Vedant Asset (BOM:543623) Inventory Turnover : 5.09 (As of Mar. 2024)

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What is Vedant Asset 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. Vedant Asset's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹8.37 Mil. Vedant Asset's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹1.65 Mil. Vedant Asset's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vedant Asset's Days Inventory for the six months ended in Mar. 2024 was 35.89.

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. Vedant Asset's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.09.

Vedant Asset Inventory Turnover Historical Data

The historical data trend for Vedant Asset'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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Vedant Asset Inventory Turnover Chart

Vedant Asset Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

3.50

3.96

7.99

Vedant Asset Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial			-	0.94	3.22	3.01	5.09

Vedant Asset Inventory Turnover Calculation

Vedant Asset'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 )
=	13.505	/ (	(1.752	+	1.629)	/	2 )
=	13.505	/	1.6905
=	7.99

Vedant Asset'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 )
=	8.365	/ (	(1.661	+	1.629)	/	2 )
=	8.365	/	1.645
=	5.09

Vedant Asset (BOM:543623) 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.

Vedant Asset'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
	=	1.645	/	8.365	*	365 / 2
	=	35.89

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.

Vedant Asset'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 )
	=	1.645	/	17.673
	=	0.09

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.

Vedant Asset Inventory Turnover Related Terms

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Vedant Asset (BOM:543623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Vedant Asset Ltd (BOM:543623) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 rd Floor, Gayways House, Pee Pee Compound, Ranchi, JH, IND, 834001

Website

https://www.vedantasset.com

Vedant Asset Ltd is engaged in a Financial Investment Super Market for private and rural investors. The core business is to earn revenue from brokerage and commission by managing funds of investors with various mutual fund houses and providing Banking Correspondence Services in association with various banks.

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