Inditrade Capital (BOM:532745) Inventory Turnover : 5.06 (As of Mar. 2024)

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What is Inditrade Capital 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. Inditrade Capital's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹143 Mil. Inditrade Capital's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹28 Mil. Inditrade Capital's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Inditrade Capital's Days Inventory for the three months ended in Mar. 2024 was 18.02.

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. Inditrade Capital's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.

Inditrade Capital Inventory Turnover Historical Data

The historical data trend for Inditrade Capital'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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Inditrade Capital Inventory Turnover Chart

Inditrade Capital Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.16

1.52

2.74

2.84

3.34

Inditrade Capital 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															0.48	0.54	2.14	1.90	5.06

Inditrade Capital Inventory Turnover Calculation

Inditrade Capital'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 )
=	822.048	/ (	(463.959	+	28.296)	/	2 )
=	822.048	/	246.1275
=	3.34

Inditrade Capital'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 )
=	143.259	/ (	(0	+	28.296)	/	1 )
=	143.259	/	28.296
=	5.06

Inditrade Capital (BOM:532745) 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.

Inditrade Capital'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
	=	28.296	/	143.259	*	365 / 4
	=	18.02

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.

Inditrade Capital'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 )
	=	28.296	/	395.954
	=	0.07

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.

Inditrade Capital Inventory Turnover Related Terms

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Inditrade Capital (BOM:532745) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Inditrade Capital Ltd (BOM:532745) » Definitions » Inventory Turnover

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Address

Senapati Bapat Marg, Unit No. T-7 C, 5th Floor, C Wing, Phoenix House, Lower Parel West, Mumbai, MH, IND, 400013

Website

https://www.inditrade.com

Inditrade Capital Ltd is a financial service provider in India. It is engaged in the provision of financial services through commodity broking. It offers insurance and support services, and commodities brokerage-related services which include depository participant services, currency trading, internet trading, and phone-based services. Its segment includes Client financing, Commodity trade support services, sale of goods, Insurance broking services, and Others. It derives the majority of its revenue from Client financing. Geographically all the activities functioned through the regions of India and it derives revenue in the form of brokerage, fees, and others.

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