Trident (NSE:TRIDENT) Inventory Turnover : 0.63 (As of Mar. 2024)

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What is Trident 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. Trident's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹8,760 Mil. Trident's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹13,934 Mil. Trident's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Trident's Days Inventory for the three months ended in Mar. 2024 was 145.14.

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. Trident's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.83.

Trident Inventory Turnover Historical Data

The historical data trend for Trident'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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Trident Inventory Turnover Chart

Trident Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.52

2.37

3.16

2.82

2.79

Trident 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															0.72	0.68	0.98	0.98	0.63

Trident Inventory Turnover Calculation

Trident'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 )
=	34559	/ (	(10818	+	13933.6)	/	2 )
=	34559	/	12375.8
=	2.79

Trident'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 )
=	8760.1	/ (	(0	+	13933.6)	/	1 )
=	8760.1	/	13933.6
=	0.63

Trident (NSE:TRIDENT) 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.

Trident'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
	=	13933.6	/	8760.1	*	365 / 4
	=	145.14

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.

Trident'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 )
	=	13933.6	/	16822.6
	=	0.83

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.

Trident Inventory Turnover Related Terms

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Trident (NSE:TRIDENT) Business Description

Industry

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

Traded in Other Exchanges

521064:India

Address

E-212, Kitchlu Nagar, Ludhiana, PB, IND, 141 001

Website

https://www.tridentindia.com

Trident Ltd is a terry towel and wheat straw-based manufacturer in India. The company through its subsidiaries operates through the below segments: Yarn, Towel, Bedsheets and Paper & Chemicals. The firm generates a majority of its revenue from the Towel segment. The group offers a variety of products such as solid bath sets, beach towels, embroidered towels, bath mats, bathrobes, duvet covers, cushion covers, blended yarn, drawing paper under Trident Spectra, Trident My Choice, Trident Digi Print, Trident Royal Touch, Trident Eco Green, and Trident Natural brands. Its geographical segments include India, the USA, and the Rest of the world.

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