Shilp Gravures (BOM:513709) Inventory Turnover : 0.99 (As of Mar. 2024)

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What is Shilp Gravures 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. Shilp Gravures's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹75.1 Mil. Shilp Gravures's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹75.7 Mil. Shilp Gravures's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shilp Gravures's Days Inventory for the three months ended in Mar. 2024 was 91.99.

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. Shilp Gravures's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.34.

Shilp Gravures Inventory Turnover Historical Data

The historical data trend for Shilp Gravures'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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Shilp Gravures Inventory Turnover Chart

Shilp Gravures Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.41

3.58

4.39

3.55

3.80

Shilp Gravures 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															0.94	0.91	1.06	0.85	0.99

Shilp Gravures Inventory Turnover Calculation

Shilp Gravures'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 )
=	287.856	/ (	(75.708	+	75.668)	/	2 )
=	287.856	/	75.688
=	3.80

Shilp Gravures'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 )
=	75.057	/ (	(0	+	75.668)	/	1 )
=	75.057	/	75.668
=	0.99

Shilp Gravures (BOM:513709) 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.

Shilp Gravures'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
	=	75.668	/	75.057	*	365 / 4
	=	91.99

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.

Shilp Gravures'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 )
	=	75.668	/	224.166
	=	0.34

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.

Shilp Gravures Inventory Turnover Related Terms

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Shilp Gravures (BOM:513709) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shilp Gravures Ltd (BOM:513709) » Definitions » Inventory Turnover

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Address

Maple Trade Center, 7th Floor, 715 to 717, Near Surdhara Circle, Thaltej, Ahmedabad, GJ, IND, 380058

Website

https://www.shilpgravures.com

Shilp Gravures Ltd is an India-based company, which offers engraved copper rollers and printing plates. It serves various sections of the gravure industry, such as flexible packaging, Anilox rollers, polyvinyl chloride (PVC) flooring, artificial leather, gift wrapper, security printing, and transfer printing. The company's segments includes manufacture of engraved copper rollers and energy generation through wind mill. The Engraved Copper Roller segment derives the majority revenue engaged in the manufacture of engraved copper rollers. The Wind Mill segment is engaged in energy generation through the windmill.

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