Gul Ahmed Textile Mills (KAR:GATM) Inventory Turnover : 0.64 (As of Mar. 2024)

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What is Gul Ahmed Textile Mills 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. Gul Ahmed Textile Mills's Cost of Goods Sold for the three months ended in Mar. 2024 was ₨36,610 Mil. Gul Ahmed Textile Mills's Average Total Inventories for the quarter that ended in Mar. 2024 was ₨57,385 Mil. Gul Ahmed Textile Mills's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gul Ahmed Textile Mills's Days Inventory for the three months ended in Mar. 2024 was 143.03.

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. Gul Ahmed Textile Mills's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.32.

Gul Ahmed Textile Mills Inventory Turnover Historical Data

The historical data trend for Gul Ahmed Textile Mills'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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Gul Ahmed Textile Mills Inventory Turnover Chart

Gul Ahmed Textile Mills Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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2.26

1.77

2.30

2.44

2.37

Gul Ahmed Textile Mills Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.64	0.64	0.71	0.65	0.64

Gul Ahmed Textile Mills Inventory Turnover Calculation

Gul Ahmed Textile Mills's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	110746.798	/ (	(43905.378	+	49496.064)	/	2 )
=	110746.798	/	46700.721
=	2.37

Gul Ahmed Textile Mills's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	36610.362	/ (	(54743.709	+	60025.951)	/	2 )
=	36610.362	/	57384.83
=	0.64

Gul Ahmed Textile Mills (KAR:GATM) 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.

Gul Ahmed Textile Mills's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	57384.83	/	36610.362	*	365 / 4
	=	143.03

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.

Gul Ahmed Textile Mills's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	57384.83	/	43611.209
	=	1.32

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.

Gul Ahmed Textile Mills Inventory Turnover Related Terms

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Gul Ahmed Textile Mills (KAR:GATM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gul Ahmed Textile Mills Ltd (KAR:GATM) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No.H-7, Landhi Industrial Area, Landhi, Karachi, SD, PAK, 75120

Website

https://www.gulahmed.com

Gul Ahmed Textile Mills Ltd is engaged in the manufacturing and selling of textile products. The company's segments are Spinning which includes the production of different yarn using natural and artificial fibers, Weaving segment caters to in-house requirements for home textile, retail and distribution, and apparel division, Retail and Distribution segment is involved in retail sales through a chain of IDEAS retails outlets and its distribution channels. and Processing, Home Textile and Apparel segment deals in processing greige fabrics into various types of finished fabrics. It generates a majority of its revenue from the Home Textile segment.

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