Airo Lam (NSE:AIROLAM) Inventory Turnover : 0.49 (As of Jun. 2023)

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What is Airo Lam 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. Airo Lam's Cost of Goods Sold for the three months ended in Jun. 2023 was ₹310 Mil. Airo Lam's Average Total Inventories for the quarter that ended in Jun. 2023 was ₹633 Mil. Airo Lam's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Airo Lam's Days Inventory for the three months ended in Jun. 2023 was 186.24.

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. Airo Lam's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 1.30.

Airo Lam Inventory Turnover Historical Data

The historical data trend for Airo Lam'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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Airo Lam Inventory Turnover Chart

Airo Lam Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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2.48

1.99

2.43

2.25

2.17

Airo Lam Quarterly Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Inventory Turnover	Get a 7-Day Free Trial															0.58	0.45	0.49	0.57	0.49

Airo Lam Inventory Turnover Calculation

Airo Lam'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 )
=	1324.593	/ (	(590.072	+	628.757)	/	2 )
=	1324.593	/	609.4145
=	2.17

Airo Lam's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	309.944	/ (	(628.757	+	636.445)	/	2 )
=	309.944	/	632.601
=	0.49

Airo Lam (NSE:AIROLAM) 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.

Airo Lam's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	632.601	/	309.944	*	365 / 4
	=	186.24

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.

Airo Lam's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	632.601	/	486.418
	=	1.30

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.

Airo Lam Inventory Turnover Related Terms

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Airo Lam (NSE:AIROLAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Airo Lam Ltd (NSE:AIROLAM) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Survey No. 355, Nananpur Approach Road, N.H. No.8, Tahsil-Prantij, Himmatnagar, Dalpur, Sabarkantha, GJ, IND, 383120

Website

https://www.airolam.com

Airo Lam Ltd is engaged in the manufacturing of High-Pressure decorative laminates. Its products are used in kitchen furniture, workshops, bathroom furniture, interior doors, and interior wall linings.

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