VRL Logistics (NSE:VRLLOG) Inventory Turnover : 17.25 (As of Mar. 2024)

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What is VRL Logistics 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. VRL Logistics's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹7,105 Mil. VRL Logistics's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹412 Mil. VRL Logistics's Inventory Turnover for the quarter that ended in Mar. 2024 was 17.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. VRL Logistics's Days Inventory for the three months ended in Mar. 2024 was 5.29.

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. VRL Logistics's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

VRL Logistics Inventory Turnover Historical Data

The historical data trend for VRL Logistics'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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VRL Logistics Inventory Turnover Chart

VRL Logistics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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66.31

48.16

43.80

48.11

56.78

VRL Logistics 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															11.76	11.58	13.98	14.58	17.25

VRL Logistics Inventory Turnover Calculation

VRL Logistics'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 )
=	26680.469	/ (	(527.928	+	411.91)	/	2 )
=	26680.469	/	469.919
=	56.78

VRL Logistics'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 )
=	7105.14	/ (	(0	+	411.91)	/	1 )
=	7105.14	/	411.91
=	17.25

VRL Logistics (NSE:VRLLOG) 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.

VRL Logistics'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
	=	411.91	/	7105.14	*	365 / 4
	=	5.29

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.

VRL Logistics'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 )
	=	411.91	/	7683.974
	=	0.05

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.

VRL Logistics Inventory Turnover Related Terms

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VRL Logistics (NSE:VRLLOG) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » VRL Logistics Ltd (NSE:VRLLOG) » Definitions » Inventory Turnover

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539118:India

Address

Circuit House Road, Giriraj Annexe, Hubballi, KA, IND, 580 029

Website

http://www.vrllogistics.com

VRL Logistics Ltd is engaged in the business of logistics services dealing mainly with goods and passenger transportation. The company operates through four segments namely, Goods transport, Bus operations, Sale of power and Transport of passengers by air. Its Goods transport segment, which generates key revenue for the company, uses a range of road transportation solutions for the customers, including less than full truckload and full truckload. It also does courier business for the transportation of small parcels and documents using a range of multi-model solutions. The Bus operations division offers services of transportation solutions through Buses. Geographically the group derives prime revenue from India.

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