Goodricke Group (BOM:500166) Inventory Turnover : 0.57 (As of Mar. 2024)

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What is Goodricke Group 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. Goodricke Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹822 Mil. Goodricke Group's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹1,441 Mil. Goodricke Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Goodricke Group's Days Inventory for the three months ended in Mar. 2024 was 159.91.

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. Goodricke Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.11.

Goodricke Group Inventory Turnover Historical Data

The historical data trend for Goodricke Group'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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Goodricke Group Inventory Turnover Chart

Goodricke Group Annual Data

Trend

Dec14

Dec15

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.13

2.45

1.79

2.17

2.21

Goodricke Group 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															0.36	0.21	0.22	0.68	0.57

Goodricke Group Inventory Turnover Calculation

Goodricke Group'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 )
=	3250	/ (	(1494.59	+	1441)	/	2 )
=	3250	/	1467.795
=	2.21

Goodricke Group'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 )
=	822.3	/ (	(0	+	1441)	/	1 )
=	822.3	/	1441
=	0.57

Goodricke Group (BOM:500166) 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.

Goodricke Group'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
	=	1441	/	822.3	*	365 / 4
	=	159.91

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.

Goodricke Group'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 )
	=	1441	/	1302.5
	=	1.11

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.

Goodricke Group Inventory Turnover Related Terms

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Goodricke Group (BOM:500166) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Goodricke Group Ltd (BOM:500166) » Definitions » Inventory Turnover

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Address

14 Gurusaday Road, Camellia House, Kolkata, WB, IND, 700 019

Website

http://www.goodricke.com

Goodricke Group Ltd is an Indian company engaged in the cultivating, manufacturing, and sale of tea in various forms. It operates in two segments: Export and Domestic. Its products include bulk teas and instant teas. It also owns tea gardens, which are located in Darjeeling, Assam, and Dooars. The firm generates majority revenue within India.

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