Nandan Denim (BOM:532641) Inventory Turnover : 2.82 (As of Mar. 2024)

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What is Nandan Denim 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. Nandan Denim's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹4,729 Mil. Nandan Denim's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹1,676 Mil. Nandan Denim's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nandan Denim's Days Inventory for the three months ended in Mar. 2024 was 32.34.

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. Nandan Denim's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.29.

Nandan Denim Inventory Turnover Historical Data

The historical data trend for Nandan Denim'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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Nandan Denim Inventory Turnover Chart

Nandan Denim Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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6.78

4.95

8.34

7.35

8.70

Nandan Denim 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															1.80	2.25	2.29	2.60	2.82

Nandan Denim Inventory Turnover Calculation

Nandan Denim'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 )
=	16301.772	/ (	(2073.167	+	1675.888)	/	2 )
=	16301.772	/	1874.5275
=	8.70

Nandan Denim'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 )
=	4729.079	/ (	(0	+	1675.888)	/	1 )
=	4729.079	/	1675.888
=	2.82

Nandan Denim (BOM:532641) 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.

Nandan Denim'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
	=	1675.888	/	4729.079	*	365 / 4
	=	32.34

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.

Nandan Denim'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 )
	=	1675.888	/	5791.204
	=	0.29

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.

Nandan Denim Inventory Turnover Related Terms

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Nandan Denim (BOM:532641) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nandan Denim Ltd (BOM:532641) » Definitions » Inventory Turnover

Traded in Other Exchanges

NDL:India

Address

Near Shivranjani Cross Roads, Chiripal House, Satellite, Ahmedabad, GJ, IND, 380015

Website

https://www.nandandenim.com

Nandan Denim Ltd is engaged in the manufacturing and sale of fabrics. Its product portfolio includes Regular Basic denim, Knit denim, Smart Casuals, Textured, Organic Cotton yarn, Blended yarn, and others. The majority of its revenue is generated from the Indian market and it also exports its products to other countries.

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