Opal Luxury Time Products (NSE:OPAL) Inventory Turnover : 12.39 (As of Sep. 2019)

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What is Opal Luxury Time Products 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. Opal Luxury Time Products's Cost of Goods Sold for the six months ended in Sep. 2019 was ₹67.47 Mil. Opal Luxury Time Products's Average Total Inventories for the quarter that ended in Sep. 2019 was ₹5.45 Mil. Opal Luxury Time Products's Inventory Turnover for the quarter that ended in Sep. 2019 was 12.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Opal Luxury Time Products's Days Inventory for the six months ended in Sep. 2019 was 14.73.

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. Opal Luxury Time Products's Inventory-to-Revenue for the quarter that ended in Sep. 2019 was 0.73.

Opal Luxury Time Products Inventory Turnover Historical Data

The historical data trend for Opal Luxury Time Products'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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Opal Luxury Time Products Inventory Turnover Chart

Opal Luxury Time Products Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Inventory Turnover

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2.15

1.98

1.91

1.62

0.76

Opal Luxury Time Products Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Sep19
Inventory Turnover	Get a 7-Day Free Trial				-	-	-	0.20	12.39

Opal Luxury Time Products Inventory Turnover Calculation

Opal Luxury Time Products's Inventory Turnover for the fiscal year that ended in Mar. 2018 is calculated as

	Inventory Turnover (A: Mar. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2018 )	/ (	(Total Inventories (A: Mar. 2017 )	+	Total Inventories (A: Mar. 2018 ))	/	count )
=	88.021	/ (	(112.796	+	118.815)	/	2 )
=	88.021	/	115.8055
=	0.76

Opal Luxury Time Products's Inventory Turnover for the quarter that ended in Sep. 2019 is calculated as

	Inventory Turnover (Q: Sep. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2019 )	/ (	(Total Inventories (Q: Sep. 2018 )	+	Total Inventories (Q: Sep. 2019 ))	/	count )
=	67.465	/ (	(0	+	5.446)	/	1 )
=	67.465	/	5.446
=	12.39

Opal Luxury Time Products (NSE:OPAL) 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.

Opal Luxury Time Products's Days Inventory for the six months ended in Sep. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2019 )	/	Cost of Goods Sold (Q: Sep. 2019 )	*	Days in Period
	=	5.446	/	67.465	*	365 / 2
	=	14.73

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.

Opal Luxury Time Products's Inventory to Revenue for the quarter that ended in Sep. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2019 )	/	Revenue (Q: Sep. 2019 )
	=	5.446	/	7.49
	=	0.73

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.

Opal Luxury Time Products Inventory Turnover Related Terms

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Opal Luxury Time Products (NSE:OPAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Opal Luxury Time Products Ltd (NSE:OPAL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Senapati Bapat Road, Shree Ganesh, Plot No. 31, 1st Floor, Shivaji Housing Society, Behind ICC Tower, Pune, MH, IND, 411016

Website

http://www.opalclocks.com

Opal Luxury Time Products Ltd is engaged in manufacturing and marketing of home decor products and designs, manufactures, assembles, markets and primarily in India and offers watches, wall and table clocks, and allied products and accessories. The firm markets its products through a network of distributors, dealers, home décor stores, furniture stores, crockery dealers, and organized retailers under the Opal brand. The company operates 333 counters and 11 online shopping portals in India. The firm offers a diverse product mix which varies with the following parameters: - Price Range, Mould-component-make (wood, metal, acrylic, glass, etc.) and Styles (statue, table, digital, and contemporary). It also offers its products through opalclocks.com, an online shopping portal.