Blue Dart Express (BOM:526612) Inventory Turnover : 21.05 (As of Mar. 2024)

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What is Blue Dart Express 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. Blue Dart Express's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹10,911 Mil. Blue Dart Express's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹518 Mil. Blue Dart Express's Inventory Turnover for the quarter that ended in Mar. 2024 was 21.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Blue Dart Express's Days Inventory for the three months ended in Mar. 2024 was 4.33.

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. Blue Dart Express's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.

Blue Dart Express Inventory Turnover Historical Data

The historical data trend for Blue Dart Express'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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Blue Dart Express Inventory Turnover Chart

Blue Dart Express Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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101.51

91.57

101.54

113.54

95.90

Blue Dart Express 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															25.62	26.32	23.67	24.78	21.05

Blue Dart Express Inventory Turnover Calculation

Blue Dart Express'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 )
=	43720.2	/ (	(393.5	+	518.3)	/	2 )
=	43720.2	/	455.9
=	95.90

Blue Dart Express'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 )
=	10910.5	/ (	(0	+	518.3)	/	1 )
=	10910.5	/	518.3
=	21.05

Blue Dart Express (BOM:526612) 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.

Blue Dart Express'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
	=	518.3	/	10910.5	*	365 / 4
	=	4.33

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.

Blue Dart Express'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 )
	=	518.3	/	13228.7
	=	0.04

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.

Blue Dart Express Inventory Turnover Related Terms

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Blue Dart Express (BOM:526612) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Blue Dart Express Ltd (BOM:526612) » Definitions » Inventory Turnover

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BLUEDART:India

Address

Sahar Airport Road, Blue Dart Centre, Andheri (East), Mumbai, MH, IND, 400 099

Website

https://www.bluedart.com

Blue Dart Express Ltd is a courier and package delivery company which focuses on express delivery using air and ground transportation in India. The company is headquartered in India, and generates all revenue domestically. Blue Dart Express operates through a single segment, and provides integrated air and ground transportation to distribute packages to various destinations within India. The company also operates and maintains aircraft for the purpose of package delivery.

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