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


What is Opal Luxury Time Products Inventory Turnover?

Opal Luxury Time Products NSE:OPAL Inventory Turnover is 12.39 as of Sep. 2019.

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  (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

* 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.

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

Opal Luxury Time Products Inventory Turnover Historical Data

* Premium members only.

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.

Opal Luxury Time Products Inventory Turnover Chart

Opal Luxury Time Products Annual Data
Trend Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18
Inventory Turnover
Get a 7-Day Free Trial 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 Premium Member Only 0.00 0.00 0.00 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

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 12.39 mean?
Opal Luxury Time Products (NSE:OPAL) has a Inventory Turnover of 12.39 as of Sep. 2019. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Opal Luxury Time Products and its competitors.
Is Opal Luxury Time Products' Inventory Turnover too high?
Opal Luxury Time Products' current Inventory Turnover is 12.39.
How does Opal Luxury Time Products' Inventory Turnover compare to FBHS and WHR?
Opal Luxury Time Products' Inventory Turnover of 12.39 can be compared against companies in the Furnishings, Fixtures & Appliances industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Furnishings, Fixtures & Appliances company?
A good Inventory Turnover depends on the Furnishings, Fixtures & Appliances industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Opal Luxury Time Products and its competitors. Opal Luxury Time Products's current Inventory Turnover is 12.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Opal Luxury Time Products stock overvalued right now?
Opal Luxury Time Products (NSE:OPAL) has a current Inventory Turnover of 12.39. The current Inventory Turnover is 12.39. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Opal Luxury Time Products (NSE:OPAL), the current Inventory Turnover is 12.39 as of Sep. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Opal Luxury Time Products Business Description

Address Senapati Bapat Road, Shree Ganesh, Plot No. 31, 1st Floor, Shivaji Housing Society, Behind ICC Tower, Pune, MH, IND, 411016
Opal Luxury Time Products Ltd is engaged in manufacturing and marketing of home decor products and designs, manufactures, assembles, markets 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 decor 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.