Coastal (BOM:501831) Inventory Turnover : 0.59 (As of Dec. 2024)

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What is Coastal 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. Coastal's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹1,221 Mil. Coastal's Average Total Inventories for the quarter that ended in Dec. 2024 was ₹2,066 Mil. Coastal's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Coastal's Days Inventory for the three months ended in Dec. 2024 was 154.42.

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. Coastal's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.13.

Coastal Inventory Turnover Historical Data

The historical data trend for Coastal'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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Coastal Inventory Turnover Chart

Coastal Annual Data

Trend

Mar14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.50

3.70

3.57

2.21

2.27

Coastal Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.43	0.76	0.49	0.48	0.59

Coastal Inventory Turnover Calculation

Coastal's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	3202.036	/ (	(1160.827	+	1664.603)	/	2 )
=	3202.036	/	1412.715
=	2.27

Coastal's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	1221.024	/ (	(2066.27	+	0)	/	1 )
=	1221.024	/	2066.27
=	0.59

Coastal (BOM:501831) 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.

Coastal's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	2066.27	/	1221.024	*	365 / 4
	=	154.42

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.

Coastal's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	2066.27	/	1835.541
	=	1.13

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.

Coastal Inventory Turnover Related Terms

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Coastal Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Coastal Corp Ltd (BOM:501831) » Definitions » Inventory Turnover

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COASTCORP:India

Address

Nowroji Road, 15-1-37/3, Jayaprada Apartments, Maharanipeta, Vishakapatnam, AP, IND, 530 002

Website

https://www.coastalcorp.co.in

Coastal Corp Ltd is a seafood processing and exporting company. Its products include sea tiger, whites, pink brown, vannamei, and black tiger. The company derives revenue from Sale of Shrimp products. It offers shrimp in a number of forms, including raw frozen blocks and IQF, cooked in frozen blocks and IQF, and cooked in IQF. The company exports its products to the United States, Europe, Canada, the United Arab Emirates, China, and Hong Kong, and derives its revenue from the same.

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