Shree Bhavya Fabrics (BOM:521131) Inventory Turnover : 0.33 (As of Mar. 2024)

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What is Shree Bhavya Fabrics 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. Shree Bhavya Fabrics's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹241 Mil. Shree Bhavya Fabrics's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹735 Mil. Shree Bhavya Fabrics's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shree Bhavya Fabrics's Days Inventory for the three months ended in Mar. 2024 was 279.01.

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. Shree Bhavya Fabrics's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.46.

Shree Bhavya Fabrics Inventory Turnover Historical Data

The historical data trend for Shree Bhavya Fabrics'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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Shree Bhavya Fabrics Inventory Turnover Chart

Shree Bhavya Fabrics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.21

2.32

2.13

1.36

1.06

Shree Bhavya Fabrics 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															0.47	0.27	0.32	0.17	0.33

Shree Bhavya Fabrics Inventory Turnover Calculation

Shree Bhavya Fabrics'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 )
=	734.65	/ (	(655.545	+	735.394)	/	2 )
=	734.65	/	695.4695
=	1.06

Shree Bhavya Fabrics'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 )
=	240.512	/ (	(0	+	735.394)	/	1 )
=	240.512	/	735.394
=	0.33

Shree Bhavya Fabrics (BOM:521131) 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.

Shree Bhavya Fabrics'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
	=	735.394	/	240.512	*	365 / 4
	=	279.01

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.

Shree Bhavya Fabrics'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 )
	=	735.394	/	505.053
	=	1.46

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.

Shree Bhavya Fabrics Inventory Turnover Related Terms

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Shree Bhavya Fabrics (BOM:521131) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shree Bhavya Fabrics Ltd (BOM:521131) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

252 New Cloth Market, O/S Raipur Gate, Ahmedabad, GJ, IND, 380002

Website

https://www.shreebhavyafabrics.com

Shree Bhavya Fabrics Ltd ventures in the textile industry. The company is engaged in textile manufacturing and related activities. It offers fabric and grey fabrics, including fabricated and home textiles. It offers products, including home furnishings, bottom-weight fabric, and shirting fabric. Its home furnishings include bed sheets, quilt covers/duvet covers, flat sheets, fitted sheets, and cushion covers. The company's bottom-weight products include dobbies, double cloth, corduroys, cotton twills, and others. Its shirting fabric products include casuals, plaid, striped, military, and western.

Shree Bhavya Fabrics (BOM:521131) Headlines

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