Forcas Studio (NSE:FORCAS) Inventory Turnover : 2.22 (As of Mar. 2023)

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What is Forcas Studio 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. Forcas Studio's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹525.3 Mil. Forcas Studio's Average Total Inventories for the quarter that ended in Mar. 2023 was ₹237.1 Mil. Forcas Studio's Inventory Turnover for the quarter that ended in Mar. 2023 was 2.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Forcas Studio's Days Inventory for the six months ended in Mar. 2023 was 82.39.

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. Forcas Studio's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.34.

Forcas Studio Inventory Turnover Historical Data

The historical data trend for Forcas Studio'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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Forcas Studio Inventory Turnover Chart

Forcas Studio Annual Data

Trend

Mar21

Mar22

Mar23

Inventory Turnover

1.92

1.75

2.22

Forcas Studio Semi-Annual Data
	Mar21	Mar22	Mar23
Inventory Turnover	1.92	1.75	2.22

Forcas Studio Inventory Turnover Calculation

Forcas Studio'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 )
=	525.277	/ (	(293.373	+	180.884)	/	2 )
=	525.277	/	237.1285
=	2.22

Forcas Studio's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	525.277	/ (	(293.373	+	180.884)	/	2 )
=	525.277	/	237.1285
=	2.22

Forcas Studio (NSE:FORCAS) 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.

Forcas Studio's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	237.1285	/	525.277	*	365 / 2
	=	82.39

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.

Forcas Studio's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	237.1285	/	696.046
	=	0.34

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.

Forcas Studio Inventory Turnover Related Terms

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Forcas Studio Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Forcas Studio Ltd (NSE:FORCAS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Budge Budge Trunk Road, B-3 71C/161, Tara Maa Tower, Khalpole, South 24 Parganas, Thakurpur, Mahestola, WB, IND, 700 142

Website

https://www.focasstudio.in

Forcas Studio Ltd sells men's clothing, including shirts, jeans, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers. The company provides these products online and in bulk to customers all over India. It also offers white-labelling services for other brands, such as Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, Kontail, and more. The company sells its products through online platforms under the brand name of FTX' Tribe and Conteno.

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