Gretex Industries (NSE:GRETEX) Inventory Turnover : 2.94 (As of Mar. 2022)

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What is Gretex Industries 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. Gretex Industries's Cost of Goods Sold for the six months ended in Mar. 2022 was ₹70.0 Mil. Gretex Industries's Average Total Inventories for the quarter that ended in Mar. 2022 was ₹23.8 Mil. Gretex Industries's Inventory Turnover for the quarter that ended in Mar. 2022 was 2.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gretex Industries's Days Inventory for the six months ended in Mar. 2022 was 61.99.

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. Gretex Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2022 was 0.31.

Gretex Industries Inventory Turnover Historical Data

The historical data trend for Gretex Industries'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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Gretex Industries Inventory Turnover Chart

Gretex Industries Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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10.79

6.80

4.60

4.25

5.51

Gretex Industries Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23
Inventory Turnover	Get a 7-Day Free Trial								1.79	3.53	2.91	2.94	-

Gretex Industries Inventory Turnover Calculation

Gretex Industries'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 )
=	198.202	/ (	(35.098	+	36.875)	/	2 )
=	198.202	/	35.9865
=	5.51

Gretex Industries's Inventory Turnover for the quarter that ended in Mar. 2022 is calculated as

	Inventory Turnover (Q: Mar. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2022 )	/ (	(Total Inventories (Q: Sep. 2021 )	+	Total Inventories (Q: Mar. 2022 ))	/	count )
=	70.019	/ (	(12.468	+	35.098)	/	2 )
=	70.019	/	23.783
=	2.94

Gretex Industries (NSE:GRETEX) 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.

Gretex Industries's Days Inventory for the six months ended in Mar. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2022 )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
	=	23.783	/	70.019	*	365 / 2
	=	61.99

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.

Gretex Industries's Inventory to Revenue for the quarter that ended in Mar. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2022 )	/	Revenue (Q: Mar. 2022 )
	=	23.783	/	77.388
	=	0.31

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.

Gretex Industries Inventory Turnover Related Terms

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Gretex Industries (NSE:GRETEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Gretex Industries Ltd (NSE:GRETEX) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

90, Phears Lane, 5th Floor, Kolkata, WB, IND, 700 012

Website

https://www.gretexindustries.com

Gretex Industries Ltd is engaged in the trading of musical instruments. The company's range of musical instruments includes; guitars, keyboards, piano, flute, violins, drums, and other percussion instruments. It also deals in equipment like microphones, headphones, amplifiers, studio monitor speakers, loudspeakers, mixers, and all types of accessories for pro audio and recording. The company is a distributor of brands like Yamaha, Daddario, Harman and Sennheiser, Alphatech, and amongst others.

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