Lorenzini Apparels (NSE:LAL) Inventory Turnover : 0.30 (As of Sep. 2024)

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What is Lorenzini Apparels 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. Lorenzini Apparels's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹85.5 Mil. Lorenzini Apparels's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹288.9 Mil. Lorenzini Apparels's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lorenzini Apparels's Days Inventory for the three months ended in Sep. 2024 was 308.38.

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. Lorenzini Apparels's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 2.21.

Lorenzini Apparels Inventory Turnover Historical Data

The historical data trend for Lorenzini Apparels'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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Lorenzini Apparels Inventory Turnover Chart

Lorenzini Apparels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.84

1.15

0.73

1.17

1.23

Lorenzini Apparels Quarterly Data
	Mar17	Jul17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.61	0.38	0.17	0.34	0.30

Lorenzini Apparels Inventory Turnover Calculation

Lorenzini Apparels'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 )
=	338.515	/ (	(227.634	+	321.904)	/	2 )
=	338.515	/	274.769
=	1.23

Lorenzini Apparels'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: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	85.485	/ (	(0	+	288.895)	/	1 )
=	85.485	/	288.895
=	0.30

Lorenzini Apparels (NSE:LAL) 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.

Lorenzini Apparels'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
	=	288.895	/	85.485	*	365 / 4
	=	308.38

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.

Lorenzini Apparels'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 )
	=	288.895	/	130.508
	=	2.21

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.

Lorenzini Apparels Inventory Turnover Related Terms

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Lorenzini Apparels Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lorenzini Apparels Ltd (NSE:LAL) » Definitions » Inventory Turnover

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540952:India

Address

C-64, Okhla Industrial Area Phase - I, South Delhi, New Delhi, IND, 110020

Website

https://www.mymonteil.com

Lorenzini Apparels Ltd is engaged in the business of manufacturing, designing and marketing of readymade garments offering diverse range of formal, semi-formal and casual wear for men and women. It serves customers through the channels of retail and e-commerce. Its garment manufacturing process includes cutting, stitching, sewing, finishing, inspection and packing. It also outsources the garments manufacturing on job work basis from third party contractors from time to time and provides the technical specifications such as designs, pattern, quality, fabric etc. to them who, based on its specifications, procure the requisite raw materials at their own costs and begin the manufacturing process.

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