India Glycols (NSE:INDIAGLYCO) Inventory Turnover : 0.57 (As of Mar. 2024)

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What is India Glycols 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. India Glycols's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹6,358 Mil. India Glycols's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹11,063 Mil. India Glycols's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. India Glycols's Days Inventory for the three months ended in Mar. 2024 was 158.78.

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. India Glycols's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.19.

India Glycols Inventory Turnover Historical Data

The historical data trend for India Glycols'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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India Glycols Inventory Turnover Chart

India Glycols Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.84

2.39

3.02

2.19

2.31

India Glycols 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															0.43	0.53	0.58	0.72	0.57

India Glycols Inventory Turnover Calculation

India Glycols'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 )
=	21488.3	/ (	(7538.326	+	11062.9)	/	2 )
=	21488.3	/	9300.613
=	2.31

India Glycols'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 )
=	6357.6	/ (	(0	+	11062.9)	/	1 )
=	6357.6	/	11062.9
=	0.57

India Glycols (NSE:INDIAGLYCO) 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.

India Glycols'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
	=	11062.9	/	6357.6	*	365 / 4
	=	158.78

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.

India Glycols'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 )
	=	11062.9	/	9261.4
	=	1.19

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.

India Glycols Inventory Turnover Related Terms

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India Glycols (NSE:INDIAGLYCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » India Glycols Ltd (NSE:INDIAGLYCO) » Definitions » Inventory Turnover

Traded in Other Exchanges

500201:India

Address

Plot No. 2B, Sector-126, District Gautam Budh Nagar, Noida, UP, IND, 201304

Website

https://www.indiaglycols.com

India Glycols Ltd is engaged in the manufacturing and marketing of chemicals. It offers Specialty chemicals, Ethyl Alcohol (Portable), Nutraceutical and herbal extraction, Natural Gum and its derivatives, and Industrial gases, among others. The company produces chemicals through agricultural route and manufactures ethoxylates and glycol ethers through molasses route. The demand for their products comes from the Pharmaceutical and Nutraceutical industries, Food industries, Textile industry, Automobile industry and Potable segment. The operating segments of the group are Industrial chemical; Ethyl Alcohol (Potable); and Nutraceutical, of which it derives key revenue from the Ethyl Alcohol (Potable) segment.

India Glycols (NSE:INDIAGLYCO) Headlines

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