Gujarat State Fertilizers & Chemicals (NSE:GSFC) Inventory Turnover : 0.90 (As of Mar. 2024)

View and export this data going back to 1995. Start your Free Trial

What is Gujarat State Fertilizers & 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. Gujarat State Fertilizers & Chemicals's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹11,761 Mil. Gujarat State Fertilizers & Chemicals's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹13,048 Mil. Gujarat State Fertilizers & Chemicals's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gujarat State Fertilizers & Chemicals's Days Inventory for the three months ended in Mar. 2024 was 101.23.

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. Gujarat State Fertilizers & Chemicals's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.66.

Gujarat State Fertilizers & Chemicals Inventory Turnover Historical Data

The historical data trend for Gujarat State Fertilizers & 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.

* Premium members only.

Gujarat State Fertilizers & Chemicals Inventory Turnover Chart

Gujarat State Fertilizers & Chemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

Get a 7-Day Free Trial

3.55

4.20

4.47

5.11

4.42

Gujarat State Fertilizers & 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															1.07	1.00	2.12	1.23	0.90

Gujarat State Fertilizers & Chemicals Inventory Turnover Calculation

Gujarat State Fertilizers & 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 )
=	58153.9	/ (	(13237.1	+	13047.6)	/	2 )
=	58153.9	/	13142.35
=	4.42

Gujarat State Fertilizers & 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 )
=	11760.8	/ (	(0	+	13047.6)	/	1 )
=	11760.8	/	13047.6
=	0.90

Gujarat State Fertilizers & Chemicals (NSE:GSFC) 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.

Gujarat State Fertilizers & 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
	=	13047.6	/	11760.8	*	365 / 4
	=	101.23

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.

Gujarat State Fertilizers & 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 )
	=	13047.6	/	19652.5
	=	0.66

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.

Gujarat State Fertilizers & Chemicals Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Gujarat State Fertilizers & Chemicals's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Gujarat State Fertilizers & Chemicals (NSE:GSFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Gujarat State Fertilizers & Chemicals Ltd (NSE:GSFC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

500690:India

Address

P.O. Fertilizernagar, Vadodara, GJ, IND, 391750

Website

https://www.gsfclimited.com

Gujarat State Fertilizers & Chemicals Ltd is a manufacturer of fertilizers and chemicals. It is structured into two operating business segments: Fertilizer Products and Industrial Products. The company operates mainly in the Indian market and there are no reportable geographical segments. It derives the majority of its revenue from the Fertilizer products segment. The products and services covered under its Fertilizer segment include Urea, Ammonium Sulphate, Di-ammonium Phosphate, Ammonium Phosphate Sulphate, and traded fertilizer products. The Industrial Products consist of Caprolactam, Nylon-6, Nylon Filament Yarn, Nylon Chips, Melamine, Methanol, and Polymer products.

Gujarat State Fertilizers & Chemicals (NSE:GSFC) Headlines

No Headlines