Nivaka Fashions (BOM:542206) Inventory Turnover : 0.02 (As of Dec. 2024)

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What is Nivaka Fashions 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. Nivaka Fashions's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹0.31 Mil. Nivaka Fashions's Average Total Inventories for the quarter that ended in Dec. 2024 was ₹16.53 Mil. Nivaka Fashions's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nivaka Fashions's Days Inventory for the three months ended in Dec. 2024 was 4,819.92.

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. Nivaka Fashions's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 35.18.

Nivaka Fashions Inventory Turnover Historical Data

The historical data trend for Nivaka Fashions'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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Nivaka Fashions Inventory Turnover Chart

Nivaka Fashions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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8.82

6.26

2.12

0.40

0.12

Nivaka Fashions Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															-	0.01	0.01	0.09	0.02

Nivaka Fashions Inventory Turnover Calculation

Nivaka Fashions'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 )
=	2.273	/ (	(18.538	+	17.836)	/	2 )
=	2.273	/	18.187
=	0.12

Nivaka Fashions's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	0.313	/ (	(16.533	+	0)	/	1 )
=	0.313	/	16.533
=	0.02

Nivaka Fashions (BOM:542206) 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.

Nivaka Fashions's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	16.533	/	0.313	*	365 / 4
	=	4,819.92

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.

Nivaka Fashions's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	16.533	/	0.47
	=	35.18

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.

Nivaka Fashions Inventory Turnover Related Terms

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Nivaka Fashions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nivaka Fashions Ltd (BOM:542206) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Mankoli Road, Harihar Corporation, A-12, Gala No. 10/11, Dapoda, Bhiwandi, Thane, MH, IND, 421302

Website

https://www.ninecolours.com

Nivaka Fashions Ltd is an Indian company engaged in retailing Indian ethnic wear through omni channels like offline retail stores and online e-commerce websites. The company owns the brand 'Ninecolours'. The company manufactures certain products in its own brand in the name of 'Ninecolours West', 'Nine colours Quirk' and 'Ninecolours Luxe'. The company offers products like sarees, lehengas, kurtis, suits and gowns for women; kurtas, sherwanis, jackets and kurta pyjamas for men and ethnic wear collections for children. The company also offers a range of jewellery and Home decors products like Bed sheets, Table tops, Wall art and Dewan sets. The company generates the majority of its revenue from the sale of products.

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