Devyani International (BOM:543330) Inventory Turnover : 3.64 (As of Mar. 2024)

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What is Devyani International 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. Devyani International's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹4,773 Mil. Devyani International's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹1,310 Mil. Devyani International's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Devyani International's Days Inventory for the three months ended in Mar. 2024 was 25.05.

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. Devyani International's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.13.

Devyani International Inventory Turnover Historical Data

The historical data trend for Devyani International'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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Devyani International Inventory Turnover Chart

Devyani International Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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12.62

6.18

10.12

11.60

11.93

Devyani International Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial												2.51	2.78	3.23	3.37	3.64

Devyani International Inventory Turnover Calculation

Devyani International'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 )
=	15515.5	/ (	(1290.48	+	1310.39)	/	2 )
=	15515.5	/	1300.435
=	11.93

Devyani International'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 )
=	4772.59	/ (	(0	+	1310.39)	/	1 )
=	4772.59	/	1310.39
=	3.64

Devyani International (BOM:543330) 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.

Devyani International'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
	=	1310.39	/	4772.59	*	365 / 4
	=	25.05

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.

Devyani International'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 )
	=	1310.39	/	10470.78
	=	0.13

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.

Devyani International Inventory Turnover Related Terms

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Devyani International (BOM:543330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Devyani International Ltd (BOM:543330) » Definitions » Inventory Turnover

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Traded in Other Exchanges

DEVYANI:India

Address

Plot No. 18, Sector-35, Gurugram, HR, IND, 122 004

Website

https://www.dil-rjcorp.com

Devyani International Ltd is a franchisee of Yum Brands in India and is among the largest operators of quick-service restaurants chain and operates around 1243 stores across 155 cities in India. Geographically, it derives a majority of its revenue from India.

Devyani International (BOM:543330) Headlines

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