Mangalam Global Enterprise (NSE:MGEL) Inventory Turnover : 5.00 (As of Sep. 2024)

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What is Mangalam Global Enterprise 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. Mangalam Global Enterprise's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹5,398 Mil. Mangalam Global Enterprise's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹1,080 Mil. Mangalam Global Enterprise's Inventory Turnover for the quarter that ended in Sep. 2024 was 5.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mangalam Global Enterprise's Days Inventory for the three months ended in Sep. 2024 was 18.26.

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. Mangalam Global Enterprise's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.19.

Mangalam Global Enterprise Inventory Turnover Historical Data

The historical data trend for Mangalam Global Enterprise'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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Mangalam Global Enterprise Inventory Turnover Chart

Mangalam Global Enterprise Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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29.80

40.74

17.63

14.57

20.55

Mangalam Global Enterprise Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															5.21	6.40	5.10	6.34	5.00

Mangalam Global Enterprise Inventory Turnover Calculation

Mangalam Global Enterprise'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 )
=	17749.627	/ (	(689.384	+	1037.874)	/	2 )
=	17749.627	/	863.629
=	20.55

Mangalam Global Enterprise'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 )
=	5398.216	/ (	(0	+	1080.336)	/	1 )
=	5398.216	/	1080.336
=	5.00

Mangalam Global Enterprise (NSE:MGEL) 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.

Mangalam Global Enterprise'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
	=	1080.336	/	5398.216	*	365 / 4
	=	18.26

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.

Mangalam Global Enterprise'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 )
	=	1080.336	/	5626.234
	=	0.19

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.

Mangalam Global Enterprise Inventory Turnover Related Terms

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Mangalam Global Enterprise Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mangalam Global Enterprise Ltd (NSE:MGEL) » Definitions » Inventory Turnover

Traded in Other Exchanges

544273:India

Address

Netaji Marg, 101, Mangalam Corporate House, 42, Shrimali Society, Mithakhali, Navrangpura, Ahmedabad, GJ, IND, 380009

Website

https://www.groupmangalam.com

Mangalam Global Enterprise Ltd is an Indian firm engaged in the manufacturing of agro-based commodities. It is involved mainly in the manufacturing, trading, and import of Edible and Non-edible oil and Agricultural products like Soya Oil, Soyal Meal, Mustard Oil, Refined Vegetable Oil, Cotton Bales, and Cotton Cake Cattle Feed among others. The company also trades Wheat and Rice domestically, and in the international markets through exports. Geographically, the company generates a majority of its revenue from its business in India and the rest from other countries.

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