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Piotex Industries (BOM:544178) Inventory Turnover : 69.00 (As of Sep. 2024)


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What is Piotex Industries 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. Piotex Industries's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹627.6 Mil. Piotex Industries's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹9.1 Mil. Piotex Industries's Inventory Turnover for the quarter that ended in Sep. 2024 was 69.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Piotex Industries's Days Inventory for the six months ended in Sep. 2024 was 2.64.

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. Piotex Industries's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.01.

Piotex Industries Inventory Turnover Historical Data

The historical data trend for Piotex Industries'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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Piotex Industries Inventory Turnover Chart

Piotex Industries Annual Data
Trend Mar22 Mar23 Mar24
Inventory Turnover
9.07 18.88 816.41

Piotex Industries Semi-Annual Data
Mar22 Mar23 Mar24 Sep24
Inventory Turnover - - - 69.00

Piotex Industries Inventory Turnover Calculation

Piotex Industries'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 )
=1138.89 / ((0.802 + 1.988) / 2 )
=1138.89 / 1.395
=816.41

Piotex Industries'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 )
=627.615 / ((1.988 + 16.203) / 2 )
=627.615 / 9.0955
=69.00

* 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.

Piotex Industries  (BOM:544178) 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.

Piotex Industries'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
=9.0955/627.615*365 / 2
=2.64

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.

Piotex Industries'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 )
=9.0955 / 657.476
=0.01

* 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.

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.

Piotex Industries Inventory Turnover Related Terms

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Piotex Industries Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Piotex Industries Ltd (BOM:544178) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
F/II Block, Plot No. 16/2, M.I.D.C., Pimpri, Pune, MH, IND, 411018
Website
https://www.piotexindustries.com
Piotex Industries Ltd is in business of contract manufacturing and trading of yarn, fabric and cotton bales. Its Products are used for various purposes such as garments & home furnishings, etc. The company is engaged mainly in 2 activities: 1. Trading of Cotton Bales, Synthetic Fiber, Cotton Yarn and Fabric 2. Manufacturing through job work and Fabric Weaving.

Piotex Industries Headlines

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