New Light Apparels (BOM:540243) Inventory Turnover : 2.09 (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is New Light Apparels 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. New Light Apparels's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹51.2 Mil. New Light Apparels's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹24.5 Mil. New Light Apparels's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. New Light Apparels's Days Inventory for the three months ended in Mar. 2024 was 43.58.

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. New Light Apparels's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.42.

New Light Apparels Inventory Turnover Historical Data

The historical data trend for New Light Apparels'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.

* Premium members only.

New Light Apparels Inventory Turnover Chart

New Light Apparels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

Get a 7-Day Free Trial

2.61

4.28

1.83

2.32

4.25

New Light Apparels 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															1.20	0.24	0.65	2.51	2.09

New Light Apparels Inventory Turnover Calculation

New Light Apparels'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 )
=	108.441	/ (	(18.274	+	32.772)	/	2 )
=	108.441	/	25.523
=	4.25

New Light Apparels'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 )
=	51.23	/ (	(16.163	+	32.772)	/	2 )
=	51.23	/	24.4675
=	2.09

New Light Apparels (BOM:540243) 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.

New Light Apparels'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
	=	24.4675	/	51.23	*	365 / 4
	=	43.58

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.

New Light Apparels'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 )
	=	24.4675	/	58.791
	=	0.42

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.

New Light Apparels Inventory Turnover Related Terms

Thank you for viewing the detailed overview of New Light Apparels's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

New Light Apparels (BOM:540243) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » New Light Apparels Ltd (BOM:540243) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shivaji Enclave, Raja Garden, GC 29, Basement, New Delhi, Delhi, IND, 110027

Website

https://www.newlightapparels.com

New Light Apparels Ltd deals in school uniforms, Center and State government education programs and their sponsorship programs, The Company also deals in Corporate and private dress materials and other textile materials. The majority of revenue is generated from the sale of trading goods.

New Light Apparels (BOM:540243) Headlines

No Headlines