Naman In-Store (India) (NSE:NAMAN) Inventory Turnover : 3.04 (As of Sep. 2023)

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What is Naman In-Store (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. Naman In-Store (India)'s Cost of Goods Sold for the six months ended in Sep. 2023 was ₹640.8 Mil. Naman In-Store (India)'s Average Total Inventories for the quarter that ended in Sep. 2023 was ₹211.1 Mil. Naman In-Store (India)'s Inventory Turnover for the quarter that ended in Sep. 2023 was 3.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Naman In-Store (India)'s Days Inventory for the six months ended in Sep. 2023 was 60.12.

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. Naman In-Store (India)'s Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.27.

Naman In-Store (India) Inventory Turnover Historical Data

The historical data trend for Naman In-Store (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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Naman In-Store (India) Inventory Turnover Chart

Naman In-Store (India) Annual Data

Trend

Mar21

Mar22

Mar23

Inventory Turnover

2.37

5.22

9.19

Naman In-Store (India) Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
Inventory Turnover	-	-	-	3.04

Naman In-Store (India) Inventory Turnover Calculation

Naman In-Store (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 )
=	1340.772	/ (	(133.575	+	158.359)	/	2 )
=	1340.772	/	145.967
=	9.19

Naman In-Store (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 )
=	640.785	/ (	(158.359	+	263.856)	/	2 )
=	640.785	/	211.1075
=	3.04

Naman In-Store (India) (NSE:NAMAN) 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.

Naman In-Store (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
	=	211.1075	/	640.785	*	365 / 2
	=	60.12

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.

Naman In-Store (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 )
	=	211.1075	/	792.179
	=	0.27

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.

Naman In-Store (India) Inventory Turnover Related Terms

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Naman In-Store (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Naman In-Store (India) Ltd (NSE:NAMAN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

National Highway No. 48, Unit No. 04/47, Kantharia Industrial Estate, Survey No.: 90/3/2/B, Opposite Sopara Phata Police Station, At & Post-Pelhar, Taluka- Vasai, District-Palghar, Palghar, MH, IND, 401208

Website

https://www.namaninstore.com

Naman In-Store (India) Ltd is a display and retail furniture and fixture company with a broad spectrum of offerings and in-store solutions for various industries and retail stores. It manufacture modular furniture for offices, beauty stores, low-housing kitchens, educational institution as well as supermarket shelving solutions. It is engaged in single segment that is in the manufacturing of customized Retail Store fixtures and furniture in Wood, Metal, Plastic, Display fixtures & Furniture's, Indoor fixtures, Full Shops, CTU, CDU, POSM merchandising and others.

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