Silly Monks Entertainment (NSE:SILLYMONKS) Inventory Turnover : 2.42 (As of Mar. 2024)

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What is Silly Monks Entertainment 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. Silly Monks Entertainment's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹41.5 Mil. Silly Monks Entertainment's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹17.1 Mil. Silly Monks Entertainment's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Silly Monks Entertainment's Days Inventory for the three months ended in Mar. 2024 was 37.65.

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. Silly Monks Entertainment's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.32.

Silly Monks Entertainment Inventory Turnover Historical Data

The historical data trend for Silly Monks Entertainment'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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Silly Monks Entertainment Inventory Turnover Chart

Silly Monks Entertainment Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.83

4.97

9.82

12.73

11.15

Silly Monks Entertainment Quarterly Data
	Mar19	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															2.86	3.17	2.44	3.08	2.42

Silly Monks Entertainment Inventory Turnover Calculation

Silly Monks Entertainment'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 )
=	188.082	/ (	(16.6	+	17.123)	/	2 )
=	188.082	/	16.8615
=	11.15

Silly Monks Entertainment'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 )
=	41.497	/ (	(0	+	17.123)	/	1 )
=	41.497	/	17.123
=	2.42

Silly Monks Entertainment (NSE:SILLYMONKS) 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.

Silly Monks Entertainment'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
	=	17.123	/	41.497	*	365 / 4
	=	37.65

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.

Silly Monks Entertainment'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 )
	=	17.123	/	53.677
	=	0.32

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.

Silly Monks Entertainment Inventory Turnover Related Terms

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Silly Monks Entertainment (NSE:SILLYMONKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Silly Monks Entertainment Ltd (NSE:SILLYMONKS) » Definitions » Inventory Turnover

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Address

Survey No. 91, 3rd Floor, Technical Block, Sundarayya Vignana Kendram (SVK), Gachibowli, Rangareddi, Hyderabad, TG, IND, 500032

Website

https://www.sillymonks.com

Silly Monks Entertainment Ltd is engaged in the business of motion picture, radio, television, and other entertainment activities. The products and services of the firm are Digital Media Publishing, Movie/Series/Content Production, Audio-Video Content Syndication and Distribution, Celebrity Management, and Marketing and Promotion. The operating segment of the group is identified to be Movie production.

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