Nahar Poly Films (BOM:523391) Inventory Turnover : 2.69 (As of Mar. 2024)

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What is Nahar Poly Films 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. Nahar Poly Films's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,192 Mil. Nahar Poly Films's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹443 Mil. Nahar Poly Films's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nahar Poly Films's Days Inventory for the three months ended in Mar. 2024 was 33.93.

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. Nahar Poly Films's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.29.

Nahar Poly Films Inventory Turnover Historical Data

The historical data trend for Nahar Poly Films'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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Nahar Poly Films Inventory Turnover Chart

Nahar Poly Films Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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11.39

10.36

7.81

9.46

9.75

Nahar Poly Films Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.21	2.46	1.86	2.45	2.69

Nahar Poly Films Inventory Turnover Calculation

Nahar Poly Films'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 )
=	4584.606	/ (	(497.517	+	443.183)	/	2 )
=	4584.606	/	470.35
=	9.75

Nahar Poly Films'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 )
=	1191.982	/ (	(0	+	443.183)	/	1 )
=	1191.982	/	443.183
=	2.69

Nahar Poly Films (BOM:523391) 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.

Nahar Poly Films'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
	=	443.183	/	1191.982	*	365 / 4
	=	33.93

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.

Nahar Poly Films'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 )
	=	443.183	/	1531.017
	=	0.29

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.

Nahar Poly Films Inventory Turnover Related Terms

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Nahar Poly Films (BOM:523391) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Nahar Poly Films Ltd (BOM:523391) » Definitions » Inventory Turnover

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NAHARPOLY:India

Address

376, Industrial Area - A, Nahar Tower, Ludhiana, PB, IND, 141003

Website

http://www.owmnahar.com

Nahar Poly Films Ltd manufactures bi-axially oriented polypropylene films used in flexible packaging. It sells the products in India and also exports them to other countries. Is into the business of manufacturing and selling BOPP films. Its products include Textiles, Yarns, Woven Fabrics and garments, Knitwear and garments, PolyFilms, and Sugar and other Products.

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