Landmark Cars (NSE:LANDMARK) Inventory Turnover : 1.23 (As of Mar. 2024)

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What is Landmark Cars 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. Landmark Cars's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹6,960 Mil. Landmark Cars's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹5,681 Mil. Landmark Cars's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Landmark Cars's Days Inventory for the three months ended in Mar. 2024 was 74.48.

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. Landmark Cars's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.66.

Landmark Cars Inventory Turnover Historical Data

The historical data trend for Landmark Cars'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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Landmark Cars Inventory Turnover Chart

Landmark Cars Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

8.39

6.40

8.12

8.43

4.66

Landmark Cars Quarterly Data
	Mar20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial							-	-	1.06	1.36	1.23

Landmark Cars Inventory Turnover Calculation

Landmark Cars'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 )
=	26462.88	/ (	(0	+	5680.8)	/	1 )
=	26462.88	/	5680.8
=	4.66

Landmark Cars'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 )
=	6959.6	/ (	(0	+	5680.8)	/	1 )
=	6959.6	/	5680.8
=	1.23

Landmark Cars (NSE:LANDMARK) 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.

Landmark Cars'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
	=	5680.8	/	6959.6	*	365 / 4
	=	74.48

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.

Landmark Cars'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 )
	=	5680.8	/	8639.73
	=	0.66

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.

Landmark Cars Inventory Turnover Related Terms

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Landmark Cars (NSE:LANDMARK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Landmark Cars Ltd (NSE:LANDMARK) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

543714:India

Address

G. M. Bhosale Marg, Unit No. 201 to 203, Landmark, 2nd Floor, Worli, Mumbai, MH, IND, 400018

Website

https://www.grouplandmark.in

Landmark Cars Ltd has a presence across the automotive retail value chain, including sales of new vehicles, after-sales service, and repairs, sales of pre-owned passenger vehicles, and facilitation of the sales of third-party financial and insurance products. The company is operating in a single segment namely the dealership of cars in India. The company's revenue is generated entirely within India.

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