Bannari Amman Spinning Mills (BOM:532674) Inventory Turnover : 0.32 (As of Mar. 2024)

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What is Bannari Amman Spinning Mills 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. Bannari Amman Spinning Mills's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹668 Mil. Bannari Amman Spinning Mills's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹2,115 Mil. Bannari Amman Spinning Mills's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bannari Amman Spinning Mills's Days Inventory for the three months ended in Mar. 2024 was 288.86.

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. Bannari Amman Spinning Mills's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 39.50.

Bannari Amman Spinning Mills Inventory Turnover Historical Data

The historical data trend for Bannari Amman Spinning Mills'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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Bannari Amman Spinning Mills Inventory Turnover Chart

Bannari Amman Spinning Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.57

2.55

3.98

2.52

2.51

Bannari Amman Spinning Mills 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															0.25	0.49	1.06	0.60	0.32

Bannari Amman Spinning Mills Inventory Turnover Calculation

Bannari Amman Spinning Mills'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 )
=	6986.337	/ (	(3450.443	+	2114.84)	/	2 )
=	6986.337	/	2782.6415
=	2.51

Bannari Amman Spinning Mills'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 )
=	668.073	/ (	(0	+	2114.84)	/	1 )
=	668.073	/	2114.84
=	0.32

Bannari Amman Spinning Mills (BOM:532674) 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.

Bannari Amman Spinning Mills'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
	=	2114.84	/	668.073	*	365 / 4
	=	288.86

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.

Bannari Amman Spinning Mills'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 )
	=	2114.84	/	53.547
	=	39.50

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.

Bannari Amman Spinning Mills Inventory Turnover Related Terms

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Bannari Amman Spinning Mills (BOM:532674) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bannari Amman Spinning Mills Ltd (BOM:532674) » Definitions » Inventory Turnover

Traded in Other Exchanges

BASML:India

Address

252, Mettupalayam Road, Coimbatore, TN, IND, 641 043

Website

https://www.bannarimills.com

Bannari Amman Spinning Mills Ltd is engaged in the manufacturing of grey woven fabrics, knitted fabrics, and cotton yarn. The company is also engaged in the business of processing fabrics, garments and wind power generation for captive consumption. It operates through the Textiles segment. Its divisions include Spinning, Weaving, Knitting, Processing, Garments, Home Textiles and Wind. The products offered by the company include Mercerised polos, Hoodies, Bed linen set, Baby bath towels and Baby duvet cover. Geographically, the group has a business presence in India and other countries, from which key revenue is derived within India.

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