Magenta Lifecare (BOM:544188) Inventory Turnover : 0.71 (As of Sep. 2024)

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What is Magenta Lifecare 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. Magenta Lifecare's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹53.08 Mil. Magenta Lifecare's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹75.26 Mil. Magenta Lifecare'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. Magenta Lifecare's Days Inventory for the six months ended in Sep. 2024 was 258.77.

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. Magenta Lifecare's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.29.

Magenta Lifecare Inventory Turnover Historical Data

The historical data trend for Magenta Lifecare'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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Magenta Lifecare Inventory Turnover Chart

Magenta Lifecare Annual Data

Trend

Mar21

Mar22

Mar23

Inventory Turnover

1.22

1.09

0.95

Magenta Lifecare Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
Inventory Turnover	-	-	-	0.52	0.71

Magenta Lifecare Inventory Turnover Calculation

Magenta Lifecare's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	63.341	/ (	(65.352	+	67.538)	/	2 )
=	63.341	/	66.445
=	0.95

Magenta Lifecare'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: Sep. 2023 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	53.075	/ (	(0	+	75.255)	/	1 )
=	53.075	/	75.255
=	0.71

Magenta Lifecare (BOM:544188) 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.

Magenta Lifecare'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
	=	75.255	/	53.075	*	365 / 2
	=	258.77

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.

Magenta Lifecare'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 )
	=	75.255	/	58.423
	=	1.29

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.

Magenta Lifecare Inventory Turnover Related Terms

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Magenta Lifecare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Magenta Lifecare Ltd (BOM:544188) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

N P Patel Estate, A & T Padamla, Vadodara, GJ, IND, 391350

Website

https://www.magentamattresses.com

Magenta Lifecare Ltd is a manufacturer of sales, and services of foam-based products such as mattresses and pillows which are marketed under the brand Magenta in India. It offers products such as memory foam, latex-based, bonded mattresses, pocketed springs, and pillows such as memory foam pillows, molded memory foam pillows, molded contour foam pillows, etc.

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