Shashwat Furnishing Solutions (BOM:543519) Inventory Turnover : 0.92 (As of Mar. 2024)

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What is Shashwat Furnishing Solutions 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. Shashwat Furnishing Solutions's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹16.80 Mil. Shashwat Furnishing Solutions's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹18.35 Mil. Shashwat Furnishing Solutions's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shashwat Furnishing Solutions's Days Inventory for the six months ended in Mar. 2024 was 199.40.

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. Shashwat Furnishing Solutions's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.90.

Shashwat Furnishing Solutions Inventory Turnover Historical Data

The historical data trend for Shashwat Furnishing Solutions'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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Shashwat Furnishing Solutions Inventory Turnover Chart

Shashwat Furnishing Solutions Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

2.48

3.80

1.42

Shashwat Furnishing Solutions Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial			2.13	2.06	1.91	0.51	0.92

Shashwat Furnishing Solutions Inventory Turnover Calculation

Shashwat Furnishing Solutions'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 )
=	24.384	/ (	(13.777	+	20.548)	/	2 )
=	24.384	/	17.1625
=	1.42

Shashwat Furnishing Solutions'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 )
=	16.796	/ (	(16.155	+	20.548)	/	2 )
=	16.796	/	18.3515
=	0.92

Shashwat Furnishing Solutions (BOM:543519) 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.

Shashwat Furnishing Solutions'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
	=	18.3515	/	16.796	*	365 / 2
	=	199.40

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.

Shashwat Furnishing Solutions'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 )
	=	18.3515	/	20.428
	=	0.90

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.

Shashwat Furnishing Solutions Inventory Turnover Related Terms

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Shashwat Furnishing Solutions (BOM:543519) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Shashwat Furnishing Solutions Ltd (BOM:543519) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

121, Mahaveer Nagar, Guro Ka Talab,, Jain Colony, Jodhpur, RJ, IND, 342001

Website

https://www.handicraftsvillage.com

Shashwat Furnishing Solutions Ltd is an Indian handicrafts manufacturer and supplier. It is engaged in the processing of semi-finished furniture products into finished products and manufacturing through job work of furniture and handicraft items. It specializes in developing a qualitative range of Industrial Furniture and Restaurant and Cafe Furniture, Garden and Outdoor Furniture Vintage Furniture, Mirror Frames, Wall clocks and various other decoration and handicrafts objects.

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