Karnika Industries (NSE:KARNIKA) Inventory Turnover : 2.68 (As of Mar. 2023)

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What is Karnika 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. Karnika Industries's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹1,019 Mil. Karnika Industries's Average Total Inventories for the quarter that ended in Mar. 2023 was ₹381 Mil. Karnika Industries's Inventory Turnover for the quarter that ended in Mar. 2023 was 2.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Karnika Industries's Days Inventory for the six months ended in Mar. 2023 was 68.21.

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. Karnika Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.29.

Karnika Industries Inventory Turnover Historical Data

The historical data trend for Karnika 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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Karnika Industries Inventory Turnover Chart

Karnika Industries Annual Data

Trend

Mar21

Mar22

Mar23

Inventory Turnover

3.68

4.23

2.68

Karnika Industries Semi-Annual Data
	Mar21	Mar22	Mar23
Inventory Turnover	3.68	4.23	2.68

Karnika Industries Inventory Turnover Calculation

Karnika 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 )
=	1018.903	/ (	(276.248	+	485.366)	/	2 )
=	1018.903	/	380.807
=	2.68

Karnika Industries's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	1018.903	/ (	(276.248	+	485.366)	/	2 )
=	1018.903	/	380.807
=	2.68

Karnika Industries (NSE:KARNIKA) 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.

Karnika Industries's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	380.807	/	1018.903	*	365 / 2
	=	68.21

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.

Karnika Industries's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	380.807	/	1309.595
	=	0.29

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.

Karnika Industries Inventory Turnover Related Terms

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Karnika Industries (NSE:KARNIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Karnika Industries Ltd (NSE:KARNIKA) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gurgola Ghat Road P.O. Salkia Howrah, 6&6/1, Kolkata, WB, IND, 711106

Website

http://www.karnikaindustries.com

Karnika Industries Ltd is an ISO 14001:2015 certified manufacturer through job work, trader and exporter of garments. It manufactures all types of kids wear through job work, i.e., shorts, joggers, capri, tees, rompers, sleepsuits, pyjamas, winter wear, infant wear, etc. It has constructed well-established manufacturing units for designing, preparation of the sample, quality inspection, ironing and packing of Garments that are equipped with all the necessary hi-tech machines and tools that are required for a modern manufacturing unit.

Karnika Industries (NSE:KARNIKA) Headlines

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