HMA Agro Industries (NSE:HMAAGRO) Inventory Turnover : 10.86 (As of Mar. 2024)

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What is HMA Agro 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. HMA Agro Industries's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹22,411 Mil. HMA Agro Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹2,064 Mil. HMA Agro Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 10.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HMA Agro Industries's Days Inventory for the six months ended in Mar. 2024 was 16.80.

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. HMA Agro Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.08.

HMA Agro Industries Inventory Turnover Historical Data

The historical data trend for HMA Agro 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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HMA Agro Industries Inventory Turnover Chart

HMA Agro Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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15.28

9.65

18.36

18.05

16.76

HMA Agro Industries Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial				9.01	8.97	-	10.36	10.86

HMA Agro Industries Inventory Turnover Calculation

HMA Agro 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 )
=	40268.67	/ (	(0	+	2402.79)	/	1 )
=	40268.67	/	2402.79
=	16.76

HMA Agro 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 )
=	22411.48	/ (	(1724.23	+	2402.79)	/	2 )
=	22411.48	/	2063.51
=	10.86

HMA Agro Industries (NSE:HMAAGRO) 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.

HMA Agro 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
	=	2063.51	/	22411.48	*	365 / 2
	=	16.80

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.

HMA Agro 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 )
	=	2063.51	/	26418.63
	=	0.08

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.

HMA Agro Industries Inventory Turnover Related Terms

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HMA Agro Industries (NSE:HMAAGRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » HMA Agro Industries Ltd (NSE:HMAAGRO) » Definitions » Inventory Turnover

Traded in Other Exchanges

543929:India

Address

Fatehabad Road, 18-A/5/3 Tajview Crossing, Agra, UP, IND, 282001

Website

https://www.hmagroup.co

HMA Agro Industries Ltd is engaged in the business of manufacturing and exporting Buffalo Frozen Meat and Meat Products. Its core products are frozen fresh deglanded Buffalo Meat.

HMA Agro Industries (NSE:HMAAGRO) Headlines

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