Suryaamba Spinning Mills (BOM:533101) Inventory Turnover : 1.92 (As of Mar. 2024)

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What is Suryaamba 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. Suryaamba Spinning Mills's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹343 Mil. Suryaamba Spinning Mills's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹179 Mil. Suryaamba Spinning Mills's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Suryaamba Spinning Mills's Days Inventory for the three months ended in Mar. 2024 was 47.60.

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. Suryaamba Spinning Mills's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.32.

Suryaamba Spinning Mills Inventory Turnover Historical Data

The historical data trend for Suryaamba 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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Suryaamba Spinning Mills Inventory Turnover Chart

Suryaamba Spinning Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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6.79

4.64

8.76

8.93

7.23

Suryaamba 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															2.25	1.94	1.47	1.31	1.92

Suryaamba Spinning Mills Inventory Turnover Calculation

Suryaamba 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 )
=	1341.245	/ (	(192.227	+	178.906)	/	2 )
=	1341.245	/	185.5665
=	7.23

Suryaamba 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 )
=	342.984	/ (	(0	+	178.906)	/	1 )
=	342.984	/	178.906
=	1.92

Suryaamba Spinning Mills (BOM:533101) 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.

Suryaamba 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
	=	178.906	/	342.984	*	365 / 4
	=	47.60

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.

Suryaamba 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 )
	=	178.906	/	553.44
	=	0.32

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.

Suryaamba Spinning Mills Inventory Turnover Related Terms

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Suryaamba Spinning Mills (BOM:533101) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Suryaamba Spinning Mills Ltd (BOM:533101) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

128, Chhaoni Katol Road, A-101, Kanha Apartment, Nagpur, MH, IND, 440 013

Website

https://www.suryaamba.com

Suryaamba Spinning Mills Ltd is an India-based company engaged in manufacturing Polyester yarn and Polyester/Viscose Blended Yarn. It manufactures Synthetic Ring Spun Yarn for weaving, knitting, and embroidery and other industrial applications and specialized products according to customer requirements. The Company is operating under only one segment which is Manufacturing and Trading of Yarn. The product categories offered by the company includes 100% Polyester Yarns, Polyester/Viscose Yarns, Viscose Yarns, Other Blends and Fancy Yarns.

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