Blue Chip Tex Industries (BOM:506981) Inventory Turnover : 3.66 (As of Mar. 2024)

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What is Blue Chip Tex Industries 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. Blue Chip Tex Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹503 Mil. Blue Chip Tex Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹137 Mil. Blue Chip Tex Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Blue Chip Tex Industries's Days Inventory for the three months ended in Mar. 2024 was 24.90.

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. Blue Chip Tex Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.23.

Blue Chip Tex Industries Inventory Turnover Historical Data

The historical data trend for Blue Chip Tex Industries'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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Blue Chip Tex Industries Inventory Turnover Chart

Blue Chip Tex Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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27.49

15.55

21.68

20.58

17.63

Blue Chip Tex Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															4.67	4.92	4.61	4.73	3.66

Blue Chip Tex Industries Inventory Turnover Calculation

Blue Chip Tex Industries'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 )
=	2110.138	/ (	(102.15	+	137.211)	/	2 )
=	2110.138	/	119.6805
=	17.63

Blue Chip Tex Industries's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	502.774	/ (	(0	+	137.211)	/	1 )
=	502.774	/	137.211
=	3.66

Blue Chip Tex Industries (BOM:506981) 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.

Blue Chip Tex Industries's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	137.211	/	502.774	*	365 / 4
	=	24.90

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.

Blue Chip Tex Industries's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	137.211	/	596.662
	=	0.23

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.

Blue Chip Tex Industries Inventory Turnover Related Terms

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Blue Chip Tex Industries (BOM:506981) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Blue Chip Tex Industries Ltd (BOM:506981) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Jamnalal Bajaj Road, Office no. 15,16 and 17, Maker Chambers-III, 1st Floor, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.bluechiptexindustrieslimited.com

Blue Chip Tex Industries Ltd is an India based company engaged in the business of Polyester Texturised. It is a manufacturer of synthetic or artificial filament yarn, tenacity yarn including high tenacity yarn. The company's main business segment is manufacturing of polyester texturised yarn and sale in the domestic market.

Blue Chip Tex Industries (BOM:506981) Headlines

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