Gleam Fabmat (BOM:542477) Inventory Turnover : 0.20 (As of Mar. 2024)

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What is Gleam Fabmat 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. Gleam Fabmat's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹6.14 Mil. Gleam Fabmat's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹30.46 Mil. Gleam Fabmat's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gleam Fabmat's Days Inventory for the six months ended in Mar. 2024 was 904.92.

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. Gleam Fabmat's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 4.65.

Gleam Fabmat Inventory Turnover Historical Data

The historical data trend for Gleam Fabmat'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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Gleam Fabmat Inventory Turnover Chart

Gleam Fabmat Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.83

7.76

1.21

0.20

Gleam Fabmat Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial							-	-	-	-	0.20

Gleam Fabmat Inventory Turnover Calculation

Gleam Fabmat'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 )
=	6.143	/ (	(30.444	+	30.476)	/	2 )
=	6.143	/	30.46
=	0.20

Gleam Fabmat'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 )
=	6.143	/ (	(30.444	+	30.476)	/	2 )
=	6.143	/	30.46
=	0.20

Gleam Fabmat (BOM:542477) 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.

Gleam Fabmat'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
	=	30.46	/	6.143	*	365 / 2
	=	904.92

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.

Gleam Fabmat'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 )
	=	30.46	/	6.544
	=	4.65

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.

Gleam Fabmat Inventory Turnover Related Terms

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Gleam Fabmat (BOM:542477) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gleam Fabmat Ltd (BOM:542477) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Prahladnagar Trade Center Radio Mirchi Road, D-1209, Vejalpur, Ahmedabad, GJ, IND, 380051

Website

http://www.gflaluminum.in

Gleam Fabmat Ltd is engaged in two primary businesses Segment Trading in aluminum and allied metal products and Trading in textiles products Trading in aluminum and allied metal products have a major contribution towards total Revenue.

Gleam Fabmat (BOM:542477) Headlines

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