Shanti Spintex (BOM:544059) Inventory Turnover : 16.23 (As of Sep. 2024)

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What is Shanti Spintex 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. Shanti Spintex's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹3,337 Mil. Shanti Spintex's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹206 Mil. Shanti Spintex's Inventory Turnover for the quarter that ended in Sep. 2024 was 16.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanti Spintex's Days Inventory for the six months ended in Sep. 2024 was 11.24.

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. Shanti Spintex's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.06.

Shanti Spintex Inventory Turnover Historical Data

The historical data trend for Shanti Spintex'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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Shanti Spintex Inventory Turnover Chart

Shanti Spintex Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

30.45

47.39

26.82

25.57

Shanti Spintex Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial			-	-	7.00	17.02	16.23

Shanti Spintex Inventory Turnover Calculation

Shanti Spintex'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 )
=	4774.611	/ (	(188.547	+	184.942)	/	2 )
=	4774.611	/	186.7445
=	25.57

Shanti Spintex'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 )
=	3337.471	/ (	(184.942	+	226.27)	/	2 )
=	3337.471	/	205.606
=	16.23

Shanti Spintex (BOM:544059) 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.

Shanti Spintex'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
	=	205.606	/	3337.471	*	365 / 2
	=	11.24

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.

Shanti Spintex'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 )
	=	205.606	/	3550.385
	=	0.06

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.

Shanti Spintex Inventory Turnover Related Terms

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Shanti Spintex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shanti Spintex Ltd (BOM:544059) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

A -1601, Navratna Corporate Park, Ambli Bopal Road, Ahmedabad, GJ, IND, 380058

Website

https://www.shantispintex.com

Shanti Spintex Ltd is engaged in the Manufacturing and selling of Cotton Yarn and Fabrics. It manufactures various types of denim fabrics such as power stretch spandex denim, knit denim, lightweight denim, rigid denim, over-dyed denim, and flat finish 3/1 denim and also offers denim fabrics in a diverse spectrum of shades such as indigo blue, IBST, sulphur black, sulphur grey, etc. The Company's operations encompass the utilization of diverse types of yarns such as cotton yarn, ring yarn, viscose yarn, slub yarn, cotton spandex, polyester spandex, tencel, lyocell, etc. The Company is currently organized into two operating activities - 1. Textile Manufacturing and 2. Windmill Operations. The company generates the majority of its revenue from the Textile segment.

Shanti Spintex Headlines

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