Gujarat Cotex (BOM:514386) Inventory Turnover : 48.44 (As of Dec. 2023)

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What is Gujarat Cotex 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. Gujarat Cotex's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹42.1 Mil. Gujarat Cotex's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹0.9 Mil. Gujarat Cotex's Inventory Turnover for the quarter that ended in Dec. 2023 was 48.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gujarat Cotex's Days Inventory for the three months ended in Dec. 2023 was 1.88.

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. Gujarat Cotex's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Gujarat Cotex Inventory Turnover Historical Data

The historical data trend for Gujarat Cotex'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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Gujarat Cotex Inventory Turnover Chart

Gujarat Cotex Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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334.85

87.38

33.63

26.44

28.76

Gujarat Cotex 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															15.46	8.39	13.33	44.90	48.44

Gujarat Cotex Inventory Turnover Calculation

Gujarat Cotex'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 )
=	164.623	/ (	(7.833	+	3.616)	/	2 )
=	164.623	/	5.7245
=	28.76

Gujarat Cotex'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 )
=	42.097	/ (	(0.869	+	0)	/	1 )
=	42.097	/	0.869
=	48.44

Gujarat Cotex (BOM:514386) 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.

Gujarat Cotex'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
	=	0.869	/	42.097	*	365 / 4
	=	1.88

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.

Gujarat Cotex'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 )
	=	0.869	/	43.908
	=	0.02

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.

Gujarat Cotex Inventory Turnover Related Terms

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Gujarat Cotex (BOM:514386) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gujarat Cotex Ltd (BOM:514386) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

2007, Shankar plaza, Nanpura, Timaliyawad, Surat, GJ, IND, 395001

Website

http://www.gujcotex.com

Gujarat Cotex Ltd is an India-based company engaged in the trading of textile fabrics and trading in plots or land during the year. The company operates in single segment only the wholesale Trading in fabrics. In addition, it is involved in the manufacturing, bleaching, weaving, printing, and selling of all types of clothes and other related materials. The company caters to domestic markets.

Gujarat Cotex (BOM:514386) Headlines

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