Drone Destination (NSE:DRONE) Inventory Turnover : 6.84 (As of Mar. 2023)

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What is Drone Destination 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. Drone Destination's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹20.4 Mil. Drone Destination's Average Total Inventories for the quarter that ended in Mar. 2023 was ₹3.0 Mil. Drone Destination's Inventory Turnover for the quarter that ended in Mar. 2023 was 6.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Drone Destination's Days Inventory for the six months ended in Mar. 2023 was 26.69.

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. Drone Destination's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.02.

Drone Destination Inventory Turnover Historical Data

The historical data trend for Drone Destination'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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Drone Destination Inventory Turnover Chart

Drone Destination Annual Data

Trend

Mar21

Mar22

Mar23

Inventory Turnover

0.37

1.62

6.84

Drone Destination Semi-Annual Data
	Mar21	Mar22	Mar23
Inventory Turnover	0.37	1.62	6.84

Drone Destination Inventory Turnover Calculation

Drone Destination'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 )
=	20.443	/ (	(3.085	+	2.894)	/	2 )
=	20.443	/	2.9895
=	6.84

Drone Destination's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	20.443	/ (	(3.085	+	2.894)	/	2 )
=	20.443	/	2.9895
=	6.84

Drone Destination (NSE:DRONE) 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.

Drone Destination's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	2.9895	/	20.443	*	365 / 2
	=	26.69

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.

Drone Destination's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	2.9895	/	120.722
	=	0.02

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.

Drone Destination Inventory Turnover Related Terms

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Drone Destination (NSE:DRONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Drone Destination Ltd (NSE:DRONE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

C-13, Ground Floor, Panchsheel Enclave, Delhi, IND, 110017

Website

https://www.thedronedestination.com

Drone Destination Ltd is a DGCA-authorized Remote Pilot Training Organization that has developed an integrated drone eco-system built around drone manufacturing, certified training, services, and renting a drone. The company operates the largest network of DGCA-certified Drone Pilot Training Programs. Drone Destination currently operates nine Drone Hubs at Gurugram, Dharamshala, Chandigarh, Gwalior, Ahmedabad, Bangalore, Coimbatore, Madurai and IFFCO Phulpur.

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