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Teerth Gopicon (NSE:TGL) Inventory Turnover : 0.76 (As of Sep. 2024)


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What is Teerth Gopicon 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. Teerth Gopicon's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹468 Mil. Teerth Gopicon's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹619 Mil. Teerth Gopicon's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Teerth Gopicon's Days Inventory for the six months ended in Sep. 2024 was 241.42.

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. Teerth Gopicon's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.91.


Teerth Gopicon Inventory Turnover Historical Data

The historical data trend for Teerth Gopicon'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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Teerth Gopicon Inventory Turnover Chart

Teerth Gopicon Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Inventory Turnover
5.10 3.37 3.72 2.24

Teerth Gopicon Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24
Inventory Turnover Get a 7-Day Free Trial - - 1.44 1.16 0.76

Teerth Gopicon Inventory Turnover Calculation

Teerth Gopicon'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 )
=762.5 / ((93.4 + 588.5) / 2 )
=762.5 / 340.95
=2.24

Teerth Gopicon'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: Mar. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count )
=468 / ((588.5 + 649.7) / 2 )
=468 / 619.1
=0.76

* 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.


Teerth Gopicon  (NSE:TGL) 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.

Teerth Gopicon's Days Inventory for the six 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
=619.1/468*365 / 2
=241.42

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.

Teerth Gopicon'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 )
=619.1 / 680
=0.91

* 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.


Teerth Gopicon Inventory Turnover Related Terms

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Teerth Gopicon Business Description

Traded in Other Exchanges
N/A
Address
204 Amar Metro, Near BalniketanSangh Pagnis Paga, Pagnispaga, Indore, MP, IND, 452007
Teerth Gopicon Ltd is engaged in engineering construction and development, mainly focusing on roads, sewerage, and water distribution projects in Madhya Pradesh. The company provides civil engineering projects such as building construction work, water supply, pipeline, sewerage network, sewerage treatment plant, nalla tapping work, reuse network, overhead tanks, GSR, Road work, Rejuvenation of Lake, etc. Its projects are MVS Sanaudha Saga, Ladies Hostel Karai, DB Project MP, and others.