Jay Jalaram Technologies (NSE:KORE) Inventory Turnover : 3.84 (As of Sep. 2023)

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What is Jay Jalaram Technologies 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. Jay Jalaram Technologies's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹1,986 Mil. Jay Jalaram Technologies's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹517 Mil. Jay Jalaram Technologies's Inventory Turnover for the quarter that ended in Sep. 2023 was 3.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jay Jalaram Technologies's Days Inventory for the six months ended in Sep. 2023 was 47.50.

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. Jay Jalaram Technologies's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.24.

Jay Jalaram Technologies Inventory Turnover Historical Data

The historical data trend for Jay Jalaram Technologies'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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Jay Jalaram Technologies Inventory Turnover Chart

Jay Jalaram Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

12.36

10.28

9.37

9.28

7.71

Jay Jalaram Technologies Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial			4.87	4.47	4.85	3.65	3.84

Jay Jalaram Technologies Inventory Turnover Calculation

Jay Jalaram Technologies'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 )
=	2219.191	/ (	(183.64	+	391.839)	/	2 )
=	2219.191	/	287.7395
=	7.71

Jay Jalaram Technologies's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	1986.172	/ (	(391.839	+	642.085)	/	2 )
=	1986.172	/	516.962
=	3.84

Jay Jalaram Technologies (NSE:KORE) 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.

Jay Jalaram Technologies's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	516.962	/	1986.172	*	365 / 2
	=	47.50

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.

Jay Jalaram Technologies's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	516.962	/	2188.375
	=	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.

Jay Jalaram Technologies Inventory Turnover Related Terms

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Jay Jalaram Technologies (NSE:KORE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Jay Jalaram Technologies Ltd (NSE:KORE) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Shilp Char Rasta, C. G. Road, Office No.103, Shail Mall, B/H. Girish Cold Drink, Navrangpura, Ahmedabad, GJ, IND, 380009

Website

https://www.koremobiles.com

Jay Jalaram Technologies Ltd is engaged in multi-brand retail selling of smartphones and allied accessories from manufacturers like Apple, Samsung, Oppo, Realme, Nokia, Vivo, Xiaomi, Nokia, Redmi, Techno, One Plus, and Xiaomi. It is also engaged in multi-brand retail selling of consumer durable electronics goods like Smart TVs, Air Conditioners, Fridges, Coolers, etc. from brands like TCL, Haier, Daikin, Voltas, Mi, Realme, OnePlus, Xiaomi, and Skytron. The company operates under the brand name Kore Mobile. The company operates in two segments; Electronic Gadgets and Electric Vehicles. The Majority of revenue is derived from the Trading of the Electronic Gadgets Segment.