Upsurge Investment & Finance (BOM:531390) Inventory Turnover : 1.30 (As of Mar. 2024)

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What is Upsurge Investment & Finance 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. Upsurge Investment & Finance's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹170.0 Mil. Upsurge Investment & Finance's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹131.2 Mil. Upsurge Investment & Finance's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Upsurge Investment & Finance's Days Inventory for the three months ended in Mar. 2024 was 70.41.

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. Upsurge Investment & Finance's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.71.

Upsurge Investment & Finance Inventory Turnover Historical Data

The historical data trend for Upsurge Investment & Finance'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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Upsurge Investment & Finance Inventory Turnover Chart

Upsurge Investment & Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.13

3.25

3.58

2.68

3.32

Upsurge Investment & Finance 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															0.47	0.54	0.48	1.00	1.30

Upsurge Investment & Finance Inventory Turnover Calculation

Upsurge Investment & Finance'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 )
=	435.222	/ (	(130.989	+	131.196)	/	2 )
=	435.222	/	131.0925
=	3.32

Upsurge Investment & Finance'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 )
=	170.027	/ (	(0	+	131.196)	/	1 )
=	170.027	/	131.196
=	1.30

Upsurge Investment & Finance (BOM:531390) 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.

Upsurge Investment & Finance'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
	=	131.196	/	170.027	*	365 / 4
	=	70.41

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.

Upsurge Investment & Finance'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 )
	=	131.196	/	185.086
	=	0.71

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.

Upsurge Investment & Finance Inventory Turnover Related Terms

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Upsurge Investment & Finance (BOM:531390) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Upsurge Investment & Finance Ltd (BOM:531390) » Definitions » Inventory Turnover

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Address

Off New Link Road, Behind Crystal Plaza, Office No. 303, Morya Landmark-I, Andheri (West), Mumbai, MH, IND, 400053

Website

https://www.upsurgeinvestment.com

Upsurge Investment & Finance Ltd is a non-banking finance company. It is mainly engaged in the business of investment and finance. In addition, the company is actively investing in primary and secondary markets. The company operates mainly in the business segment of fund based financing activity. It provides a wide range of services including corporate finance, gold loans, real estate mortgage finance, and loans against shares and securities.

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