Commercial Syn Bags (NSE:COMSYN) Inventory Turnover : 0.55 (As of Dec. 2024)

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What is Commercial Syn Bags 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. Commercial Syn Bags's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹445 Mil. Commercial Syn Bags's Average Total Inventories for the quarter that ended in Dec. 2024 was ₹812 Mil. Commercial Syn Bags's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Commercial Syn Bags's Days Inventory for the three months ended in Dec. 2024 was 166.59.

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. Commercial Syn Bags's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.94.

Commercial Syn Bags Inventory Turnover Historical Data

The historical data trend for Commercial Syn Bags'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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Commercial Syn Bags Inventory Turnover Chart

Commercial Syn Bags Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.78

3.70

3.65

3.80

3.47

Commercial Syn Bags Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.63	1.37	0.56	0.54	0.55

Commercial Syn Bags Inventory Turnover Calculation

Commercial Syn Bags'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 )
=	2259.528	/ (	(581.275	+	721.448)	/	2 )
=	2259.528	/	651.3615
=	3.47

Commercial Syn Bags's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	444.512	/ (	(811.532	+	0)	/	1 )
=	444.512	/	811.532
=	0.55

Commercial Syn Bags (NSE:COMSYN) 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.

Commercial Syn Bags's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	811.532	/	444.512	*	365 / 4
	=	166.59

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.

Commercial Syn Bags's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	811.532	/	864.926
	=	0.94

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.

Commercial Syn Bags Inventory Turnover Related Terms

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Commercial Syn Bags Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Commercial Syn Bags Ltd (NSE:COMSYN) » Definitions » Inventory Turnover

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539986:India

Address

M.Y.H. Road, Commercial House, 3-4, Jaora Compound, Indore, MP, IND, 452001

Website

https://www.comsyn.com

Commercial Syn Bags Ltd is engaged in the business of manufacturing and sale of Flexible Intermediate Bulk Container (FIBC), High-Density Polyethylene (HDPE) and Polypropylene (PP) Woven Sacks, PP fabric, BOPP Bags, Container Bags, Pond Liners, Mulch Films, Tarpaulin, Bulk Bags, Technical Textiles, Flexible Packaging, and others. The company's operating segment includes Manufacturing and Trading. The company generates maximum revenue from the Manufacturing segment. Geographically, it derives a majority of its revenue from Outside India.

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