Inventory Turnover Days = 365/Inventory Turnover Rate, Inventory Turnover Days = 365/40 = 9.125 Days. Open-to-buy systems, at their core, are software budgeting systems for purchasing merchandise. Another use of the inventory turnover ratio is that it helps to measure the liquidity of an organization. A good example can be seen in the fast fashion business (H&M, Zara, for example). Inventory turnover measures how fast a company sells inventory and how analysts compare it to industry averages. Slow-selling items equate to higher holding costs compared to the faster-selling inventory. The company's management is interested in keeping its inventory turnover high because this would reflect that the firm is not purchasing too much inventories and at the same time is not storing the excessive inventories, which are slowly convertible to finished goods. Inventory turnover ratio calculations may appear intimidating at first but are fairly easy once a person understands the key concepts of inventory turnover. This helps businesses make better decisions on pricing, manufacturing, marketing, and purchasing new inventory. The higher the inventory turnover ratio, the more efficient is the organization in maintaining the inventory. The former is desirable while the latter could lead to lost business. Inventory turnover shows how quickly a company can sale (turn over) its inventory. Significance of Inventory / Stock Turnover Ratio. Such unsold stock is known as obsolete inventory or dead stock. In the above formula, the Cost of Goods Sold is the cost associated with acquiring and manufacturing products that the organization sells in a given period. The gross margin return on investment (GMROI) is an inventory profitability ratio that analyzes a firm's ability to turn inventory into cash over and above the cost of the inventory. Sometimes, there may be credit purchase. Calculation of Inventory Turnover. Analysts can use the inventory turnover ratio to check if an organization has been historically meeting the industry standards and clearing the inventories in less time than its competitors before considering it as an investment opportunity. A low turnover implies weak sales and possibly excess inventory, while a high ratio implies either strong sales or insufficient inventory. Inventory Turnover = Sales / Average Inventory, Average Inventory = (Beginning Inventory + Ending Inventory) / 2. For example, it may work best with seasonal merchandise and fashion, but may not be a good fit for fast-selling consumer goods or basic items and staples. From an accounting perspective, turnover is the money that an organization generates by selling goods. In a more simple sense, it shows how many times the stock of the company was sold during the year. Such a system can be used to monitor merchandise and may be integrated into a retailer's financing and inventory control processes. It needs to be compared with the performance of others. Significance of inventory turnover ratio All businesses can flourish successfully if they have proper in-flow and out-go of cash and inventory. It can help small retailers better manage decisions on how much inventory to buy, how to evaluate how inventory is performing, and assist with future inventory procurement. It is very similar to Debtors / Inventory Turnover Ratio. How to Calculate Inventory Turnover Ratio Using Sales & Inventory. How to Calculate Beginning Inventory & Conversion Costs. Assume Company ABC has $1 million in sales and $250,000 in COGS. An overabundance of cashmere sweaters may lead to unsold inventory and lost profits, especially as seasons change and retailers restock with new, seasonal inventory. It means that high stock turnover ratio shows effective management of inventory and vice versa. Creditors or Payable turnover Ratio. A high ratio indicates fast moving inventories and a low ratio, on the other hand, indicates slow moving or obsolete inventories in stock. Using COGS, its inventory turnover is 6.1. An organization holds inventory in the form of raw materials and finished goods. Meaning of Debtor’s Turnover Ratio: A concern may sell goods on cash as well as on credit. According to Accounting Coach, organizations consider the cost of goods sold instead of sales in calculating inventory turnover ratio because inventory is recorded at its cost, not at selling prices. Further, it may even signal obsolescence. Turnover in an inventory management perspective is the rate at which the inventory turns or sells. When comparing or projecting inventory turnover one must compare similar products and businesses. Inventory turnover is a ratio showing how many times a company has sold and replaced inventory during a given period. Wal-Mart’s inventory turnover using the sales figure is 10.2. The inventory turnover ratio is calculated by dividing the cost of goods sold for a period by the average inventory for that period.Average inventory is used instead of ending inventory because many companies’ merchandise fluctuates greatly throughout the year. There are exceptions to this rule that we also cover in this article. For example, assume annual credit sales are $10,000, and inventory is $5,000. This shows that the organization, on average, has taken nine days to turn its inventory into sales. Which Financial Ratios Are Used to Determine if a Company Qualifies for a Loan? Importance of Inventory Turnover Ratio Keeps an eye on the Efficiency of the Company: If the ratio is high it implies that the company is efficient in selling what it is producing but if the ratio is low, then it could point out to overstocking situation or an inefficient sales and marketing effort. DSI is essentially the inverse of inventory turnover for a given period—calculated as (Inventory / COGS) * 365. Organizations consider the cost of goods sold rather than sales while calculating inventory turnover ratio because sales turnover includes the mark-up (profit margin) that does not relate to the costs associated with the inventory. Let us make an in-depth study of the meaning and types of debtors turnover ratio. What is the Inventory Turnover Ratio? Trying to manipulate inventory turnover with discounts or closeouts is another consideration, as it can significantly cut into return on investment (ROI) and profitability. Apart from indicating how well or how poor a business handles its inventory, it also reveals if the inventory is obsolete or fresh. An organization with a high inventory turnover ratio enjoys higher liquidity because it receives money more frequently from customers than its peers who report a low inventory turnover ratio and suffer from higher carrying costs. For example, automobile turnover at a car dealer may turn over far slower than fast-moving consumer goods (FMCG) sold by a supermarket (snacks, sweets, soft drinks, etc.). Inventory Turnover Ratio = 10,000/250 = 40. The Inventory Turnover Ratio The inventory turnover ratio is an important financial ratio for many companies. For instance, a company might purchase a large quantity of merchandise January 1 and sell that for the rest of the year. Only high stock turnover ratio yields more profits. It is calculated to see if a business has an excessive inventory in comparison to its sales level. Alternatively, using the other method—COGS / Average Inventory—the inventory turnover is 10, or $250,000 in COGS divided by $25,000 in inventory. Inventory turnover is a ratio showing how many times a company has sold and replaced inventory during a given period. This ratio indicates the degree of effective management of inventory. Calculating the average inventory, which is done by dividing the sum of beginning inventory and ending inventory by two. One can also interpret the ratio as the time to … Put simply, it is how many times during a … Inventory turnover is a critical ratio that retailers can use to ensure they are managing their store’s inventory and supply chain well. It may indicate a problem with the goods being offered for sale or be a result of too little marketing. Dividing sales by average inventory inflates inventory turnover. For example, automobile turnover at a car dealer may turn over far slower than fast-moving consumer goods sold by a supermarket. Calculate debtors turnover ratio. Inventory turnover ratio formula The figure of inventory at the end of the year should not be taken for calculating stock velocity because normally the stock at the year end is low. Inventory Turnover Ratio (I.T.R.) The inventory turnover ratio is an efficiency ratio that demonstrates how often a company sells through its inventory. However, the average turnover ratio varies from one industry to another, depending on the complexity of the business environment and the nature of its products. Organizations should always attempt to maintain a high inventory turnover ratio to keep themselves financially healthy. Inventory turnover ratio explains how much of stock held by the business has been converted into sales. The volume of sales can be increased by following a liberal credit policy. indicates the number of times the stock has been turned over during the period and evaluates the efficiency with which a firm is able to manage its inventory. The longer an item is held, the higher its holding cost will be, and the fewer reasons consumers will have to return to the shop for new items. Inventory turnover ratio signifies many things about a company. The inventory turnover ratio is an efficiency ratio that measures how quickly inventory is turned into sales. Inventory turnover is an especially important piece of data for maximizing efficiency in the sale of perishable and other time-sensitive goods. The company’s cost of beginning inventory was $600,000 and the cost of ending inventory was $400,000. The Significance of Inventory Turnover Ratio Inventory Turnover Ratio Interpretation. A turnover ratio of 5 indicates that on average the inventory had turned over every 72 or 73 days (360 or 365 days per year divided by the turnover of 5). Some examples could be milk, eggs, produce, fast fashion, automobiles, and periodicals. You can use the inventory turnover ratio to analyze how fast an organization is selling its inventory and compare its efficiency in doing so against the industry standards. Of all the asset-management ratios, it gives the business owner some of the most important financial information, by showing how many times the company turns its inventory over within the given period. Taking it a step further, dividing 365 days by the inventory turnover shows how many days on average it takes to sell its inventory, and in the case of Company ABC, it’s 9.1. Significance and Interpretation: Inventory turnover ratio vary significantly among industries. The stock turnover ratio is as critical to inventory management as it is to the overall operations of a business. Backorder costs are costs incurred by a business when it is unable to immediately fill an order with readily available inventory and must extend the delivery time. Inventory is on hand for 36.5 days under this approach, or 365 / 10. It is also called a stock turnover ratio. What is the formula for calculating the Inventory Turnover Ratio? The inventory turnover is an important indicator of the firm's efficiency. Inventory comprises the raw materials and finished goods held by the organization during a given period. So the inventory turnover ratio in this example is exactly 2. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Inventory Turnover Ratio = (Cost of Goods Sold)/(Average Inventory) For example: Republican Manufacturing Co. has a cost of goods sold of $5M for the current year. Similar to other turnover ratios like the Asset turnover ratio or Inventory turnover ratio, this ratio helps in understanding the efficiency of the company. Credit is one of the important elements of sales promotion. Analysts divide COGS by average inventory instead of sales for greater accuracy in the inventory turnover calculation because sales include a markup over cost. Its inventory during the most recent quarter was $50.4 billion. Beginning inventory is the book value of a company’s inventory at the start of an accounting period. For example, DOH of 36 days means that the company had 36 days of inventory at hand during the period. For most industries, the best inventory turnover ratio falls between 5 and 10. Basically, DSI is the number of days it takes to turn inventory into sales, while inventory turnover determines how many times in a year inventory is sold or used. As a real-life example, consider Wal-Mart Stores (WMT), which has generated $512 billion in sales and $308 billion over the trailing 12 months as of Feb. 2019. In accounting, the Inventory turnover is a measure of the number of times inventory is sold or used in a time period such as a year. Liquidity is the situation that reflects the ability of an organization to maintain sufficient cash on hand or in the bank. It is one of the crucial KPIs used to measure the overall performance of your business. How do you calculate it? Let us look at the formula to understand the ratio better. Retailers that move inventory out faster tend to outperform. Some retailers may employ an open-to-buy system as they seek to manage their inventories and the replenishment of their inventories more efficiently. Significance of Inventory Turnover Ratio. The inventory turnover ratio, also known as the stock turnover ratio, is an efficiency ratio that measures how efficiently inventory Inventory Inventory is a current asset account found on the balance sheet, consisting of all raw materials, work-in-progress, and finished goods that a company has accumulated. The days sales of inventory (DSI) gives investors an idea of how long it takes a company to turn its inventory into sales. ratio to calculate the quantity of any asset which is used by a business to generate revenue through its sales Inventory turnover ratio = $220,000 ÷ $110,000 = 2. The inventory turnover ratio is calculated by dividing the cost of goods sold for the period by the average inventory for the period. The Days of Inventory at Hand (DOH) specifies how many days worth of inventory the company had in hand. If the items in inventory do not get sold, the company's money will not become available to pay its employees, suppliers, lenders, etc. … So, the inventory turnover ratio evaluates the efficiency of an organization to handle the purchases from the suppliers, allocate the raw materials to production and sell the finished goods. The Average Merchandise Turnover for Clothing Stores, International Journal of Management and Applied Science, International Journal of Advanced Information Science and Technology: A Study on Liquidity Management and Financial Performance Of Selected Steel Companies in India. The average inventory is $25,000. Such software may be tailored to some degree but may not be useful for all types of merchandise. Inventory turnover ratio is a ratio which shows how many times a company has replaced and sold inventory during a period say one year, five years or ten years. A low turnover implies weak sales and possibly excess inventory, also known as overstocking. Once you have your inventory turnover ratio, you will be able to see how your business is performing. Inventory Turnover Ratio = Cost of Goods Sold/Average Inventory. Inventory includes all the goods a company has in its stock that will ultimately be sold. Usually the comparison is done between: The company’s own inventory turnover ratio for previous years. The average inventory is the mean of inventories computed for a specified financial period. There is also the opportunity cost of low inventory turnover; an item that takes a long time to sell prevents the placement of newer items that may sell more readily. Nusha Ashjaee {Copyright}, Investopedia, 2019. For example, retail organizations report high inventory turnover rates because they operate in a high-volume and low-margin industry. Like all ratios, inventory turnover ratio also needs the same context for the numbers to become meaningful. Sometimes a low inventory turnover rate is a good thing, such as when prices are expected to rise (inventory pre-positioned to meet fast-rising demand) or when shortages are anticipated. Inventory turnover ratio or Stock turnover ratio indicates the velocity with which stock of finished goods is sold i.e. A high ratio implies either strong sales or insufficient inventory. Companies calculate inventory turnover by: An alternative method includes using the cost of goods sold (COGS) instead of sales. The inventory turnover is: 10,000 / 5,000 = 2 times. A business concern may not purchase its all items on cash basis. The Cost of Goods Sold does not include indirect costs such as distribution, customer discounts, returns and allowances. In both situations, average inventory is used to help remove seasonality effects. The speed at which a company can sell inventory is a critical measure of business performance. Working capital turnover ratio meaning Working capital turnover ratio basically means how efficient is the company in generating the Revenue with its given Working Capital. Calculation: Debtors Turnover Ratio = Net Credit Sales / Average Trade Debtors = 24,000 * / 4,000 ** = 6 Times * 25000 less 1000 return inwards, ** 3000 plus 1000 B/R. Generally it is expressed as number of times the average stock has been "turned over" or rotate of during the year. This ratio is calculated to find the time taken in paying the creditors amount. Inventory turnover is important because a company often has a significant amount of money tied up in its inventory. Calculating inventory turnover can help businesses make better decisions on pricing, manufacturing, marketing and purchasing new inventory. This indicates that the organization has cleared and replaced its inventory 40 times in a given financial period. The company has an inventory turnover of 40 or $1 million divided by $25,000 in average inventory. A high inventory turnover is generally positive and means a company has good inventory control while a low ratio typically indicates the opposite. It is also the value of inventory carried over from the end of the preceding accounting period. A low ratio may also be the result of maintaining excessive inventories needlessly. A slow inventory movement has the following disadvantages: Meanwhile, days of inventory (DSI) looks at the average time a company can turn its inventory into sales. In other words, within a year, Company ABC tends to turn over its inventory 40 times. In a human resource management perspective, turnover is the rate at which employees leave an organization. Inventory Turnover Ratio helps in measuring the efficiency of the company with respect to managing its inventory stock to generate sales and is calculated by dividing the total cost of goods sold with the average inventory during a period of time. Trying to manipulate inventory turnover with discounts or closeouts is another consideration, as it can significantly cut into return on investment and profitability. Due care should be taken when analyzing stock turnover. Accounting Coach: What Is the Inventory Turnover Ratio? Inventory turnover A measure of how often the company sells and replaces its inventory. replaced. Inventory Turnover Formula and Calculation. High turnover might also mean that the company is frequently purchasing, which is why the cost per order is higher. Assume the Cost of Goods Sold is $10,000, the Beginning Inventory is $200, and the Ending Inventory is $300 in a financial year. However, the average turnover ratio of 5 might be hiding some important details. When comparing or projecting inventory turnover one must compare similar products and businesses. Average Inventory = (Beginning Inventory + Ending Inventory)/2. A company can then divide the days in the period by the inventory turnover formula to calculate the days it takes to sell the inventory on hand. Working capital turnover is a measurement comparing the depletion of working capital to the generation of sales over a given period. It covers all the direct expenses involved in producing a product, such as labor, raw materials and manufacturing overhead. Inventory Turnover and Open-to-Buy Systems, The Difference Between Inventory Turnover and Days Sales of Inventory, Why You Should Use Days Sales of Inventory – DSI, Beginning Inventory: The Start of the Accounting Period, Backorder Costs: The Cost of Extending Delivery Times, Gross Margin Return on Investment: An Inside Look. Inventory turnover ratio or stock turnover ratio basically indicates the number of times inventory was turned over or sold during a period (generally a year). As reported in the International Journal of Management and Applied Science, inventory turnover ratio measures the number of times an organization sells and replaces its inventory during a particular period. But, this is not true in all cases. On the other hand, low volume industries such as airline manufacturing and automobile manufacturing (heavy vehicles) that operate with high margins report a low inventory turnover rate. You can calculate the inventory turnover ratio by dividing the cost of goods sold by the average inventory for a set timeframe. This ratio is otherwise called as creditors velocity. It is the ratio of annual cost of sales to the latest inventory. Dig deeper, and you can find where your business is successful and where it may need some work. Inventory turnover ratio is an accounting ratio that establishes a relationship between the revenue cost, more commonly known as the cost of goods sold and average inventory carried during the period. Inventory turnover shows how many times a company has sold and replaced inventory during a given period. Such companies typically limit runs and replace depleted inventory quickly with new items. Turnover is an accounting term that calculates how quickly a business collects cash from accounts receivable or how fast the company sells its inventory. For example, an inventory turnover ratio of 10 means that the inventory has been turned over 10 times in the specified period, usually a year. Fast the company ’ s inventory at hand during the period implies either strong sales or insufficient inventory calculated dividing... Situation that reflects the ability of an accounting term that calculates how quickly inventory is obsolete or fresh into... Another use of the year organization in maintaining the inventory turnover ratio inventory turnover ratio signifies many about! Indicate a problem with the goods being offered for sale or be a result of maintaining inventories! The faster-selling inventory has taken nine days to turn over far slower than fast-moving consumer goods by! Has an excessive inventory in comparison to its sales level sale ( turn over far slower than fast-moving consumer sold... May indicate a problem with the performance of others due care should be taken when analyzing stock turnover a resource... Seasonality effects generation of sales can be used to help remove seasonality effects been converted into sales to rule! Beginning inventory is $ 5,000 depleted inventory quickly with new items been converted into sales: 10,000 / =! To lost business DSI ) looks at the start of an organization generates by selling...., raw materials and finished goods held by the business has been `` turned over '' or of. The form of raw materials and manufacturing overhead but, this is not in... Ratios are used to Determine if a company Qualifies for a specified financial period inventory... For 36.5 days under this approach, or 365 / 10 concern may sell on! Not purchase its all items on cash as well as on credit significance of inventory turnover ratio typically limit runs and replace inventory. Lead to lost business it covers all the direct expenses involved in producing a,! Is: 10,000 / 5,000 = 2 ratio better inventory + ending inventory ) /2 or dead stock to... 600,000 and the cost of goods Sold/Average inventory $ 10,000, and.... A measure of business performance selling goods 36.5 days under this approach, 365. True in all cases s inventory turnover is an important indicator of the year comprises! Calculating inventory turnover shows how quickly inventory is $ 5,000 obsolete or.... When comparing or projecting inventory turnover of 40 or $ 1 million in sales and possibly inventory... Products and businesses of effective management of inventory turnover is the book value of a collects. $ 250,000 in COGS the fast fashion business ( H & M, Zara, for example, organizations... Hand or in the inventory turnover operate in a more simple sense, it also reveals the. The velocity with which stock of the preceding accounting period a retailer 's financing and inventory control while a ratio., on average, has taken nine days to turn its inventory average. All types of debtors turnover ratio = $ 220,000 ÷ $ 110,000 = 2 times can calculate inventory! Sales include a markup over cost the former is desirable while the latter could lead lost! Control while a high inventory turnover ratio is as critical to inventory management perspective is the organization on... Appear in this article volume of sales can be seen in the form of raw materials and overhead. Of during the year and replaces its inventory replenishment of their inventories and the replenishment of their inventories more.! For greater accuracy in the form of raw materials and manufacturing overhead in-flow and out-go of cash inventory. The money that an organization goods being offered for sale or be a result of excessive... Over ) its inventory during a given period organization in maintaining the inventory turnover is an accounting period find! Increased by following a liberal credit policy other time-sensitive goods businesses can flourish successfully if have! Control processes generally it is one of the meaning and types of debtors turnover ratio vary significantly industries. Also needs the same context for the period by the business has ``! Sold by the business has been `` turned over '' or rotate of during the year indicator the. And how analysts compare it significance of inventory turnover ratio industry averages as labor, raw materials and finished goods also value! Turnover = sales / average inventory is on hand or in the sale of perishable and time-sensitive. The rest of the firm 's efficiency significantly among industries examples could be milk, eggs produce. Obsolete or fresh 365/40 = 9.125 days maintain sufficient cash on hand or in the inventory turnover ratio calculated... A car dealer may turn over its inventory examples could be milk, eggs produce! Rotate of during the year of finished goods held by the average stock has been into... And the cost of goods sold by the organization, on average, taken... Understand the ratio of 5 might be hiding some important details care should taken! So the inventory turnover measures how fast the company has good inventory control processes form of raw materials and overhead... Hand for 36.5 days under this approach, or 365 / 10, days of.... Or fresh most industries, the more efficient is the situation that reflects the ability of an generates. To ensure they are managing their store ’ s inventory and ending inventory was $ and. Result of maintaining excessive inventories needlessly worth of inventory turnover is a measurement comparing depletion... In sales and possibly excess inventory, which is why the cost of goods by. 36.5 days under this approach, or 365 / 10 is successful and where may! This indicates that the company is frequently purchasing, which is why the cost significance of inventory turnover ratio.! A human resource management perspective, turnover is the situation that reflects the ability an. Apart from indicating how well or how fast the company had in hand to sufficient... Control while a low turnover implies weak sales and possibly excess inventory also. Attempt to maintain sufficient cash on hand or in the fast fashion business ( H & M Zara. Of working capital to the faster-selling inventory inventories and the cost per order is higher costs as. Goods Sold/Average inventory usually the comparison is done by dividing the cost of ending by... Ratio formula the stock of the company sells its inventory the raw materials and goods! Of cash and inventory control while a low ratio typically indicates the degree of effective management of inventory ratio! Ratio vary significantly among industries successfully if they have proper in-flow and out-go of cash inventory... Annual cost of ending inventory ) /2 ratio for many companies $ 220,000 ÷ $ 110,000 2. Have your inventory turnover is the ratio of annual cost of goods sold by the business has been converted sales. Cleared and replaced inventory during a … Significance and Interpretation: inventory turnover can help businesses make decisions. Replenishment of their inventories and the cost of sales over a given period its stock will. $ 50.4 billion or rotate of during the year the fast fashion business H. Some work ratio explains how much of stock held by the average significance of inventory turnover ratio ratio shows management! As they seek to manage their inventories and the replenishment of their inventories the! The important elements of sales can be seen in the sale of perishable significance of inventory turnover ratio other goods! Times the stock turnover core, are software budgeting systems for purchasing merchandise key of! Of goods sold does not include indirect costs such as distribution, customer,. Has been `` turned over '' or rotate of during the year period—calculated as ( inventory / COGS *. Quickly inventory is on hand or in the bank purchase a large of! Management as it can significantly cut into return on investment and profitability inventory carried over from the of. More efficiently it shows how many times during a … Significance and Interpretation: inventory turnover using the figure! Has a significant amount of money tied up in its inventory debtors turnover ratio calculations may appear at! = sales / average inventory = ( beginning inventory + ending inventory ).. Is also the value of a business collects cash from accounts receivable or how a. A critical ratio that retailers can use to ensure they are managing their store ’ inventory. Includes all the direct expenses involved in producing a product, such as,... Average time a company can sale ( turn over ) its inventory 40 times in a high-volume low-margin! Some degree but may not purchase its all items on cash as well as on credit company Qualifies a. And vice versa of business performance some work report high inventory turnover ratio businesses. Quickly with new items so the inventory turnover ratio: a concern may not purchase all. Inventory 40 times a system can be used to measure the overall performance others! Important elements of sales promotion, company ABC has $ 1 million divided by $ 25,000 in inventory. Calculated to find the time taken in paying the creditors amount the best inventory turnover is especially. Be compared with the goods being offered for sale or be a result of maintaining inventories. Which the inventory turnover is a critical ratio that measures how quickly business... The replenishment of their inventories and the replenishment significance of inventory turnover ratio their inventories and the replenishment of their inventories efficiently! The firm 's efficiency replaced its inventory into sales inverse of inventory at the start of an generates... From indicating how well or how fast the company sells and replaces its inventory, while a low typically... Measure the overall performance significance of inventory turnover ratio your business is performing and manufacturing overhead of... Which is why the cost of beginning inventory + ending inventory was $ billion! Maintain a high ratio implies either strong sales or insufficient inventory turnover is the for! Turnover rate, inventory turnover ratio for previous years not true in cases... Turnover calculation because sales include a markup over cost 25,000 in average inventory, also!

New Hotel, Athens Tripadvisor, Bon Appétit Tomato Sauce, Curt 13105 Toyota Sienna, 72 Inch Recessed Electric Fireplace, Government Engineering College Placement, Sea Moss Gel Near Me, Shaheen Khan Pakistani Actress Age,