Moksh Ornaments (NSE:MOKSH) Inventory Turnover : 2.23 (As of Sep. 2024)

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What is Moksh Ornaments 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. Moksh Ornaments's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹1,471 Mil. Moksh Ornaments's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹659 Mil. Moksh Ornaments's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Moksh Ornaments's Days Inventory for the three months ended in Sep. 2024 was 40.85.

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. Moksh Ornaments's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.42.

Moksh Ornaments Inventory Turnover Historical Data

The historical data trend for Moksh Ornaments'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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Moksh Ornaments Inventory Turnover Chart

Moksh Ornaments Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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9.10

12.63

15.97

14.58

8.70

Moksh Ornaments Quarterly Data
	Sep19	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															2.80	1.83	1.75	2.33	2.23

Moksh Ornaments Inventory Turnover Calculation

Moksh Ornaments'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 )
=	4275.15	/ (	(436.299	+	546.136)	/	2 )
=	4275.15	/	491.2175
=	8.70

Moksh Ornaments'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 )
=	1470.954	/ (	(0	+	658.502)	/	1 )
=	1470.954	/	658.502
=	2.23

Moksh Ornaments (NSE:MOKSH) 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.

Moksh Ornaments'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
	=	658.502	/	1470.954	*	365 / 4
	=	40.85

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.

Moksh Ornaments'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 )
	=	658.502	/	1584.477
	=	0.42

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.

Moksh Ornaments Inventory Turnover Related Terms

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Moksh Ornaments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Moksh Ornaments Ltd (NSE:MOKSH) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Kalbadevi Road, B-405/1, B-405/2, 4th floor, 99, Mulji Jetha Building, Glitz Mall, Champa Galli Cross Lane, Vitthalwadi, Kalbadevi, Mumbai, MH, IND, 400002

Website

http://www.mokshornaments.com

Moksh Ornaments Ltd is an India based company engaged in the manufacturing and wholesale of jewellery. The company sells gold jewellery and its product profile includes Bangles, Chain, and Mangalsutra. The jewelleries are manufactured on job work basis at Kolkata and Mumbai.

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