Surat Trade & Mercantile (BOM:530185) Inventory Turnover : 1.04 (As of Mar. 2024)

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What is Surat Trade & Mercantile 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. Surat Trade & Mercantile's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹146.5 Mil. Surat Trade & Mercantile's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹140.5 Mil. Surat Trade & Mercantile's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Surat Trade & Mercantile's Days Inventory for the three months ended in Mar. 2024 was 87.49.

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. Surat Trade & Mercantile's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.93.

Surat Trade & Mercantile Inventory Turnover Historical Data

The historical data trend for Surat Trade & Mercantile'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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Surat Trade & Mercantile Inventory Turnover Chart

Surat Trade & Mercantile Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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14.35

0.15

0.35

27.69

4.43

Surat Trade & Mercantile 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															-	-	-	-	1.04

Surat Trade & Mercantile Inventory Turnover Calculation

Surat Trade & Mercantile'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 )
=	622.409	/ (	(0	+	140.47)	/	1 )
=	622.409	/	140.47
=	4.43

Surat Trade & Mercantile'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 )
=	146.504	/ (	(0	+	140.47)	/	1 )
=	146.504	/	140.47
=	1.04

Surat Trade & Mercantile (BOM:530185) 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.

Surat Trade & Mercantile'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
	=	140.47	/	146.504	*	365 / 4
	=	87.49

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.

Surat Trade & Mercantile'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 )
	=	140.47	/	150.922
	=	0.93

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.

Surat Trade & Mercantile Inventory Turnover Related Terms

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Surat Trade & Mercantile (BOM:530185) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Surat Trade & Mercantile Ltd (BOM:530185) » Definitions » Inventory Turnover

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Address

Puna-Kumbharia Road, Tulsi Krupa Arcade, 6th Floor, Near Aai Mata Chowk, Dumbhal, Surat, GJ, IND, 395010

Website

http://www.surattextilemillsltd.com

Surat Textile Mills Ltd is engaged in the manufacturing and selling of Polyester filament yarn, polyester chips, and spun yarn. It produces ring-spun yarn for the domestic market in various ranges, such as 100% polyester, 100% viscose, 100% modal, polyester viscose blend, and polyester modal blend. The Company's business segment consists of a single segment of Commodity Trading. The company derives a majority of its revenue from the Commodity trading segment. Geographically, it derives the majority of its revenue from India..

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