Vilin Bio Med (NSE:VILINBIO) Inventory Turnover : 1.98 (As of Sep. 2023)

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What is Vilin Bio Med 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. Vilin Bio Med's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹48.30 Mil. Vilin Bio Med's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹24.38 Mil. Vilin Bio Med's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vilin Bio Med's Days Inventory for the six months ended in Sep. 2023 was 92.09.

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. Vilin Bio Med's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.32.

Vilin Bio Med Inventory Turnover Historical Data

The historical data trend for Vilin Bio Med'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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Vilin Bio Med Inventory Turnover Chart

Vilin Bio Med Annual Data

Trend

Mar20

Mar21

Mar22

Inventory Turnover

6.64

4.46

4.18

Vilin Bio Med Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Sep23
Inventory Turnover	-	-	-	1.06	1.98

Vilin Bio Med Inventory Turnover Calculation

Vilin Bio Med's Inventory Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Inventory Turnover (A: Mar. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2022 )	/ (	(Total Inventories (A: Mar. 2021 )	+	Total Inventories (A: Mar. 2022 ))	/	count )
=	90.868	/ (	(20.642	+	22.838)	/	2 )
=	90.868	/	21.74
=	4.18

Vilin Bio Med's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	48.304	/ (	(0	+	24.375)	/	1 )
=	48.304	/	24.375
=	1.98

Vilin Bio Med (NSE:VILINBIO) 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.

Vilin Bio Med's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	24.375	/	48.304	*	365 / 2
	=	92.09

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.

Vilin Bio Med's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	24.375	/	76.457
	=	0.32

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.

Vilin Bio Med Inventory Turnover Related Terms

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Vilin Bio Med (NSE:VILINBIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Vilin Bio Med Ltd (NSE:VILINBIO) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Opposite Sub Registrar’s Office, Survey No.115/GF/J, Hanumanji Colony, Bowempally, Secunderabad, TG, IND, 500009

Website

http://www.vilinbiomed.co.in

Vilin Bio Med Ltd is engaged in the domestic business of manufacturing Pharmaceuticals products. It is manufacturing pharmaceutical formulations such as Oral Liquids, Dry syrups, Sachets, External Preparations, Beta and Non-Beta Lactam tablets, and Capsules & Nutritional Food supplements.

Vilin Bio Med (NSE:VILINBIO) Headlines

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