Jetmall Spices and Masala (BOM:543286) Inventory Turnover : 1.97 (As of Mar. 2024)

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What is Jetmall Spices and Masala 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. Jetmall Spices and Masala's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹4.49 Mil. Jetmall Spices and Masala's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹2.28 Mil. Jetmall Spices and Masala's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jetmall Spices and Masala's Days Inventory for the six months ended in Mar. 2024 was 92.77.

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. Jetmall Spices and Masala's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.30.

Jetmall Spices and Masala Inventory Turnover Historical Data

The historical data trend for Jetmall Spices and Masala'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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Jetmall Spices and Masala Inventory Turnover Chart

Jetmall Spices and Masala Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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9.61

5.11

4.45

12.76

3.34

Jetmall Spices and Masala Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial						1.45	2.64	26.63	3.08	1.97

Jetmall Spices and Masala Inventory Turnover Calculation

Jetmall Spices and Masala'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 )
=	7.62	/ (	(1.016	+	3.55)	/	2 )
=	7.62	/	2.283
=	3.34

Jetmall Spices and Masala'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 )
=	4.489	/ (	(1.014	+	3.55)	/	2 )
=	4.489	/	2.282
=	1.97

Jetmall Spices and Masala (BOM:543286) 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.

Jetmall Spices and Masala'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
	=	2.282	/	4.489	*	365 / 2
	=	92.77

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.

Jetmall Spices and Masala'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 )
	=	2.282	/	7.542
	=	0.30

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.

Jetmall Spices and Masala Inventory Turnover Related Terms

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Jetmall Spices and Masala (BOM:543286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Jetmall Spices and Masala Ltd (BOM:543286) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 33/1, Ritherdon Road, Vepery, Chennai, TN, IND, 600 007

Website

https://www.jetmallltd.in

Jetmall Spices and Masala Ltd is engaged in business of Manufacturing & trading of food and processed foods. Company is dealing in only one segment of business that is trading of Spices, Masala, Food Grains and Kirana Products.

Jetmall Spices and Masala (BOM:543286) Headlines

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