Suryalakshmi Cotton Mills (BOM:521200) Inventory Turnover : 0.83 (As of Mar. 2024)

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What is Suryalakshmi Cotton Mills 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. Suryalakshmi Cotton Mills's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,583 Mil. Suryalakshmi Cotton Mills's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹1,900 Mil. Suryalakshmi Cotton Mills's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Suryalakshmi Cotton Mills's Days Inventory for the three months ended in Mar. 2024 was 109.53.

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. Suryalakshmi Cotton Mills's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.80.

Suryalakshmi Cotton Mills Inventory Turnover Historical Data

The historical data trend for Suryalakshmi Cotton Mills'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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Suryalakshmi Cotton Mills Inventory Turnover Chart

Suryalakshmi Cotton Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.96

2.68

4.09

3.50

2.84

Suryalakshmi Cotton Mills 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															0.89	0.68	0.66	0.65	0.83

Suryalakshmi Cotton Mills Inventory Turnover Calculation

Suryalakshmi Cotton Mills'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 )
=	4831.291	/ (	(1499.425	+	1899.977)	/	2 )
=	4831.291	/	1699.701
=	2.84

Suryalakshmi Cotton Mills'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 )
=	1582.901	/ (	(0	+	1899.977)	/	1 )
=	1582.901	/	1899.977
=	0.83

Suryalakshmi Cotton Mills (BOM:521200) 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.

Suryalakshmi Cotton Mills'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
	=	1899.977	/	1582.901	*	365 / 4
	=	109.53

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.

Suryalakshmi Cotton Mills'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 )
	=	1899.977	/	2388.54
	=	0.80

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.

Suryalakshmi Cotton Mills Inventory Turnover Related Terms

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Suryalakshmi Cotton Mills (BOM:521200) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Suryalakshmi Cotton Mills Ltd (BOM:521200) » Definitions » Inventory Turnover

Traded in Other Exchanges

SURYALAXMI:India

Address

105, Sardar Patel Road, 6th Floor, Surya Towers, Secunderabad, TG, IND, 500003

Website

http://www.suryalakshmi.com

Suryalakshmi Cotton Mills Ltd is an original denim manufacturer which has an integrated business model. The company operates in various business segments that include Spinning and Denim out of which the Spinning segment generates maximum revenue for the company.

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