Omnitex Industries (India) (BOM:514324) Inventory Turnover : 0.00 (As of Jun. 2024)

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What is Omnitex Industries (India) 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. Omnitex Industries (India)'s Cost of Goods Sold for the three months ended in Jun. 2024 was ₹10.45 Mil. Omnitex Industries (India)'s Average Total Inventories for the quarter that ended in Jun. 2024 was ₹0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Omnitex Industries (India)'s Days Inventory for the three months ended in Jun. 2024 was 0.00.

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. Omnitex Industries (India)'s Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.00.

Omnitex Industries (India) Inventory Turnover Historical Data

The historical data trend for Omnitex Industries (India)'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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Omnitex Industries (India) Inventory Turnover Chart

Omnitex Industries (India) Annual Data

Trend

Mar15

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Mar19

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Mar21

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Mar24

Inventory Turnover

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3.34

Omnitex Industries (India) Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Omnitex Industries (India) Inventory Turnover Calculation

Omnitex Industries (India)'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 )
=	16.698	/ (	(0	+	0)	/	1 )
=	16.698	/	0
=	N/A

Omnitex Industries (India)'s Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	10.454	/ (	(0	+	0)	/	1 )
=	10.454	/	0
=	N/A

Omnitex Industries (India) (BOM:514324) 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.

Omnitex Industries (India)'s Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	0	/	10.454	*	365 / 4
	=	0.00

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.

Omnitex Industries (India)'s Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	0	/	10.606
	=	0.00

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.

Omnitex Industries (India) Inventory Turnover Related Terms

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Omnitex Industries (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Omnitex Industries (India) Ltd (BOM:514324) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Plot No. A 15/16, Central Cross Road B, Sabnam House, Ground Floor, M.I.D.C., Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.omnitex.com

Omnitex Industries (India) Ltd is a textile manufacturing India-based company. The company is engaged in the business of trading in yarns. It has one segment which is Trading in Textiles. The sale of yarn generates maximum revenue for the company.

Omnitex Industries (India) Headlines

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