Golden Tobacco (BOM:500151) Inventory Turnover : 0.09 (As of Dec. 2021)

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What is Golden Tobacco 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. Golden Tobacco's Cost of Goods Sold for the three months ended in Dec. 2021 was ₹8.8 Mil. Golden Tobacco's Average Total Inventories for the quarter that ended in Dec. 2021 was ₹102.9 Mil. Golden Tobacco's Inventory Turnover for the quarter that ended in Dec. 2021 was 0.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Golden Tobacco's Days Inventory for the three months ended in Dec. 2021 was 1,072.80.

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. Golden Tobacco's Inventory-to-Revenue for the quarter that ended in Dec. 2021 was 2.71.

Golden Tobacco Inventory Turnover Historical Data

The historical data trend for Golden Tobacco'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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Golden Tobacco Inventory Turnover Chart

Golden Tobacco Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Inventory Turnover

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0.41

0.96

0.57

0.71

1.00

Golden Tobacco Quarterly Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Inventory Turnover	Get a 7-Day Free Trial															0.07	0.73	0.10	0.06	0.09

Golden Tobacco Inventory Turnover Calculation

Golden Tobacco's Inventory Turnover for the fiscal year that ended in Mar. 2021 is calculated as

	Inventory Turnover (A: Mar. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2021 )	/ (	(Total Inventories (A: Mar. 2020 )	+	Total Inventories (A: Mar. 2021 ))	/	count )
=	173.308	/ (	(239.812	+	107.494)	/	2 )
=	173.308	/	173.653
=	1.00

Golden Tobacco's Inventory Turnover for the quarter that ended in Dec. 2021 is calculated as

	Inventory Turnover (Q: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2021 )	/ (	(Total Inventories (Q: Sep. 2021 )	+	Total Inventories (Q: Dec. 2021 ))	/	count )
=	8.755	/ (	(102.93	+	0)	/	1 )
=	8.755	/	102.93
=	0.09

Golden Tobacco (BOM:500151) 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.

Golden Tobacco's Days Inventory for the three months ended in Dec. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2021 )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
	=	102.93	/	8.755	*	365 / 4
	=	1,072.80

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.

Golden Tobacco's Inventory to Revenue for the quarter that ended in Dec. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2021 )	/	Revenue (Q: Dec. 2021 )
	=	102.93	/	37.974
	=	2.71

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.

Golden Tobacco Inventory Turnover Related Terms

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Golden Tobacco (BOM:500151) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Golden Tobacco Ltd (BOM:500151) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

At Darjipura, Post Amaliyara, Vadodara, GJ, IND, 390 022

Website

http://www.goldentobacco.in

Golden Tobacco Ltd is an Indian based firm engaged in the business of Tobacco. The company is primarily involved in the manufacturing of cigarettes and cigars. Its operating segment includes Tobacco Products and Realty. The company generates maximum revenue from Realty segment. It sells cigarettes and cigars under various brands such as Panama, Chancellor, Golden's, and Steel.

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