Jindal Hotels (BOM:507981) Inventory Turnover : 0.78 (As of Mar. 2024)

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What is Jindal Hotels 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. Jindal Hotels's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹42.0 Mil. Jindal Hotels's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹54.0 Mil. Jindal Hotels's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jindal Hotels's Days Inventory for the three months ended in Mar. 2024 was 117.36.

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. Jindal Hotels's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.42.

Jindal Hotels Inventory Turnover Historical Data

The historical data trend for Jindal Hotels'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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Jindal Hotels Inventory Turnover Chart

Jindal Hotels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.25

1.27

2.34

3.01

3.14

Jindal Hotels 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															0.80	0.75	0.80	0.85	0.78

Jindal Hotels Inventory Turnover Calculation

Jindal Hotels'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 )
=	162.431	/ (	(49.326	+	53.996)	/	2 )
=	162.431	/	51.661
=	3.14

Jindal Hotels'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 )
=	41.982	/ (	(0	+	53.996)	/	1 )
=	41.982	/	53.996
=	0.78

Jindal Hotels (BOM:507981) 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.

Jindal Hotels'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
	=	53.996	/	41.982	*	365 / 4
	=	117.36

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.

Jindal Hotels'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 )
	=	53.996	/	127.766
	=	0.42

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.

Jindal Hotels Inventory Turnover Related Terms

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Jindal Hotels (BOM:507981) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jindal Hotels Ltd (BOM:507981) » Definitions » Inventory Turnover

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Address

GRAND MERCURE Vadodara Surya Palace, Sayajigunj, Vadodara, GJ, IND, 390020

Website

https://www.suryapalace.com

Jindal Hotels Ltd is engaged in providing food and beverage, wine, and accommodation services. The company operates in a single segment namely Hoteliering. It is in the business of operating a three-star category hotel namely Hotel Surya Palace, and Restaurant which includes the Azure restaurant. The company operates a business hotel in Vadodara city with approximately 143 guest rooms, 6 large and medium banquet halls, a boardroom, a restaurant, a swimming pool, a health club, a liquor shop, and various other amenities.

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