Vani Commercials (BOM:538918) Inventory Turnover : 2.05 (As of Sep. 2024)

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What is Vani Commercials 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. Vani Commercials's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹4.30 Mil. Vani Commercials's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹2.10 Mil. Vani Commercials's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vani Commercials's Days Inventory for the three months ended in Sep. 2024 was 44.56.

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. Vani Commercials's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.16.

Vani Commercials Inventory Turnover Historical Data

The historical data trend for Vani Commercials'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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Vani Commercials Inventory Turnover Chart

Vani Commercials Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.03

1.96

3.10

8.05

Vani Commercials Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-5.00	4.43	2.05

Vani Commercials Inventory Turnover Calculation

Vani Commercials'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 )
=	16.9	/ (	(2.1	+	2.1)	/	2 )
=	16.9	/	2.1
=	8.05

Vani Commercials's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	4.3	/ (	(0	+	2.1)	/	1 )
=	4.3	/	2.1
=	2.05

Vani Commercials (BOM:538918) 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.

Vani Commercials's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	2.1	/	4.3	*	365 / 4
	=	44.56

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.

Vani Commercials's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	2.1	/	12.9
	=	0.16

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.

Vani Commercials Inventory Turnover Related Terms

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Vani Commercials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Vani Commercials Ltd (BOM:538918) » Definitions » Inventory Turnover

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Address

Najafgarh Road, Khasra No. 19/4, Kamruddin Nagar, Near Butterfly Senior Secondary School, Nangloi, New Delhi, IND, 110041

Website

https://www.vanicommercials.com

Vani Commercials Ltd is an India-based non-banking finance company. Its product includes loans for the purchase of equipment and machinery, working capital loans, loans for business or capacity expansion, term loans against property, loans for the purchase of commercial property, and lease rental discounting. The company offers its lending services to Micro, Small, and Medium Enterprises. It derives key revenue from the Interest income.

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