Shukra Jewellery (BOM:523790) Inventory Turnover : 0.11 (As of Sep. 2024)

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What is Shukra Jewellery 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. Shukra Jewellery's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹16.50 Mil. Shukra Jewellery's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹145.88 Mil. Shukra Jewellery's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shukra Jewellery's Days Inventory for the three months ended in Sep. 2024 was 807.02.

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. Shukra Jewellery's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 7.15.

Shukra Jewellery Inventory Turnover Historical Data

The historical data trend for Shukra Jewellery'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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Shukra Jewellery Inventory Turnover Chart

Shukra Jewellery Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.14

0.47

0.16

0.12

0.33

Shukra Jewellery 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															0.05	-	0.21	0.03	0.11

Shukra Jewellery Inventory Turnover Calculation

Shukra Jewellery'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 )
=	42.922	/ (	(123.095	+	137.31)	/	2 )
=	42.922	/	130.2025
=	0.33

Shukra Jewellery'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 )
=	16.495	/ (	(0	+	145.883)	/	1 )
=	16.495	/	145.883
=	0.11

Shukra Jewellery (BOM:523790) 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.

Shukra Jewellery'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
	=	145.883	/	16.495	*	365 / 4
	=	807.02

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.

Shukra Jewellery'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 )
	=	145.883	/	20.413
	=	7.15

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.

Shukra Jewellery Inventory Turnover Related Terms

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Shukra Jewellery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shukra Jewellery Ltd (BOM:523790) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

S.G. Highway, Bodakdev, Panchdhara Complex, 3rd Floor, Near The Grand Bhagwati Hotel, Ahmedabad, GJ, IND, 380054

Website

https://www.sukra.com

Shukra Jewellery Ltd is an India-based company engaged in the gems and jewellery business. It manufactures and sells gems, diamonds, plain and studded gold and silver jewellery. It also deals with the trading of cut, polished diamonds. In addition, the company is involved in the real estate and construction work business. The group markets polished diamonds and gold jewellery in both the Indian and international markets. It has two reportable segments: Diamonds and Gold Jewellery; and Real Estate Business. It generates the majority of its revenue from the Real Estate segment.

Shukra Jewellery Headlines

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