Orbit Exports (NSE:ORBTEXP) Inventory Turnover : 0.33 (As of Mar. 2024)

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What is Orbit Exports 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. Orbit Exports's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹156 Mil. Orbit Exports's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹468 Mil. Orbit Exports's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Orbit Exports's Days Inventory for the three months ended in Mar. 2024 was 272.92.

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. Orbit Exports's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.08.

Orbit Exports Inventory Turnover Historical Data

The historical data trend for Orbit Exports'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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Orbit Exports Inventory Turnover Chart

Orbit Exports Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.36

0.78

1.33

1.59

1.47

Orbit Exports Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.32	0.39	0.38	0.36	0.33

Orbit Exports Inventory Turnover Calculation

Orbit Exports'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 )
=	683.721	/ (	(464.762	+	468.075)	/	2 )
=	683.721	/	466.4185
=	1.47

Orbit Exports's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	156.499	/ (	(0	+	468.075)	/	1 )
=	156.499	/	468.075
=	0.33

Orbit Exports (NSE:ORBTEXP) 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.

Orbit Exports's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	468.075	/	156.499	*	365 / 4
	=	272.92

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.

Orbit Exports's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	468.075	/	435.133
	=	1.08

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.

Orbit Exports Inventory Turnover Related Terms

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Orbit Exports (NSE:ORBTEXP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Orbit Exports Ltd (NSE:ORBTEXP) » Definitions » Inventory Turnover

Traded in Other Exchanges

512626:India

Address

Dinshaw Wachha Road, 122, 2nd Floor, Mistry Bhavan, Near K C College, Churchgate, Mumbai, MH, IND, 400 020

Website

http://www.orbitexports.com

Orbit Exports Ltd is the manufacturer and exporter of fabrics. The company operates through two segments which include Manufacturing of textiles and Windmill Power Generation. Its products include Silky aspects, Fashion jacquards, and Christmas crafts. The Silky aspects products consist of Jacquard, Dupion, Silky charmeuse, and Taffeta. Its Fashion jacquard products include Sylvia and Monza jacquard, Olivia jacquard, New sherwani jacquard, Monochrome jacquard, Mercury jacquard, Impression jacquard, Glossy jacquard, Florence jacquard, Feather jacquard, and Bamboo. The company sells its products in India and also exports them to various other countries. It drives the majority of revenue from the sale of products and services.

Orbit Exports (NSE:ORBTEXP) Headlines

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