Gretex Industries (NSE:GRETEX) Total Inventories : ₹35.1 Mil (As of Mar. 2022)

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What is Gretex Industries Total Inventories?

Gretex Industries's total inventories for the quarter that ended in Mar. 2022 was ₹35.1 Mil. Gretex Industries's average total inventories from the quarter that ended in Sep. 2021 to the quarter that ended in Mar. 2022 was ₹23.8 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Gretex Industries's Net-Net Working Capital per share for the quarter that ended in Mar. 2022 was ₹2.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gretex Industries's Days Inventory for the six months ended in Mar. 2022 was 61.99.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gretex Industries's Inventory Turnover for the quarter that ended in Mar. 2022 was 2.94.

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. Gretex Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2022 was 0.31.

Gretex Industries Total Inventories Historical Data

The historical data trend for Gretex Industries's Total Inventories 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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Gretex Industries Total Inventories Chart

Gretex Industries Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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13.08

16.81

20.26

35.10

36.88

Gretex Industries Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23
Total Inventories	Get a 7-Day Free Trial								12.99	20.26	12.47	35.10	36.88

Gretex Industries Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Gretex Industries (NSE:GRETEX) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Gretex Industries's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2022 is

	Net-Net Working Capital Per Share (Q: Mar. 2022 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(6.342	+	0.75 * 10.089	+	0.5 * 35.098	-	16.238
-	0	-	3.432)	/	4.2116
=	2.80

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Gretex Industries's Days Inventory for the six months ended in Mar. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2022 )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
	=	23.783	/	70.019	*	365 / 2
	=	61.99

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Gretex Industries's Inventory Turnover for the quarter that ended in Mar. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2022 )	/	Average Total Inventories (Q: Mar. 2022 )
	=	70.019	/	23.783
	=	2.94

4. 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.

Gretex Industries's Inventory to Revenue for the quarter that ended in Mar. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2022 )	/	Revenue (Q: Mar. 2022 )
	=	23.783	/	77.388
	=	0.31

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Gretex Industries Total Inventories Related Terms

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Gretex Industries (NSE:GRETEX) Business Description

Industry

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Address

90, Phears Lane, 5th Floor, Kolkata, WB, IND, 700 012

Website

https://www.gretexindustries.com

Gretex Industries Ltd is engaged in the trading of musical instruments. The company's range of musical instruments includes; guitars, keyboards, piano, flute, violins, drums, and other percussion instruments. It also deals in equipment like microphones, headphones, amplifiers, studio monitor speakers, loudspeakers, mixers, and all types of accessories for pro audio and recording. The company is a distributor of brands like Yamaha, Daddario, Harman and Sennheiser, Alphatech, and amongst others.

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