Goldstar Power (NSE:GOLDSTAR) Inventory Turnover : 3.27 (As of Mar. 2024)

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What is Goldstar Power 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. Goldstar Power's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹394.8 Mil. Goldstar Power's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹120.6 Mil. Goldstar Power's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Goldstar Power's Days Inventory for the six months ended in Mar. 2024 was 55.77.

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. Goldstar Power's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.24.

Goldstar Power Inventory Turnover Historical Data

The historical data trend for Goldstar Power'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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Goldstar Power Inventory Turnover Chart

Goldstar Power Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.26

2.94

2.98

3.09

3.27

Goldstar Power Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23	Mar24
Inventory Turnover	Get a 7-Day Free Trial							2.26	2.94	2.98	3.09	3.27

Goldstar Power Inventory Turnover Calculation

Goldstar Power'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 )
=	394.77	/ (	(125.146	+	116.109)	/	2 )
=	394.77	/	120.6275
=	3.27

Goldstar Power's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	394.77	/ (	(125.146	+	116.109)	/	2 )
=	394.77	/	120.6275
=	3.27

Goldstar Power (NSE:GOLDSTAR) 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.

Goldstar Power's Days Inventory for the six months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	120.6275	/	394.77	*	365 / 2
	=	55.77

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.

Goldstar Power's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	120.6275	/	500.442
	=	0.24

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.

Goldstar Power Inventory Turnover Related Terms

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Goldstar Power Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Goldstar Power Ltd (NSE:GOLDSTAR) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Rajkot Highway, Behind Ravi Petrol Pump, At & Post Hapa, Jamanagar, GJ, IND, 361120

Website

https://www.goldstarpower.com

Goldstar Power Ltd is a battery manufacturing Company. It sells its products under brand GOLDSTAR that includes Fully Automotive Batteries for Car, Tractor and Heavy Duty Trucks, Tubular Batteries for E-Rickshaw, SMF-VRLA Batteries for UPS Application, Motorcycle Batteries, Solar Batteries, Pure Lead and Alloy. The company has two reportable segments: Manufacturing of Battery, Lead Alloy and Trading of Inverter, Chemicals & other battery related equipment. Key revenue is generated from Manufacturing of Battery, Lead Alloy segment.

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