Ludlow Jute & Specialities (BOM:526179) Inventory Turnover : 0.60 (As of Mar. 2024)

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What is Ludlow Jute & Specialities 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. Ludlow Jute & Specialities's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹744 Mil. Ludlow Jute & Specialities's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹1,241 Mil. Ludlow Jute & Specialities's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ludlow Jute & Specialities's Days Inventory for the three months ended in Mar. 2024 was 152.14.

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. Ludlow Jute & Specialities's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.97.

Ludlow Jute & Specialities Inventory Turnover Historical Data

The historical data trend for Ludlow Jute & Specialities'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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Ludlow Jute & Specialities Inventory Turnover Chart

Ludlow Jute & Specialities Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.87

2.65

3.96

2.82

2.16

Ludlow Jute & Specialities 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															0.61	0.56	0.70	0.50	0.60

Ludlow Jute & Specialities Inventory Turnover Calculation

Ludlow Jute & Specialities'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 )
=	2768.4	/ (	(1325.481	+	1240.5)	/	2 )
=	2768.4	/	1282.9905
=	2.16

Ludlow Jute & Specialities'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 )
=	744	/ (	(0	+	1240.5)	/	1 )
=	744	/	1240.5
=	0.60

Ludlow Jute & Specialities (BOM:526179) 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.

Ludlow Jute & Specialities'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
	=	1240.5	/	744	*	365 / 4
	=	152.14

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.

Ludlow Jute & Specialities'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 )
	=	1240.5	/	1275.3
	=	0.97

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.

Ludlow Jute & Specialities Inventory Turnover Related Terms

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Ludlow Jute & Specialities (BOM:526179) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ludlow Jute & Specialities Ltd (BOM:526179) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

23C, Ashutosh Chowdhury Avenue, KCI Plaza, 4th Floor, Kolkata, WB, IND, 700 019

Website

https://www.ludlowjute.com

Ludlow Jute & Specialities Ltd is an India-based company, which offers jute goods. The company operates in the segment of manufacturing and sale of Jute Goods. It offers products such as Jute yarn, Hessian cloth, and Food grade bags; Jute geotextiles, such as Soil saver (Jute mesh), woven and nonwoven, and diversified products, such as Jute felt/nonwoven, Jute canvas, Leno/scrim cloth, and Decorative hessian fabric. The company primarily operates in India. It also offers its products in the Overseas market.

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