TGB Banquets & Hotels (BOM:532845) Inventory Turnover : 2.41 (As of Mar. 2024)

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What is TGB Banquets & 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. TGB Banquets & Hotels's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹104.1 Mil. TGB Banquets & Hotels's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹43.2 Mil. TGB Banquets & Hotels's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TGB Banquets & Hotels's Days Inventory for the three months ended in Mar. 2024 was 37.83.

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. TGB Banquets & Hotels's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.49.

TGB Banquets & Hotels Inventory Turnover Historical Data

The historical data trend for TGB Banquets & 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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TGB Banquets & Hotels Inventory Turnover Chart

TGB Banquets & Hotels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.01

1.54

2.81

5.11

4.51

TGB Banquets & Hotels 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															2.23	0.97	0.57	0.76	2.41

TGB Banquets & Hotels Inventory Turnover Calculation

TGB Banquets & 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 )
=	186.93	/ (	(39.672	+	43.167)	/	2 )
=	186.93	/	41.4195
=	4.51

TGB Banquets & 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 )
=	104.129	/ (	(0	+	43.167)	/	1 )
=	104.129	/	43.167
=	2.41

TGB Banquets & Hotels (BOM:532845) 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.

TGB Banquets & 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
	=	43.167	/	104.129	*	365 / 4
	=	37.83

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.

TGB Banquets & 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 )
	=	43.167	/	88.767
	=	0.49

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.

TGB Banquets & Hotels Inventory Turnover Related Terms

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TGB Banquets & Hotels (BOM:532845) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » TGB Banquets & Hotels Ltd (BOM:532845) » Definitions » Inventory Turnover

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TGBHOTELS:India

Address

S.G. Road, The Grand Bhagwati, Plot no. 380, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.thegrandbhagwati.com

TGB Banquets & Hotels Ltd is an Indian company engaged in the lodging business sector. The firm operates hotels, restaurants, and banquets. It operates under the brand name The Grand Bhagwati, also known as TGB in India. Other activities of the company include the provision of catering services. It derives revenue from rooms, food and beverages, and allied services relating to hotel operations.

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