Radiant Cash Management Services (NSE:RADIANTCMS) Inventory Turnover : 0.73 (As of Sep. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Radiant Cash Management Services 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. Radiant Cash Management Services's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹14 Mil. Radiant Cash Management Services's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹19 Mil. Radiant Cash Management Services's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Radiant Cash Management Services's Days Inventory for the three months ended in Sep. 2024 was 125.28.

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. Radiant Cash Management Services's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.02.

Radiant Cash Management Services Inventory Turnover Historical Data

The historical data trend for Radiant Cash Management Services'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.

* Premium members only.

Radiant Cash Management Services Inventory Turnover Chart

Radiant Cash Management Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

1.76

Radiant Cash Management Services Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial								-	-	1.76	0.64	0.73

Radiant Cash Management Services Inventory Turnover Calculation

Radiant Cash Management Services'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 )
=	15.14	/ (	(0	+	8.61)	/	1 )
=	15.14	/	8.61
=	1.76

Radiant Cash Management Services'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 )
=	14.05	/ (	(0	+	19.29)	/	1 )
=	14.05	/	19.29
=	0.73

Radiant Cash Management Services (NSE:RADIANTCMS) 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.

Radiant Cash Management Services'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
	=	19.29	/	14.05	*	365 / 4
	=	125.28

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.

Radiant Cash Management Services'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 )
	=	19.29	/	1070.38
	=	0.02

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.

Radiant Cash Management Services Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Radiant Cash Management Services's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Radiant Cash Management Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Radiant Cash Management Services Ltd (NSE:RADIANTCMS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

543732:India

Address

No. 4/3 Raju Nagar, First Street, Old Mahabalipuram Road, Radiant Building, Okkiyam Thoraipakkam, OMR, Chennai, TN, IND, 600 009

Website

https://www.radiantcashservices.com

Radiant Cash Management Services Ltd is an integrated cash logistics player with a presence in retail cash management. Its set of services, ranging from secured cash pick-up and delivery, network currency management, and cash-in-transit solutions to efficient cash processing, a diverse clientele trusts Radiant. Its clients include some of the foreign, private, and public sector banks, and the end users of services include some of the e-commerce companies, retail chains, NBFCs, insurance firms, e-commerce logistics players, railways, and retail petroleum distribution outlets. The company generates the majority of its revenue from Cash Pick and Delivery services. It operates in one business segment Cash Management Services.

Radiant Cash Management Services Headlines

No Headlines