Zuari Agro Chemicals (BOM:534742) Inventory Turnover : 1.83 (As of Mar. 2024)

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What is Zuari Agro Chemicals 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. Zuari Agro Chemicals's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹5,786 Mil. Zuari Agro Chemicals's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹3,161 Mil. Zuari Agro Chemicals's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zuari Agro Chemicals's Days Inventory for the three months ended in Mar. 2024 was 49.85.

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. Zuari Agro Chemicals's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.35.

Zuari Agro Chemicals Inventory Turnover Historical Data

The historical data trend for Zuari Agro Chemicals'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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Zuari Agro Chemicals Inventory Turnover Chart

Zuari Agro Chemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.84

4.05

6.53

6.82

8.42

Zuari Agro Chemicals 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															2.18	1.90	3.59	1.54	1.83

Zuari Agro Chemicals Inventory Turnover Calculation

Zuari Agro Chemicals'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 )
=	30108.6	/ (	(3986.95	+	3160.7)	/	2 )
=	30108.6	/	3573.825
=	8.42

Zuari Agro Chemicals'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 )
=	5785.5	/ (	(0	+	3160.7)	/	1 )
=	5785.5	/	3160.7
=	1.83

Zuari Agro Chemicals (BOM:534742) 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.

Zuari Agro Chemicals'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
	=	3160.7	/	5785.5	*	365 / 4
	=	49.85

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.

Zuari Agro Chemicals'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 )
	=	3160.7	/	8976.7
	=	0.35

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.

Zuari Agro Chemicals Inventory Turnover Related Terms

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Zuari Agro Chemicals (BOM:534742) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Zuari Agro Chemicals Ltd (BOM:534742) » Definitions » Inventory Turnover

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ZUARI:India

Address

Off Cubbon Road, No. 28, Union Street, Adventz Centre, 3rd Floor, Bangalore, KA, IND, 560 001

Website

https://www.zuari.in

Zuari Agro Chemicals Ltd is a manufacturer of organic and inorganic fertilizers. Its products are marketed under the Jai Kisaan brand. The company produces complex fertilizers of various grades along with seeds, pesticides, micro nutrients, and specialty fertilizers. In addition, it also acts as an importer of fertilizers and farm nutrients. The group operates through one geographical segment which is India.

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