Comrade Appliances (BOM:543921) Inventory Turnover : 0.71 (As of Sep. 2024)

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What is Comrade Appliances 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. Comrade Appliances's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹147.4 Mil. Comrade Appliances's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹206.7 Mil. Comrade Appliances's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Comrade Appliances's Days Inventory for the six months ended in Sep. 2024 was 255.95.

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. Comrade Appliances's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.23.

Comrade Appliances Inventory Turnover Historical Data

The historical data trend for Comrade Appliances'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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Comrade Appliances Inventory Turnover Chart

Comrade Appliances Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

2.63

2.04

1.61

1.21

1.13

Comrade Appliances Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial			1.38	-	0.73	0.62	0.71

Comrade Appliances Inventory Turnover Calculation

Comrade Appliances'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 )
=	198.341	/ (	(159.091	+	191.008)	/	2 )
=	198.341	/	175.0495
=	1.13

Comrade Appliances's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	147.361	/ (	(191.008	+	222.336)	/	2 )
=	147.361	/	206.672
=	0.71

Comrade Appliances (BOM:543921) 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.

Comrade Appliances's Days Inventory for the six months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	206.672	/	147.361	*	365 / 2
	=	255.95

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.

Comrade Appliances's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	206.672	/	168.129
	=	1.23

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.

Comrade Appliances Inventory Turnover Related Terms

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Comrade Appliances Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Comrade Appliances Ltd (BOM:543921) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

183-186, S.V. Road, Shop No. 39, Ground Level I, Dewan Centre, Jogeshwari West, Mumbai, MH, IND, 400102

Website

https://www.comrade.net.in

Comrade Appliances Ltd is engaged in the process of manufacturing an extensive array of Air Coolers and Electric Geysers. The company manufactures consumer durable goods assembles a wide Varieties of products and provides end-to-end product solutions. It serves under both original equipment manufacturer (OEM) and original design manufacturer (ODM) business models. The Company has only one reportable Business Segment, which is the manufacturing of Electrical Machinery and Apparatus. The Company operates in one Geographical Segment namely within India.

Comrade Appliances Headlines

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