Devine Impex (BOM:531585) Inventory Turnover: 0.08 (As of Mar. 2026)

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BOM:531585 Devine Impex Ltd BOM:531585
62 GF Score
Price ₹9.00
GF Value ₹7.06
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Devine Impex Inventory Turnover?

Devine Impex BOM:531585 62 Inventory Turnover is 0.08 as of Mar. 2026. GuruFocus rates BOM:531585 with a GF Score™ of 62/100 and a GF Value™ of ₹7.06 (Modestly Overvalued). The stock has 3 warning signs investors should review.

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. Devine Impex's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹8.26 Mil. Devine Impex's Average Total Inventories for the quarter that ended in Mar. 2026 was ₹109.37 Mil. Devine Impex's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Devine Impex's Days Inventory for the three months ended in Mar. 2026 was 1,207.91.

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. Devine Impex's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 14.56.

Devine Impex  (BOM:531585) 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.

Devine Impex's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=109.367/8.262*365 / 4
=1,207.91

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.

Devine Impex's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=109.367 / 7.509
=14.56

* 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.

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.

Devine Impex Inventory Turnover Related Terms

Devine Impex Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Devine Impex'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.

Devine Impex Inventory Turnover Chart

Devine Impex Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 0.14 0.14 0.16 0.14

Devine Impex Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.08 0.01 0.03 0.03 0.08
BOM:531585
62GF Score
Devine Impex Ltd BOM:531585
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Devine Impex Inventory Turnover Calculation

Devine Impex's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Inventory Turnover (A: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2026 ) / ((Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count )
=14.988 / ((108.686 + 109.367) / 2 )
=14.988 / 109.0265
=0.14

Devine Impex's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=8.262 / ((0 + 109.367) / 1 )
=8.262 / 109.367
=0.08

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.08 mean?
Devine Impex (BOM:531585) has a Inventory Turnover of 0.08 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Devine Impex and its competitors.
Is Devine Impex's Inventory Turnover too high?
Devine Impex's current Inventory Turnover is 0.08. Overall, Devine Impex has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Devine Impex's Inventory Turnover compare to TPR?
Devine Impex's Inventory Turnover of 0.08 can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Retail - Cyclical company?
A good Inventory Turnover depends on the Retail - Cyclical industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Devine Impex and its competitors. Devine Impex's current Inventory Turnover is 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Devine Impex stock overvalued right now?
Based on GuruFocus' analysis, Devine Impex (BOM:531585) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹7.06, compared to a current price of ₹9.00 — trading 27.5% above its estimated fair value. The current Inventory Turnover is 0.08. Devine Impex's overall GF Score™ is 62/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Devine Impex (BOM:531585), the current Inventory Turnover is 0.08 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Devine Impex (BOM:531585) Overvalued in 2026?

Based on GuruFocus' analysis, Devine Impex stock appears to be overvalued. The current stock price of ₹9.00 is trading 27.5% above its estimated GF Value™ of ₹7.06. GuruFocus considers Devine Impex to be Modestly Overvalued.

Key valuation signals for BOM:531585:

  • Inventory Turnover: 0.08
  • GF Value™: ₹7.06 vs. price of ₹9.00 (27.5% above fair value)
  • GF Score™: 62/100 with 3 warning signs

No single metric tells the full story. See the BOM:531585 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Devine Impex Business Description

Address Industrial Focal Point, The Groove, C-157, 1st Floor, Phase VII, Mohali, PB, IND, 160059
Devine Impex Ltd is engaged in the business of trading bullion, jewelry, and ornaments.
62GF Score

Get the complete analysis for BOM:531585

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹9.00
Price
₹7.06
GF Value