Rockingdeals Circular Economy (NSE:ROCKINGDCE) Inventory Turnover : 2.81 (As of Mar. 2024)

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What is Rockingdeals Circular Economy 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. Rockingdeals Circular Economy's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹392.7 Mil. Rockingdeals Circular Economy's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹139.8 Mil. Rockingdeals Circular Economy's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rockingdeals Circular Economy's Days Inventory for the six months ended in Mar. 2024 was 64.97.

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. Rockingdeals Circular Economy's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.28.

Rockingdeals Circular Economy Inventory Turnover Historical Data

The historical data trend for Rockingdeals Circular Economy'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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Rockingdeals Circular Economy Inventory Turnover Chart

Rockingdeals Circular Economy Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

1.50

2.55

2.10

2.81

Rockingdeals Circular Economy Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Inventory Turnover	1.50	2.55	2.10	2.81

Rockingdeals Circular Economy Inventory Turnover Calculation

Rockingdeals Circular Economy'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 )
=	392.692	/ (	(50.467	+	229.137)	/	2 )
=	392.692	/	139.802
=	2.81

Rockingdeals Circular Economy'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: Mar. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	392.692	/ (	(50.467	+	229.137)	/	2 )
=	392.692	/	139.802
=	2.81

Rockingdeals Circular Economy (NSE:ROCKINGDCE) 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.

Rockingdeals Circular Economy's Days Inventory for the six 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
	=	139.802	/	392.692	*	365 / 2
	=	64.97

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.

Rockingdeals Circular Economy'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 )
	=	139.802	/	495.612
	=	0.28

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.

Rockingdeals Circular Economy Inventory Turnover Related Terms

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Rockingdeals Circular Economy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Rockingdeals Circular Economy Ltd (NSE:ROCKINGDCE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mile Stone, 12/3, NH 44, Mathura Road, Sector 37, Near Sarai Metro Station, Sarai Khawaja Village, Faridabad, HR, IND, 121003

Website

https://www.rockingdeals.in

Rockingdeals Circular Economy Ltd is engaged in bulk trading of excess inventory, open-boxed inventory, re-commerce products and refurbished products. These products range in several categories such as small home appliances, apparel, kitchenware and household, speaker & mobile accessories, large appliances, footwear, etc. These products are generally of various brands such as Samsung, Thomson, MI, LG, symphony, ZARA, Nike, Reebok, Campus, Sony, JBL, Boat, Gizmore, One Plus, etc.

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