Aananda Lakshmi Spinning Mills (BOM:539096) Inventory Turnover : 0.38 (As of Dec. 2023)

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What is Aananda Lakshmi Spinning Mills 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. Aananda Lakshmi Spinning Mills's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹0.38 Mil. Aananda Lakshmi Spinning Mills's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹1.01 Mil. Aananda Lakshmi Spinning Mills's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aananda Lakshmi Spinning Mills's Days Inventory for the three months ended in Dec. 2023 was 240.55.

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. Aananda Lakshmi Spinning Mills's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.14.

Aananda Lakshmi Spinning Mills Inventory Turnover Historical Data

The historical data trend for Aananda Lakshmi Spinning Mills'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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Aananda Lakshmi Spinning Mills Inventory Turnover Chart

Aananda Lakshmi Spinning Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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0.94

6.45

16.81

15.38

0.09

Aananda Lakshmi Spinning Mills Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-	-	1.71	-	0.38

Aananda Lakshmi Spinning Mills Inventory Turnover Calculation

Aananda Lakshmi Spinning Mills's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	0.136	/ (	(2.684	+	0.296)	/	2 )
=	0.136	/	1.49
=	0.09

Aananda Lakshmi Spinning Mills's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.382	/ (	(1.007	+	0)	/	1 )
=	0.382	/	1.007
=	0.38

Aananda Lakshmi Spinning Mills (BOM:539096) 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.

Aananda Lakshmi Spinning Mills's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1.007	/	0.382	*	365 / 4
	=	240.55

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.

Aananda Lakshmi Spinning Mills's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1.007	/	7.147
	=	0.14

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.

Aananda Lakshmi Spinning Mills Inventory Turnover Related Terms

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Aananda Lakshmi Spinning Mills (BOM:539096) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Aananda Lakshmi Spinning Mills Ltd (BOM:539096) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

105, Sardar Patel Road, Surya Towers, 6th Floor, Secunderabad, TG, IND, 500003

Website

http://www.aanandalakshmi.com

Aananda Lakshmi Spinning Mills Ltd manufactures and sells textile products in India. The company offers grey yarns, including Combed, Semi-Combed, and Carded for use in sportswear, innerwear, sweaters, socks, and casual wear. It also offers Speciality yarn which includes Melange Yarn, Grindle Yarn, Doubled Yarn, and Slub / Fancy Yarn. The company is also engaged in real estate activities.

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