PBM Polytex (BOM:514087) Inventory Turnover : 0.66 (As of Mar. 2024)

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What is PBM Polytex 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. PBM Polytex's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹371 Mil. PBM Polytex's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹562 Mil. PBM Polytex's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PBM Polytex's Days Inventory for the three months ended in Mar. 2024 was 138.23.

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. PBM Polytex's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.08.

PBM Polytex Inventory Turnover Historical Data

The historical data trend for PBM Polytex'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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PBM Polytex Inventory Turnover Chart

PBM Polytex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.72

1.84

2.27

2.52

3.00

PBM Polytex 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															1.02	0.87	1.46	1.19	0.66

PBM Polytex Inventory Turnover Calculation

PBM Polytex'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 )
=	1390.378	/ (	(365.924	+	562.067)	/	2 )
=	1390.378	/	463.9955
=	3.00

PBM Polytex'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 )
=	371.046	/ (	(0	+	562.067)	/	1 )
=	371.046	/	562.067
=	0.66

PBM Polytex (BOM:514087) 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.

PBM Polytex'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
	=	562.067	/	371.046	*	365 / 4
	=	138.23

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.

PBM Polytex'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 )
	=	562.067	/	521.217
	=	1.08

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.

PBM Polytex Inventory Turnover Related Terms

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PBM Polytex (BOM:514087) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PBM Polytex Ltd (BOM:514087) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Productivity Road, Alkapuri, 8th Floor, Ramakrishna Chambers, Vadodara, GJ, IND, 390 007

Website

https://www.pbmpolytex.com

PBM Polytex Ltd is a yarn manufacturing company. The company is engaged in the manufacturing and processing of cotton yarn and having two cotton spinning units one at Petlad (Gujarat) and another at Borgaon (Madhya Pradesh). It has also four Windmills generating electricity. The company offers raw cotton, such as Shankar 6, and imported varieties, such as Egyptian-Giza, Californian Acala SJV, USA Pima, Israel Pima, Peruvian PIMA, Sudan VS, Australian, Central American SJV, West African and Turkish. Its yarns are used in applications, such as knitting, weaving, gassing, and mercerizing.

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