Hit Kit Global Solutions (BOM:532359) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is Hit Kit Global Solutions 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. Hit Kit Global Solutions's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹0.61 Mil. Hit Kit Global Solutions's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hit Kit Global Solutions's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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. Hit Kit Global Solutions's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Hit Kit Global Solutions Inventory Turnover Historical Data

The historical data trend for Hit Kit Global Solutions'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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Hit Kit Global Solutions Inventory Turnover Chart

Hit Kit Global Solutions Annual Data

Trend

Mar15

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Mar24

Inventory Turnover

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Hit Kit Global Solutions 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															-	-	-	-	-

Hit Kit Global Solutions Inventory Turnover Calculation

Hit Kit Global Solutions'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 )
=	2.394	/ (	(0	+	0)	/	1 )
=	2.394	/	0
=	N/A

Hit Kit Global Solutions'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 )
=	0.605	/ (	(0	+	0)	/	1 )
=	0.605	/	0
=	N/A

Hit Kit Global Solutions (BOM:532359) 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.

Hit Kit Global Solutions'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
	=	0	/	0.605	*	365 / 4
	=	0.00

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.

Hit Kit Global Solutions'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 )
	=	0	/	0.695
	=	0.00

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.

Hit Kit Global Solutions Inventory Turnover Related Terms

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Hit Kit Global Solutions (BOM:532359) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Hit Kit Global Solutions Ltd (BOM:532359) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Off LinkRoad, Office No. 142, 1st Floor, Evershine Mall, Malad (West), Mumbai, MH, IND, 400064

Website

http://www.hitkitglobal.com

Hit Kit Global Solutions Ltd is an Indian-based company that engages in the retail trading of vegetables in the market that comes directly from the Farm.

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