Days Inventory for the three months ended in Dec. 2023 was 27.33.

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. Mid India Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.29.

Mid India Industries Inventory Turnover Historical Data

The historical data trend for Mid India Industries'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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Mid India Industries Inventory Turnover Chart

Mid India Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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8.84

15.74

19.74

Mid India Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															12.91	15.69	13.93	41.71	3.34

Mid India Industries Inventory Turnover Calculation

Mid India Industries'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 )
=	130.131	/ (	(11.038	+	2.145)	/	2 )
=	130.131	/	6.5915
=	19.74

Mid India Industries's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1.419	/ (	(0.425	+	0)	/	1 )
=	1.419	/	0.425
=	3.34

Mid India Industries (BOM:500277) 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.

Mid India Industries's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.425	/	1.419	*	365 / 4
	=	27.33

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.

Mid India Industries's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.425	/	1.491
	=	0.29

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.

Mid India Industries Inventory Turnover Related Terms

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Mid India Industries (BOM:500277) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mid India Industries Ltd (BOM:500277) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

401, Princess Centre, 6/3, New Palasia, Indore, MP, IND, 452003

Website

https://www.midindiaindustries.com

Mid India Industries Ltd is a textile manufacturing company. Principally, it is engaged in the preparation and spinning of cotton fiber including blended cotton. The company offers products under categories regular which consist of cotton yarn, polyester and cotton blended, and polyester yarns and special products including cotton and blended yarn spindles, and rotors. It operates in two business segments that is trading and leasing divison. The firm derives majority revenue through the manufacturing and trading activity of cotton /polyster Cotton blended yarn.

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