Zenith Fibres (BOM:514266) Inventory Turnover : 2.25 (As of Sep. 2024)

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What is Zenith Fibres 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. Zenith Fibres's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹88.8 Mil. Zenith Fibres's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹39.5 Mil. Zenith Fibres's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zenith Fibres's Days Inventory for the three months ended in Sep. 2024 was 40.60.

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. Zenith Fibres's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.30.

Zenith Fibres Inventory Turnover Historical Data

The historical data trend for Zenith Fibres'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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Zenith Fibres Inventory Turnover Chart

Zenith Fibres Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.43

10.78

8.59

4.48

Zenith Fibres Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.66	1.39	1.07	1.20	2.25

Zenith Fibres Inventory Turnover Calculation

Zenith Fibres'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 )
=	223.534	/ (	(43.802	+	56.096)	/	2 )
=	223.534	/	49.949
=	4.48

Zenith Fibres's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	88.77	/ (	(0	+	39.497)	/	1 )
=	88.77	/	39.497
=	2.25

Zenith Fibres (BOM:514266) 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.

Zenith Fibres's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	39.497	/	88.77	*	365 / 4
	=	40.60

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.

Zenith Fibres's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	39.497	/	132.797
	=	0.30

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.

Zenith Fibres Inventory Turnover Related Terms

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Zenith Fibres Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zenith Fibres Ltd (BOM:514266) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Subhanpura Road, 103 Synergy House, Vadodara, GJ, IND, 390 023

Website

https://www.zenithfibres.com

Zenith Fibres Ltd is an Indian based company engaged in the manufacturing of man-made fibers such as polypropylene staple fiber. The polypropylene fiber product is used in a wide variety of areas; some of these include spun yarn filter fabrics, non-woven filter fabrics, geo-textiles, floor coverings and carpet backings, furnishing fabrics, blankets, wall-coverings, in the construction industry. Its segment includes Manmade Fibre and Wind Mill. The company generates maximum revenue from the Manmade Fibre segment.

Zenith Fibres Headlines

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