Adinath Textiles (BOM:514113) Inventory Turnover : 2.61 (As of Dec. 2023)

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What is Adinath Textiles 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. Adinath Textiles's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹0.27 Mil. Adinath Textiles's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹0.11 Mil. Adinath Textiles's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Adinath Textiles's Days Inventory for the three months ended in Dec. 2023 was 34.97.

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.

Adinath Textiles Inventory Turnover Historical Data

The historical data trend for Adinath Textiles'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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Adinath Textiles Inventory Turnover Chart

Adinath Textiles Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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29.34

10.89

13.09

13.70

10.04

Adinath Textiles Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.20	2.55	2.74	3.35	2.61

Adinath Textiles Inventory Turnover Calculation

Adinath Textiles's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	1.054	/ (	(0.105	+	0.105)	/	2 )
=	1.054	/	0.105
=	10.04

Adinath Textiles's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.274	/ (	(0.105	+	0)	/	1 )
=	0.274	/	0.105
=	2.61

Adinath Textiles (BOM:514113) 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.

Adinath Textiles's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.105	/	0.274	*	365 / 4
	=	34.97

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.

Adinath Textiles's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.105	/	0
	=

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.

Adinath Textiles Inventory Turnover Related Terms

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Adinath Textiles (BOM:514113) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Adinath Textiles Ltd (BOM:514113) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Chandigarh Road, P.O. Sahabana, Village Bholapur, Ludhiana, PB, IND, 141123

Website

https://www.adinathtextiles.com

Adinath Textiles Ltd is an India-based company engaged in the spinning of worsted and spun yarns. It has manufacturing set up base in Ludhiana in the state of Punjab. It has devoted the principal part of its production capacity to Job works. In addition, the company has taken up the trading activities to avail of the available opportunities. The company has only one segment including the manufacturing of Acrylic and worsted yarn.

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