Rajvir Industries (BOM:532665) Inventory Turnover: 0.58 (As of Dec. 2020)

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BOM:532665 Rajvir Industries Ltd BOM:532665
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Price ₹7.45
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What is Rajvir Industries Inventory Turnover?

Rajvir Industries BOM:532665 -4.97% 4 Inventory Turnover is 0.58 as of Dec. 2020. GuruFocus rates BOM:532665 with a GF Score™ of 4/100.

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. Rajvir Industries's Cost of Goods Sold for the three months ended in Dec. 2020 was ₹53.3 Mil. Rajvir Industries's Average Total Inventories for the quarter that ended in Dec. 2020 was ₹92.1 Mil. Rajvir Industries's Inventory Turnover for the quarter that ended in Dec. 2020 was 0.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rajvir Industries's Days Inventory for the three months ended in Dec. 2020 was 157.67.

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. Rajvir Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2020 was 1.43.

Rajvir Industries  (BOM:532665) 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.

Rajvir Industries's Days Inventory for the three months ended in Dec. 2020 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2020 )/Cost of Goods Sold (Q: Dec. 2020 )*Days in Period
=92.091/53.298*365 / 4
=157.67

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.

Rajvir Industries's Inventory to Revenue for the quarter that ended in Dec. 2020 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2020 ) / Revenue (Q: Dec. 2020 )
=92.091 / 64.451
=1.43

* 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.

Rajvir Industries Inventory Turnover Related Terms

Rajvir Industries Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Rajvir Industries'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.

Rajvir Industries Inventory Turnover Chart

Rajvir Industries Annual Data
Trend Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.25 1.45 1.10 1.64 1.24

Rajvir Industries Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 0.20 0.43 0.32 0.33 0.58
BOM:532665
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Rajvir Industries Ltd BOM:532665
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Rajvir Industries Inventory Turnover Calculation

Rajvir Industries's Inventory Turnover for the fiscal year that ended in Mar. 2020 is calculated as

Inventory Turnover (A: Mar. 2020 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2020 ) / ((Total Inventories (A: Mar. 2019 ) + Total Inventories (A: Mar. 2020 )) / count )
=209.882 / ((193.327 + 144.147) / 2 )
=209.882 / 168.737
=1.24

Rajvir Industries's Inventory Turnover for the quarter that ended in Dec. 2020 is calculated as

Inventory Turnover (Q: Dec. 2020 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2020 ) / ((Total Inventories (Q: Sep. 2020 ) + Total Inventories (Q: Dec. 2020 )) / count )
=53.298 / ((92.091 + 0) / 1 )
=53.298 / 92.091
=0.58

* 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 0.58 mean?
Rajvir Industries (BOM:532665) has a Inventory Turnover of 0.58 as of Dec. 2020. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Rajvir Industries and its competitors.
Is Rajvir Industries' Inventory Turnover too high?
Rajvir Industries' current Inventory Turnover is 0.58. Overall, Rajvir Industries has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Rajvir Industries' Inventory Turnover compare to competitors?
Rajvir Industries' Inventory Turnover of 0.58 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Inventory Turnover depends on the Manufacturing - Apparel & Accessories 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 Rajvir Industries and its competitors. Rajvir Industries's current Inventory Turnover is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rajvir Industries stock overvalued right now?
Rajvir Industries (BOM:532665) has a current Inventory Turnover of 0.58. The current Inventory Turnover is 0.58. Rajvir Industries' overall GF Score™ is 4/100. 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 Rajvir Industries (BOM:532665), the current Inventory Turnover is 0.58 as of Dec. 2020. 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.

Rajvir Industries Business Description

Address 105, Sardar Patel Road, 1st Floor, Surya Towers, Secunderabad, TG, IND, 500003
Rajvir Industries Ltd is an integrated producer of cotton, melange, synthetics, modal, dyed products, compact yarn, flame-retardant, supima, silk, wool, cashmere, and angora blends. It provides all the yarns in both single and multi-fold. the company also provides fashion yarns, super specialty blends, technical textile products, and eco-friendly and fancy yarns. The company also exports its products in Asia, America, Africa, and internationally.
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