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Italian Edibles (NSE:ITALIANE) Inventory Turnover : 0.73 (As of Sep. 2024)


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What is Italian Edibles 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. Italian Edibles's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹320.6 Mil. Italian Edibles's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹436.9 Mil. Italian Edibles's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Italian Edibles's Days Inventory for the six months ended in Sep. 2024 was 248.67.

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. Italian Edibles's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.04.

Italian Edibles Inventory Turnover Historical Data

The historical data trend for Italian Edibles'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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Italian Edibles Inventory Turnover Chart

Italian Edibles Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Inventory Turnover
2.22 3.16 2.11 1.63

Italian Edibles Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24
Inventory Turnover Get a 7-Day Free Trial - - 1.09 0.65 0.73

Italian Edibles Inventory Turnover Calculation

Italian Edibles'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 )
=536.977 / ((247.37 + 411.195) / 2 )
=536.977 / 329.2825
=1.63

Italian Edibles'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 )
=320.631 / ((411.195 + 462.566) / 2 )
=320.631 / 436.8805
=0.73

* 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.

Italian Edibles  (NSE:ITALIANE) 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.

Italian Edibles's Days Inventory for the six 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
=436.8805/320.631*365 / 2
=248.67

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.

Italian Edibles'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 )
=436.8805 / 419.547
=1.04

* 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.

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.

Italian Edibles Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Italian Edibles's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Italian Edibles Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Italian Edibles Ltd (NSE:ITALIANE) » Definitions » Inventory Turnover
Comparable Companies
BOM:530617 BOM:539742 BOM:532183 BOM:507300 BOM:507180 BOM:531923 NSE:MVKAGRO BOM:531065 NSE:DOLLEX BOM:537709 MDLZ HSY XSWX:LISN XSWX:BARN XKRX:271560 CAS:CSR TSE:2222 TR TSE:2201 BOM:500038
Traded in Other Exchanges
N/A
Address
309/1/1/8 Block No.03, Mangal Udhyog Nagar, Gram Palda, Indore, MP, IND, 452020
Website
https://www.ofcoursegroup.com
Italian Edibles Ltd is a confectionery company. It produces a wide range of confectioneries such as Rabdi [Meethai Sweet], Milk Paste, Chocolate Paste, Lollipops, Candies, Jelly Candies, Multi-Grain Puff Rolls, and Fruit Based products. It also supplies Biscuits (wafers), dairy, ice cream, and confectionery products to many business houses in India.

Italian Edibles Headlines

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