Mefcom Capital Markets (BOM:531176) Inventory Turnover : 7.45 (As of Dec. 2023)

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What is Mefcom Capital Markets 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. Mefcom Capital Markets's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹637 Mil. Mefcom Capital Markets's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹86 Mil. Mefcom Capital Markets's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mefcom Capital Markets's Days Inventory for the three months ended in Dec. 2023 was 12.25.

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. Mefcom Capital Markets's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.13.

Mefcom Capital Markets Inventory Turnover Historical Data

The historical data trend for Mefcom Capital Markets'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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Mefcom Capital Markets Inventory Turnover Chart

Mefcom Capital Markets Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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1.84

1.09

3.35

7.39

5.00

Mefcom Capital Markets Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.75	0.89	1.84	5.68	7.45

Mefcom Capital Markets Inventory Turnover Calculation

Mefcom Capital Markets's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	699.414	/ (	(162.432	+	117.258)	/	2 )
=	699.414	/	139.845
=	5.00

Mefcom Capital Markets's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	636.831	/ (	(85.517	+	0)	/	1 )
=	636.831	/	85.517
=	7.45

Mefcom Capital Markets (BOM:531176) 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.

Mefcom Capital Markets's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	85.517	/	636.831	*	365 / 4
	=	12.25

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.

Mefcom Capital Markets's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	85.517	/	677.632
	=	0.13

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.

Mefcom Capital Markets Inventory Turnover Related Terms

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Mefcom Capital Markets (BOM:531176) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Mefcom Capital Markets Ltd (BOM:531176) » Definitions » Inventory Turnover

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N/A

Address

5th Floor, 77, Nehru Place, Sanchi Building, Flat No. 18, New Delhi, IND, 110019

Website

https://www.mefcom.in

Mefcom Capital Markets Ltd is an India-based company engaged in capital market operations and merchant banking activities. The company provides investment and financial services in the field of investment banking, corporate advisory, mergers and acquisitions, brokerage, and trading in equities, derivatives, commodities, and others. It operates through the business segments of Trading in Shares & Securities and Merchant Banking Services. The group operates in India and derives maximum revenue from the Trading in Shares & Securities segment.

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