Avonmore Capital & Management Services (BOM:511589) Inventory Turnover : 2.94 (As of Mar. 2024)

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What is Avonmore Capital & Management Services 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. Avonmore Capital & Management Services's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹347 Mil. Avonmore Capital & Management Services's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹118 Mil. Avonmore Capital & Management Services's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Avonmore Capital & Management Services's Days Inventory for the three months ended in Mar. 2024 was 30.99.

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. Avonmore Capital & Management Services's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.23.

Avonmore Capital & Management Services Inventory Turnover Historical Data

The historical data trend for Avonmore Capital & Management Services'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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Avonmore Capital & Management Services Inventory Turnover Chart

Avonmore Capital & Management Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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22.38

10.11

7.02

1.88

2.63

Avonmore Capital & Management Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.39	0.24	0.37	0.54	2.94

Avonmore Capital & Management Services Inventory Turnover Calculation

Avonmore Capital & Management Services'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 )
=	821.8	/ (	(506.06	+	118)	/	2 )
=	821.8	/	312.03
=	2.63

Avonmore Capital & Management Services'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 )
=	347.4	/ (	(0	+	118)	/	1 )
=	347.4	/	118
=	2.94

Avonmore Capital & Management Services (BOM:511589) 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.

Avonmore Capital & Management Services'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
	=	118	/	347.4	*	365 / 4
	=	30.99

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.

Avonmore Capital & Management Services'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 )
	=	118	/	515.9
	=	0.23

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.

Avonmore Capital & Management Services Inventory Turnover Related Terms

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Avonmore Capital & Management Services (BOM:511589) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Avonmore Capital & Management Services Ltd (BOM:511589) » Definitions » Inventory Turnover

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AVONMORE:India

Address

F-33/3, Okhla Industrial Area, Phase-II, New Delhi, IND, 110 020

Website

https://www.avonmorecapital.in/

Avonmore Capital & Management Services Ltd is a non-banking financial institution. The company's business segments are debt and equity market operations which comprise trading in securities and bonds; consultancy and advisory fees comprise merchant banking, underwriting commission, corporate and infrastructure advisory, and loan syndication fees and arranger of debts; investment activities comprise profit on the sale of an investment; finance activities comprise granting of loans; wealth advisory/broking activities; healthcare activities comprises to establish, administer, own and run the eye care hospitals. Wealth / Broking activities comprises commodity broking on various commodity exchanges in the country, stock and share broking on National Stock Exchange of India Limited.

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