Growington Ventures India (BOM:539222) Inventory Turnover : 30.52 (As of Mar. 2024)

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What is Growington Ventures India 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. Growington Ventures India's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹203.7 Mil. Growington Ventures India's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹6.7 Mil. Growington Ventures India's Inventory Turnover for the quarter that ended in Mar. 2024 was 30.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Growington Ventures India's Days Inventory for the six months ended in Mar. 2024 was 5.98.

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. Growington Ventures India's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

Growington Ventures India Inventory Turnover Historical Data

The historical data trend for Growington Ventures India'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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Growington Ventures India Inventory Turnover Chart

Growington Ventures India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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232.03

62.53

Growington Ventures India Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															-	740.12	354.06	31.89	30.52

Growington Ventures India Inventory Turnover Calculation

Growington Ventures India'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 )
=	292.311	/ (	(0.781	+	8.568)	/	2 )
=	292.311	/	4.6745
=	62.53

Growington Ventures India'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	203.661	/ (	(4.779	+	8.568)	/	2 )
=	203.661	/	6.6735
=	30.52

Growington Ventures India (BOM:539222) 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.

Growington Ventures India's Days Inventory for the six 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
	=	6.6735	/	203.661	*	365 / 2
	=	5.98

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.

Growington Ventures India'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 )
	=	6.6735	/	237.177
	=	0.03

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.

Growington Ventures India Inventory Turnover Related Terms

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Growington Ventures India (BOM:539222) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Growington Ventures India Ltd (BOM:539222) » Definitions » Inventory Turnover

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Address

Shiv Chamber, 4th Floor, Plot No. 21, Sector – 11, CBD Belapur, Navi Mumbai, MH, IND, 400614

Website

http://www.growington.in

Growington Ventures India Ltd operates in the exporting & importing of Premium Quality Fruits. The company is principally engaged in wide portfolio of fruits like Apple, Green Apple, Orange & Mandarin, Pear, Kiwi, Dragon Fruit, Avocado, Red Globe Grapes, Plum, Nectarines, Peaches, Cherries, Blueberries, Grape Fruit, Mango Stem, Ram Bhutan, Longan, Dates, Tamarind and so on.

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