Mahalaxmi Fabric Mills (NSE:MFML) Inventory Turnover : 1.76 (As of Sep. 2024)

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What is Mahalaxmi Fabric Mills 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. Mahalaxmi Fabric Mills's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹346 Mil. Mahalaxmi Fabric Mills's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹196 Mil. Mahalaxmi Fabric Mills's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mahalaxmi Fabric Mills's Days Inventory for the six months ended in Sep. 2024 was 103.71.

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. Mahalaxmi Fabric Mills's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.23.

Mahalaxmi Fabric Mills Inventory Turnover Historical Data

The historical data trend for Mahalaxmi Fabric Mills'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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Mahalaxmi Fabric Mills Inventory Turnover Chart

Mahalaxmi Fabric Mills Annual Data

Trend

Mar22

Mar23

Mar24

Inventory Turnover

9.01

9.15

Mahalaxmi Fabric Mills Semi-Annual Data
	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	-	2.19	6.64	1.76

Mahalaxmi Fabric Mills Inventory Turnover Calculation

Mahalaxmi Fabric Mills'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 )
=	1330.117	/ (	(135.062	+	155.697)	/	2 )
=	1330.117	/	145.3795
=	9.15

Mahalaxmi Fabric Mills'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 )
=	345.749	/ (	(155.697	+	237.25)	/	2 )
=	345.749	/	196.4735
=	1.76

Mahalaxmi Fabric Mills (NSE:MFML) 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.

Mahalaxmi Fabric Mills'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
	=	196.4735	/	345.749	*	365 / 2
	=	103.71

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.

Mahalaxmi Fabric Mills'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 )
	=	196.4735	/	870.108
	=	0.23

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.

Mahalaxmi Fabric Mills Inventory Turnover Related Terms

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Mahalaxmi Fabric Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mahalaxmi Fabric Mills Ltd (NSE:MFML) » Definitions » Inventory Turnover

Traded in Other Exchanges

544233:India

Address

Polytechnic Road, YSL Avenue, Opposite Ketav Petrol Pump, Mahalaxmi House, Ambawadi, Ahmedabad, GJ, IND, 380 015

Website

https://www.mahalaxmigroup.net/MFML

Mahalaxmi Fabric Mills Ltd is engaged in the textile market. The company operated in only one segment i.e manufacturing and trading of traditional textile. Company's revenue is derived primarily from sale of goods.

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