Kizi Apparels (BOM:544221) Inventory Turnover : 1.21 (As of Sep. 2024)

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What is Kizi Apparels 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. Kizi Apparels's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹96.1 Mil. Kizi Apparels's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹79.1 Mil. Kizi Apparels's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kizi Apparels's Days Inventory for the six months ended in Sep. 2024 was 150.22.

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. Kizi Apparels's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.64.

Kizi Apparels Inventory Turnover Historical Data

The historical data trend for Kizi Apparels'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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Kizi Apparels Inventory Turnover Chart

Kizi Apparels Annual Data

Trend

Mar22

Mar23

Mar24

Inventory Turnover

1.45

3.11

3.02

Kizi Apparels Semi-Annual Data
	Mar22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	-	-	1.43	1.57	1.21

Kizi Apparels Inventory Turnover Calculation

Kizi Apparels'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 )
=	172.972	/ (	(48.015	+	66.648)	/	2 )
=	172.972	/	57.3315
=	3.02

Kizi Apparels'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 )
=	96.099	/ (	(66.648	+	91.551)	/	2 )
=	96.099	/	79.0995
=	1.21

Kizi Apparels (BOM:544221) 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.

Kizi Apparels'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
	=	79.0995	/	96.099	*	365 / 2
	=	150.22

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.

Kizi Apparels'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 )
	=	79.0995	/	124.356
	=	0.64

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.

Kizi Apparels Inventory Turnover Related Terms

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Kizi Apparels Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kizi Apparels Ltd (BOM:544221) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

H- 629 Phase - II RIICO IND Area Sitapura, Sitapura Industrial Area, Sanganer, Jaipur, RJ, IND, 302022

Website

https://www.kiziapparels.co.in

Kizi Apparels Ltd is engaged in the business of trading and manufacturing of Garments business on wholesale as well as retail basis. It sells its garments through own Showrooms, distributors malls, and online platforms.

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