IITL Projects (BOM:531968) Inventory Turnover : 0.24 (As of Dec. 2023)

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What is IITL Projects 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. IITL Projects's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹3.80 Mil. IITL Projects's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹15.63 Mil. IITL Projects's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IITL Projects's Days Inventory for the three months ended in Dec. 2023 was 375.55.

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. IITL Projects's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.69.

IITL Projects Inventory Turnover Historical Data

The historical data trend for IITL Projects'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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IITL Projects Inventory Turnover Chart

IITL Projects Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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0.05

0.13

0.07

0.24

0.31

IITL Projects 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															0.08	0.24	0.13	0.38	0.24

IITL Projects Inventory Turnover Calculation

IITL Projects'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 )
=	9.208	/ (	(34.043	+	24.835)	/	2 )
=	9.208	/	29.439
=	0.31

IITL Projects'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 )
=	3.797	/ (	(15.627	+	0)	/	1 )
=	3.797	/	15.627
=	0.24

IITL Projects (BOM:531968) 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.

IITL Projects'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
	=	15.627	/	3.797	*	365 / 4
	=	375.55

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.

IITL Projects'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 )
	=	15.627	/	5.808
	=	2.69

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.

IITL Projects Inventory Turnover Related Terms

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IITL Projects (BOM:531968) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » IITL Projects Ltd (BOM:531968) » Definitions » Inventory Turnover

Traded in Other Exchanges

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Address

313-315, Vikas Deep Building, District Centre, Laxmi Nagar, Delhi, IND, 110092

Website

https://www.iitlprojects.com

IITL Projects Ltd is engaged in the real estate business and construction of residential complexes in the National Capital Region (NCR). It operates through the Real Estate development and related activities segment. It is also involved in providing techno-commercial consultancy to infrastructure projects. The company's projects under construction at various levels include Express Park View, Express Park View-II, The Hyde Park, The Golden Palms, and The Golden Palm Village.

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