Shiva Mills (BOM:540961) Inventory Turnover : 1.05 (As of Dec. 2023)

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What is Shiva Mills 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. Shiva Mills's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹275 Mil. Shiva Mills's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹262 Mil. Shiva Mills's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shiva Mills's Days Inventory for the three months ended in Dec. 2023 was 87.03.

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. Shiva Mills's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.74.

Shiva Mills Inventory Turnover Historical Data

The historical data trend for Shiva Mills'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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Shiva Mills Inventory Turnover Chart

Shiva Mills Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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2.77

3.28

3.04

3.98

4.41

Shiva Mills 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															1.12	2.09	1.62	1.28	1.05

Shiva Mills Inventory Turnover Calculation

Shiva Mills'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 )
=	1322.699	/ (	(445.629	+	154.599)	/	2 )
=	1322.699	/	300.114
=	4.41

Shiva Mills'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 )
=	274.725	/ (	(262.015	+	0)	/	1 )
=	274.725	/	262.015
=	1.05

Shiva Mills (BOM:540961) 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.

Shiva Mills'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
	=	262.015	/	274.725	*	365 / 4
	=	87.03

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.

Shiva Mills'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 )
	=	262.015	/	354.375
	=	0.74

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.

Shiva Mills Inventory Turnover Related Terms

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Shiva Mills (BOM:540961) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shiva Mills Ltd (BOM:540961) » Definitions » Inventory Turnover

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SHIVAMILLS:India

Address

249-A, Bye-Pass Road Mettupalayam Road, Coimbatore, TN, IND, 641043

Website

http://www.shivamills.com

Shiva Mills Ltd is a textile manufacturing company. Its products include cotton yarn, grey fabric, and others. The company operates into a single segment which is Textiles. The company sells its products in the Indian market as well as internationally, but the majority of its revenues are derived from India.

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