Indian Railway Catering And Tourism (NSE:IRCTC) Inventory Turnover : 65.17 (As of Dec. 2023)

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What is Indian Railway Catering And Tourism 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. Indian Railway Catering And Tourism's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹6,997 Mil. Indian Railway Catering And Tourism's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹107 Mil. Indian Railway Catering And Tourism's Inventory Turnover for the quarter that ended in Dec. 2023 was 65.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Indian Railway Catering And Tourism's Days Inventory for the three months ended in Dec. 2023 was 1.40.

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. Indian Railway Catering And Tourism's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Indian Railway Catering And Tourism Inventory Turnover Historical Data

The historical data trend for Indian Railway Catering And Tourism'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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Indian Railway Catering And Tourism Inventory Turnover Chart

Indian Railway Catering And Tourism Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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172.93

163.53

62.54

125.50

242.04

Indian Railway Catering And Tourism 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															64.06	57.85	65.60	56.39	65.17

Indian Railway Catering And Tourism Inventory Turnover Calculation

Indian Railway Catering And Tourism'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 )
=	21223.877	/ (	(79.279	+	96.095)	/	2 )
=	21223.877	/	87.687
=	242.04

Indian Railway Catering And Tourism'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 )
=	6997.168	/ (	(107.364	+	0)	/	1 )
=	6997.168	/	107.364
=	65.17

Indian Railway Catering And Tourism (NSE:IRCTC) 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.

Indian Railway Catering And Tourism'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
	=	107.364	/	6997.168	*	365 / 4
	=	1.40

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.

Indian Railway Catering And Tourism'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 )
	=	107.364	/	11183.022
	=	0.01

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.

Indian Railway Catering And Tourism Inventory Turnover Related Terms

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Indian Railway Catering And Tourism (NSE:IRCTC) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Indian Railway Catering And Tourism Corp Ltd (NSE:IRCTC) » Definitions » Inventory Turnover

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542830:India

Address

Barakhamba Road, B-148, 11th Floor, Statesman House, New Delhi, IND, 110001

Website

https://www.irctc.com

Indian Railway Catering And Tourism Corp Ltd is engaged in catering and hospitality services at stations, on trains, and other locations and to promote domestic and international tourism through the development of budget hotels, special tour packages, information and commercial publicity, and global reservation systems. The company's core services include Catering and Hospitality, Internet Ticketing, Travel and Tourism, and Packaged Drinking Water. A vast majority of its revenues are derived from the Catering business.

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