Goyal Aluminiums (NSE:GOYALALUM) Inventory Turnover : 9.13 (As of Sep. 2024)

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What is Goyal Aluminiums 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. Goyal Aluminiums's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹206.0 Mil. Goyal Aluminiums's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹22.6 Mil. Goyal Aluminiums's Inventory Turnover for the quarter that ended in Sep. 2024 was 9.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Goyal Aluminiums's Days Inventory for the three months ended in Sep. 2024 was 10.00.

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. Goyal Aluminiums's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.10.

Goyal Aluminiums Inventory Turnover Historical Data

The historical data trend for Goyal Aluminiums'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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Goyal Aluminiums Inventory Turnover Chart

Goyal Aluminiums Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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19.82

12.14

17.20

26.85

29.46

Goyal Aluminiums Quarterly Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial														7.21	-	-	10.66	9.13

Goyal Aluminiums Inventory Turnover Calculation

Goyal Aluminiums'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 )
=	641.301	/ (	(20.93	+	22.611)	/	2 )
=	641.301	/	21.7705
=	29.46

Goyal Aluminiums'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 )
=	205.99	/ (	(22.611	+	22.53)	/	2 )
=	205.99	/	22.5705
=	9.13

Goyal Aluminiums (NSE:GOYALALUM) 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.

Goyal Aluminiums's Days Inventory for the three 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
	=	22.5705	/	205.99	*	365 / 4
	=	10.00

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.

Goyal Aluminiums'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 )
	=	22.5705	/	216.75
	=	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.

Goyal Aluminiums Inventory Turnover Related Terms

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Goyal Aluminiums Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goyal Aluminiums Ltd (NSE:GOYALALUM) » Definitions » Inventory Turnover

Traded in Other Exchanges

541152:India

Address

Chuna Mandi, 2814/6, Ground Floor, Paharganj, New Delhi, IND, 110055

Website

https://www.goyalaluminiums.com

Goyal Aluminiums Ltd is engaged in the manufacturing and trading of aluminum coils, aluminum sheets, aluminum sections, and other aluminum parts.

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