7NR Retail (BOM:540615) Inventory Turnover : 0.38 (As of Mar. 2024)

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What is 7NR Retail 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. 7NR Retail's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹12.3 Mil. 7NR Retail's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹32.6 Mil. 7NR Retail's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 7NR Retail's Days Inventory for the three months ended in Mar. 2024 was 241.71.

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. 7NR Retail's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.25.

7NR Retail Inventory Turnover Historical Data

The historical data trend for 7NR Retail'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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7NR Retail Inventory Turnover Chart

7NR Retail Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.87

0.53

3.77

5.86

2.07

7NR Retail Quarterly Data
	Mar19	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															1.19	0.71	0.58	0.48	0.38

7NR Retail Inventory Turnover Calculation

7NR Retail'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 )
=	124.197	/ (	(87.453	+	32.626)	/	2 )
=	124.197	/	60.0395
=	2.07

7NR Retail'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 )
=	12.317	/ (	(0	+	32.626)	/	1 )
=	12.317	/	32.626
=	0.38

7NR Retail (BOM:540615) 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.

7NR Retail'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
	=	32.626	/	12.317	*	365 / 4
	=	241.71

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.

7NR Retail'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 )
	=	32.626	/	10.049
	=	3.25

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.

7NR Retail Inventory Turnover Related Terms

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7NR Retail (BOM:540615) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » 7NR Retail Ltd (BOM:540615) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Sadashiv Kanto, Behind Bajaj Process, Godown No-1, 234/1+234/2,FP-69/3, Narol Chokdi, Narol, Ahmedabad, GJ, IND, 382405

Website

http://www.7nrretailltd.in

7NR Retail Ltd is engaged in the business of trading of apparels in the wholesale and retail segments. It mainly deals in the business of Branding and selling ready-made garments, suiting-shirting, fabrics, and all other textile products. Trading in Textile is the Company's only business segment. The company's products include kids garments under the brand name of Gini & Jony. Geographically, it operates only in India.

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