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Goodricke Group (BOM:500166) Inventory-to-Revenue : 1.11 (As of Mar. 2024)


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What is Goodricke Group Inventory-to-Revenue?

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. Goodricke Group's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹1,441 Mil. Goodricke Group's Revenue for the three months ended in Mar. 2024 was ₹1,303 Mil. Goodricke Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.11.

Goodricke Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 increased from Dec. 2023 (0.82) to Dec. 2023 (1.11)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Goodricke Group's Days Inventory for the three months ended in Mar. 2024 was 159.91.

Inventory Turnover measures how fast the company turns over its inventory within a year. Goodricke Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.57.


Goodricke Group Inventory-to-Revenue Historical Data

The historical data trend for Goodricke Group's Inventory-to-Revenue 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.

* Premium members only.

Goodricke Group Inventory-to-Revenue Chart

Goodricke Group Annual Data
Trend Dec14 Dec15 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.19 0.18 0.21 0.18 0.18

Goodricke Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.49 0.90 0.97 0.82 1.11

Competitive Comparison of Goodricke Group's Inventory-to-Revenue

For the Farm Products subindustry, Goodricke Group's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Goodricke Group's Inventory-to-Revenue Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Goodricke Group's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Goodricke Group's Inventory-to-Revenue falls into.



Goodricke Group Inventory-to-Revenue Calculation

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.

Goodricke Group's Inventory-to-Revenue for the fiscal year that ended in Mar. 2024 is calculated as

Inventory-to-Revenue (A: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Mar. 2023 ) + Total Inventories (A: Mar. 2024 )) / count ) / Revenue (A: Mar. 2024 )
=( (1494.59 + 1441) / 2 ) / 8239.8
=1467.795 / 8239.8
=0.18

Goodricke Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue (Q: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Revenue (Q: Mar. 2024 )
=( (0 + 1441) / 1 ) / 1302.5
=1441 / 1302.5
=1.11

* 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.


Goodricke Group  (BOM:500166) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Goodricke Group'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
=1441/822.3*365 / 4
=159.91

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Goodricke Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=822.3 / 1441
=0.57

* 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.


Goodricke Group Inventory-to-Revenue Related Terms

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Goodricke Group (BOM:500166) Business Description

Traded in Other Exchanges
N/A
Address
14 Gurusaday Road, Camellia House, Kolkata, WB, IND, 700 019
Goodricke Group Ltd is an Indian company engaged in the cultivating, manufacturing, and sale of tea in various forms. It operates in two segments: Export and Domestic. Its products include bulk teas and instant teas. It also owns tea gardens, which are located in Darjeeling, Assam, and Dooars. The firm generates majority revenue within India.

Goodricke Group (BOM:500166) Headlines

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