Rex Sealing and Packaging Industries (BOM:543744) Inventory Turnover : 1.55 (As of Mar. 2024)

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What is Rex Sealing and Packaging 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. Rex Sealing and Packaging Industries's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹90.0 Mil. Rex Sealing and Packaging Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹58.1 Mil. Rex Sealing and Packaging Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rex Sealing and Packaging Industries's Days Inventory for the six months ended in Mar. 2024 was 117.74.

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. Rex Sealing and Packaging Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.36.

Rex Sealing and Packaging Industries Inventory Turnover Historical Data

The historical data trend for Rex Sealing and Packaging 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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Rex Sealing and Packaging Industries Inventory Turnover Chart

Rex Sealing and Packaging Industries Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

2.69

2.21

2.82

2.87

2.93

Rex Sealing and Packaging Industries Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial			-	1.32	1.83	1.78	1.55

Rex Sealing and Packaging Industries Inventory Turnover Calculation

Rex Sealing and Packaging 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 )
=	190.488	/ (	(63.205	+	66.794)	/	2 )
=	190.488	/	64.9995
=	2.93

Rex Sealing and Packaging 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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	90.047	/ (	(49.398	+	66.794)	/	2 )
=	90.047	/	58.096
=	1.55

Rex Sealing and Packaging Industries (BOM:543744) 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.

Rex Sealing and Packaging Industries's Days Inventory for the six 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
	=	58.096	/	90.047	*	365 / 2
	=	117.74

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.

Rex Sealing and Packaging 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 )
	=	58.096	/	160.413
	=	0.36

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.

Rex Sealing and Packaging Industries Inventory Turnover Related Terms

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Rex Sealing and Packaging Industries (BOM:543744) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Rex Sealing and Packaging Industries Ltd (BOM:543744) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

D K Road, A-207, 2nd Floor, Plot No.711 A, Byculla Services Industries, Ghodapdeo, Byculla (East), Mumbai, MH, IND, 400027

Website

https://www.rexseal.com

Rex Sealing and Packaging Industries Ltd is a manufacturer and exporter of sealing packing and insulation products including jointing sheets, fabric expansion joints, gland packing and ropes, high-temperature resistant textiles, ceramic fiber products, and others.

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