Ceylon Cold Stores (COL:CCS.N0000) Inventory Turnover : 2.77 (As of Jun. 2024)

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What is Ceylon Cold Stores 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. Ceylon Cold Stores's Cost of Goods Sold for the three months ended in Jun. 2024 was රු32,643 Mil. Ceylon Cold Stores's Average Total Inventories for the quarter that ended in Jun. 2024 was රු11,779 Mil. Ceylon Cold Stores's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ceylon Cold Stores's Days Inventory for the three months ended in Jun. 2024 was 32.93.

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. Ceylon Cold Stores's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.31.

Ceylon Cold Stores Inventory Turnover Historical Data

The historical data trend for Ceylon Cold Stores'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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Ceylon Cold Stores Inventory Turnover Chart

Ceylon Cold Stores Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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11.12

9.60

9.32

9.62

9.03

Ceylon Cold Stores Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															2.29	2.56	2.60	2.47	2.77

Ceylon Cold Stores Inventory Turnover Calculation

Ceylon Cold Stores'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 )
=	122127.48	/ (	(14490.38	+	12559.344)	/	2 )
=	122127.48	/	13524.862
=	9.03

Ceylon Cold Stores's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	32642.816	/ (	(12559.344	+	10999.453)	/	2 )
=	32642.816	/	11779.3985
=	2.77

Ceylon Cold Stores (COL:CCS.N0000) 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.

Ceylon Cold Stores's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	11779.3985	/	32642.816	*	365 / 4
	=	32.93

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.

Ceylon Cold Stores's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	11779.3985	/	38084.962
	=	0.31

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.

Ceylon Cold Stores Inventory Turnover Related Terms

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Ceylon Cold Stores Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Ceylon Cold Stores PLC (COL:CCS.N0000) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 148, Vauxhall Street, Colombo, LKA, 02

Website

https://www.elephanthouse.lk

Ceylon Cold Stores PLC is a Sri Lankan company that is engaged in the manufacturing and marketing of beverages and frozen confectionery. The company operates through two business segments namely Manufacturing and Supermarkets. It generates maximum revenue from the Supermarkets segment. The company offers carbonated soft drinks, including ginger beer, cream, and apple soda, raspberry flavored Necto, orange-flavored orange crush and orange barley, lemonade, dry ginger ale, and toni, bottled drinking water, energy drinks, and ice creams. Geographically, it derives a majority of its revenue from Sri Lanka.

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