Bhandari Hosiery Exports (BOM:512608) Inventory Turnover : 0.84 (As of Mar. 2024)

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What is Bhandari Hosiery Exports 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. Bhandari Hosiery Exports's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹719 Mil. Bhandari Hosiery Exports's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹857 Mil. Bhandari Hosiery Exports's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bhandari Hosiery Exports's Days Inventory for the three months ended in Mar. 2024 was 108.72.

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. Bhandari Hosiery Exports's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.96.

Bhandari Hosiery Exports Inventory Turnover Historical Data

The historical data trend for Bhandari Hosiery Exports'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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Bhandari Hosiery Exports Inventory Turnover Chart

Bhandari Hosiery Exports Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.42

2.62

3.23

2.76

2.41

Bhandari Hosiery Exports 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															1.16	0.48	0.64	0.64	0.84

Bhandari Hosiery Exports Inventory Turnover Calculation

Bhandari Hosiery Exports'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 )
=	1993.139	/ (	(796.558	+	856.654)	/	2 )
=	1993.139	/	826.606
=	2.41

Bhandari Hosiery Exports'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 )
=	718.998	/ (	(0	+	856.654)	/	1 )
=	718.998	/	856.654
=	0.84

Bhandari Hosiery Exports (BOM:512608) 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.

Bhandari Hosiery Exports'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
	=	856.654	/	718.998	*	365 / 4
	=	108.72

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.

Bhandari Hosiery Exports'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 )
	=	856.654	/	888.301
	=	0.96

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.

Bhandari Hosiery Exports Inventory Turnover Related Terms

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Bhandari Hosiery Exports (BOM:512608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bhandari Hosiery Exports Ltd (BOM:512608) » Definitions » Inventory Turnover

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Traded in Other Exchanges

BHANDARI:India

Address

Rahon Road, Bhandari House, Village Meharban, Ludhiana, PB, IND, 141007

Website

https://www.bhandariexport.com

Bhandari Hosiery Exports Ltd is an India-based firm. The company is engaged in the manufacturing and distribution of textiles consisting of fabric and garments. It is engaged in dyeing, knitting, and finishing of fabrics. Its product portfolio includes products like T-Shirts, pullovers, sweatshirts, bermudas, polo shirts, tracksuits, pajamas, lowers, ladies, knitted tops with embroidery and prints. Majority of its revenue is earned from the Indian market, while it is also engaged in the export of knitted hosiery garments.

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