Al-Haj Textile Mills (DHA:AL-HAJTEX) Inventory Turnover : 0.26 (As of Mar. 2023)

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What is Al-Haj Textile 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. Al-Haj Textile Mills's Cost of Goods Sold for the three months ended in Mar. 2023 was BDT50.5 Mil. Al-Haj Textile Mills's Average Total Inventories for the quarter that ended in Mar. 2023 was BDT191.6 Mil. Al-Haj Textile Mills's Inventory Turnover for the quarter that ended in Mar. 2023 was 0.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Al-Haj Textile Mills's Days Inventory for the three months ended in Mar. 2023 was 346.01.

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. Al-Haj Textile Mills's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 3.60.

Al-Haj Textile Mills Inventory Turnover Historical Data

The historical data trend for Al-Haj Textile 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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Al-Haj Textile Mills Inventory Turnover Chart

Al-Haj Textile Mills Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Inventory Turnover

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2.23

0.56

0.51

1.14

2.11

Al-Haj Textile Mills Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Inventory Turnover	Get a 7-Day Free Trial															1.48	0.32	0.53	0.71	0.26

Al-Haj Textile Mills Inventory Turnover Calculation

Al-Haj Textile Mills's Inventory Turnover for the fiscal year that ended in Jun. 2022 is calculated as

	Inventory Turnover (A: Jun. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2022 )	/ (	(Total Inventories (A: Jun. 2021 )	+	Total Inventories (A: Jun. 2022 ))	/	count )
=	308.849	/ (	(89.554	+	203.222)	/	2 )
=	308.849	/	146.388
=	2.11

Al-Haj Textile Mills's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	50.525	/ (	(170.785	+	212.387)	/	2 )
=	50.525	/	191.586
=	0.26

Al-Haj Textile Mills (DHA:AL-HAJTEX) 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.

Al-Haj Textile Mills's Days Inventory for the three months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	191.586	/	50.525	*	365 / 4
	=	346.01

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.

Al-Haj Textile Mills's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	191.586	/	53.219
	=	3.60

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.

Al-Haj Textile Mills Inventory Turnover Related Terms

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Al-Haj Textile Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Al-Haj Textile Mills Ltd (DHA:AL-HAJTEX) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

66, Dilkusha Commercial Area, 4th Floor, Dhaka, BGD, 1000

Website

https://www.alhajtextilemills.com

Al-Haj Textile Mills Ltd is a Bangladesh based company primarily engaged in the manufacturing and sale of cotton yarns. It offers cotton, polyester spun, poly-viscose blend, poly-cotton blend, and viscose spun yarns. It also offers advanced, reasonable solutions for any size-reduction requirements including quarry, aggregate, and various kinds of minerals.

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