D K Enterprises Global (NSE:DKEGL) Inventory Turnover : 8.51 (As of Sep. 2024)

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What is D K Enterprises Global 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. D K Enterprises Global's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹734 Mil. D K Enterprises Global's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹86 Mil. D K Enterprises Global's Inventory Turnover for the quarter that ended in Sep. 2024 was 8.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. D K Enterprises Global's Days Inventory for the six months ended in Sep. 2024 was 21.44.

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. D K Enterprises Global's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.10.

D K Enterprises Global Inventory Turnover Historical Data

The historical data trend for D K Enterprises Global'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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D K Enterprises Global Inventory Turnover Chart

D K Enterprises Global Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

12.85

10.86

9.72

13.77

15.78

D K Enterprises Global Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial				6.95	6.04	7.41	6.89	8.51

D K Enterprises Global Inventory Turnover Calculation

D K Enterprises Global'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 )
=	1263.061	/ (	(84.533	+	75.55)	/	2 )
=	1263.061	/	80.0415
=	15.78

D K Enterprises Global'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 )
=	734.311	/ (	(75.55	+	96.962)	/	2 )
=	734.311	/	86.256
=	8.51

D K Enterprises Global (NSE:DKEGL) 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.

D K Enterprises Global'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
	=	86.256	/	734.311	*	365 / 2
	=	21.44

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.

D K Enterprises Global'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 )
	=	86.256	/	858.082
	=	0.10

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.

D K Enterprises Global Inventory Turnover Related Terms

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D K Enterprises Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » D K Enterprises Global Ltd (NSE:DKEGL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot Number - 235, Industrial Area Phase-2, Panchkula, HR, IND, 134109

Website

https://www.dkenterprises.co.in

D K Enterprises Global Ltd manufactures paper-based packaging materials, self-adhesive tapes, and laminated products. The company operates in the business segment BOPP Tape & laminates, Corrugated sheets & boxes and Soap Stiffener & Wrapper. . The company generates revenue from the BOPP tape and Laminates segment.

D K Enterprises Global Headlines

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