Chandni Machines (BOM:542627) Inventory Turnover : 13.48 (As of Mar. 2024)

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What is Chandni Machines 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. Chandni Machines's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹398 Mil. Chandni Machines's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹30 Mil. Chandni Machines's Inventory Turnover for the quarter that ended in Mar. 2024 was 13.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chandni Machines's Days Inventory for the three months ended in Mar. 2024 was 6.77.

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. Chandni Machines's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.

Chandni Machines Inventory Turnover Historical Data

The historical data trend for Chandni Machines'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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Chandni Machines Inventory Turnover Chart

Chandni Machines Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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8.30

8.98

42.86

12.09

39.41

Chandni Machines 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															0.01	6.08	17.19	12.99	13.48

Chandni Machines Inventory Turnover Calculation

Chandni Machines'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 )
=	1604.275	/ (	(51.899	+	29.51)	/	2 )
=	1604.275	/	40.7045
=	39.41

Chandni Machines'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 )
=	397.773	/ (	(0	+	29.51)	/	1 )
=	397.773	/	29.51
=	13.48

Chandni Machines (BOM:542627) 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.

Chandni Machines'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
	=	29.51	/	397.773	*	365 / 4
	=	6.77

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.

Chandni Machines'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 )
	=	29.51	/	410.07
	=	0.07

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.

Chandni Machines Inventory Turnover Related Terms

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Chandni Machines (BOM:542627) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Chandni Machines Ltd (BOM:542627) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

52 S.K. Ahire Marg, 108/109, T.V. Industrial Estate, Worli, Mumbai, MH, IND, 400 030

Website

https://www.cml.net.in

Chandni Machines Ltd is primarily engaged in the trading of engineering goods and related items. It is engaged in the business of manufacturing, buying, selling, reselling, importing, exporting all kinds of injection moulding machines. It offers Plastic and rubber machinery, Metal working, Machinery handling and Testing equipment. In addition, it also provides after-sales service through qualified professional technical persons. The group primarily operates in India.

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