Ganesha Ecosphere (NSE:GANECOS) Inventory Turnover : 0.89 (As of Dec. 2024)

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What is Ganesha Ecosphere 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. Ganesha Ecosphere's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹2,851 Mil. Ganesha Ecosphere's Average Total Inventories for the quarter that ended in Dec. 2024 was ₹3,199 Mil. Ganesha Ecosphere's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ganesha Ecosphere's Days Inventory for the three months ended in Dec. 2024 was 102.40.

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. Ganesha Ecosphere's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.80.

Ganesha Ecosphere Inventory Turnover Historical Data

The historical data trend for Ganesha Ecosphere'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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Ganesha Ecosphere Inventory Turnover Chart

Ganesha Ecosphere Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.87

3.61

4.22

3.82

2.89

Ganesha Ecosphere 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															0.68	0.82	0.78	0.87	0.89

Ganesha Ecosphere Inventory Turnover Calculation

Ganesha Ecosphere'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 )
=	8408.524	/ (	(2804.642	+	3013.522)	/	2 )
=	8408.524	/	2909.082
=	2.89

Ganesha Ecosphere'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 )
=	2850.77	/ (	(3199.047	+	0)	/	1 )
=	2850.77	/	3199.047
=	0.89

Ganesha Ecosphere (NSE:GANECOS) 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.

Ganesha Ecosphere'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
	=	3199.047	/	2850.77	*	365 / 4
	=	102.40

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.

Ganesha Ecosphere'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 )
	=	3199.047	/	3978.047
	=	0.80

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.

Ganesha Ecosphere Inventory Turnover Related Terms

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Ganesha Ecosphere Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ganesha Ecosphere Ltd (NSE:GANECOS) » Definitions » Inventory Turnover

Traded in Other Exchanges

514167:India

Address

113/216-B, Swaroop Nagar, First Floor, Kanpur, UP, IND, 208002

Website

https://www.ganeshaecosphere.com

Ganesha Ecosphere Ltd deals in the manufacture and sale of polyester staple fiber and spun yarn. The company is involved in the manufacture of recycled polyester staple fiber (RPSF) and recycled polyester spun yarn (RPSY) from pre-and post-consumer polyethylene terephthalate (PET) bottle scrap. Firm' products have application in the manufacture of textiles (T-shirts, body warmers), functional textiles (non-woven air filter fabric, geotextiles, carpets, car upholstery) and fillings (for pillows, duvets, toys). Majority of the company's revenue is derived in India.

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