Lexus Granito (India) (NSE:LEXUS) Inventory Turnover : 0.47 (As of Sep. 2023)

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What is Lexus Granito (India) 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. Lexus Granito (India)'s Cost of Goods Sold for the six months ended in Sep. 2023 was ₹337 Mil. Lexus Granito (India)'s Average Total Inventories for the quarter that ended in Sep. 2023 was ₹723 Mil. Lexus Granito (India)'s Inventory Turnover for the quarter that ended in Sep. 2023 was 0.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lexus Granito (India)'s Days Inventory for the six months ended in Sep. 2023 was 391.18.

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. Lexus Granito (India)'s Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.14.

Lexus Granito (India) Inventory Turnover Historical Data

The historical data trend for Lexus Granito (India)'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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Lexus Granito (India) Inventory Turnover Chart

Lexus Granito (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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1.56

0.99

1.83

1.95

1.36

Lexus Granito (India) Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial													0.17	1.69	0.21	1.11	0.47

Lexus Granito (India) Inventory Turnover Calculation

Lexus Granito (India)'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 )
=	910.176	/ (	(626.863	+	715.484)	/	2 )
=	910.176	/	671.1735
=	1.36

Lexus Granito (India)'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 )
=	337.382	/ (	(715.484	+	730.837)	/	2 )
=	337.382	/	723.1605
=	0.47

Lexus Granito (India) (NSE:LEXUS) 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.

Lexus Granito (India)'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
	=	723.1605	/	337.382	*	365 / 2
	=	391.18

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.

Lexus Granito (India)'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 )
	=	723.1605	/	634.192
	=	1.14

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.

Lexus Granito (India) Inventory Turnover Related Terms

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Lexus Granito (India) (NSE:LEXUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Lexus Granito (India) Ltd (NSE:LEXUS) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Lakhdhripur Road, National Highway 8A, Opposite Lakhdhripur Village, Survey No. 800, Taluka Morbi, Rajkot, GJ, IND, 363642

Website

https://www.lexusgranito.com

Lexus Granito (India) Ltd operates in the Ceramic industry. The company is a manufacturer & supplier of Polished Glazed Vitrified Tiles, Glazed Vitrified Tiles and digital wall tiles.

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