Greenpanel Industries (BOM:542857) Inventory Turnover : 1.01 (As of Mar. 2024)

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What is Greenpanel Industries 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. Greenpanel Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,041 Mil. Greenpanel Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹2,016 Mil. Greenpanel Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Greenpanel Industries's Days Inventory for the three months ended in Mar. 2024 was 90.10.

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. Greenpanel Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.51.

Greenpanel Industries Inventory Turnover Historical Data

The historical data trend for Greenpanel Industries'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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Greenpanel Industries Inventory Turnover Chart

Greenpanel Industries Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.80

3.13

4.26

4.84

4.02

Greenpanel Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.90	1.49	1.05	0.91	1.01

Greenpanel Industries Inventory Turnover Calculation

Greenpanel Industries'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 )
=	7114.683	/ (	(1525.348	+	2015.587)	/	2 )
=	7114.683	/	1770.4675
=	4.02

Greenpanel Industries'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 )
=	2041.352	/ (	(0	+	2015.587)	/	1 )
=	2041.352	/	2015.587
=	1.01

Greenpanel Industries (BOM:542857) 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.

Greenpanel Industries'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
	=	2015.587	/	2041.352	*	365 / 4
	=	90.10

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.

Greenpanel Industries'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 )
	=	2015.587	/	3932.76
	=	0.51

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.

Greenpanel Industries Inventory Turnover Related Terms

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Greenpanel Industries (BOM:542857) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Greenpanel Industries Ltd (BOM:542857) » Definitions » Inventory Turnover

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GREENPANEL:India

Address

163, S.P. Mukherjee Road, Thapar House, 2nd Floor, Kolkata, WB, IND, 700 026

Website

https://www.greenpanel.com

Greenpanel Industries Ltd is a manufacturer of wood panels. It offers products such as Medium Density Fibre Boards, Plywood, Block Boards, Veneers, Wood Floors, and Doors. The operating segment of the company includes Plywood and allied products and Medium density fibreboards and allied products. The company generates maximum revenue from Medium density fibreboards and allied products segment. Geographically, it derives a majority of its revenue from India.

Greenpanel Industries (BOM:542857) Headlines

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