GCM Commodity & Derivatives (BOM:535917) Inventory Turnover : 1.27 (As of Mar. 2024)

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What is GCM Commodity & Derivatives 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. GCM Commodity & Derivatives's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹18.86 Mil. GCM Commodity & Derivatives's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹14.85 Mil. GCM Commodity & Derivatives's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GCM Commodity & Derivatives's Days Inventory for the six months ended in Mar. 2024 was 143.71.

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. GCM Commodity & Derivatives's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.69.

GCM Commodity & Derivatives Inventory Turnover Historical Data

The historical data trend for GCM Commodity & Derivatives'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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GCM Commodity & Derivatives Inventory Turnover Chart

GCM Commodity & Derivatives Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.54

-0.53

0.08

-0.16

1.63

GCM Commodity & Derivatives Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															-0.04	-0.15	-0.01	0.74	1.27

GCM Commodity & Derivatives Inventory Turnover Calculation

GCM Commodity & Derivatives'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 )
=	43.559	/ (	(45.129	+	8.304)	/	2 )
=	43.559	/	26.7165
=	1.63

GCM Commodity & Derivatives'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	18.855	/ (	(21.39	+	8.304)	/	2 )
=	18.855	/	14.847
=	1.27

GCM Commodity & Derivatives (BOM:535917) 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.

GCM Commodity & Derivatives's Days Inventory for the six 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
	=	14.847	/	18.855	*	365 / 2
	=	143.71

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.

GCM Commodity & Derivatives'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 )
	=	14.847	/	21.405
	=	0.69

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.

GCM Commodity & Derivatives Inventory Turnover Related Terms

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GCM Commodity & Derivatives (BOM:535917) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » GCM Commodity & Derivatives Ltd (BOM:535917) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

214 Free Press Journal Marg, 805, Raheja Centre, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.gcmcommo.co.in

GCM Commodity & Derivatives Ltd is an Indian company engaged in the business of trading and investments in equity shares and securities. The company carries out its trading and investment activities in both the FNO and Equity segments of the National Stock Exchange and Bombay Stock Exchange. It is engaged in the business of investing in National spot exchange limited (NSEL) investment products for arbitrage opportunities and commodity broking. The company also provides commodity broking facilities through its membership in NSEL. The Company is also in the money lending business.

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