Grasim Industries (Grasim Industries) Inventory Turnover : 1.19 (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Grasim 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. Grasim Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,754 Mil. Grasim Industries's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,475 Mil. Grasim Industries's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grasim Industries's Days Inventory for the three months ended in Dec. 2023 was 76.74.

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. Grasim Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.38.

Grasim Industries Inventory Turnover Historical Data

The historical data trend for Grasim 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.

* Premium members only.

Grasim Industries Inventory Turnover Chart

Grasim Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

Get a 7-Day Free Trial

6.28

5.41

5.46

5.81

5.58

Grasim Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.18	1.78	1.34	1.22	1.19

Grasim Industries Inventory Turnover Calculation

Grasim Industries's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	7274.345	/ (	(1251.67	+	1356.463)	/	2 )
=	7274.345	/	1304.0665
=	5.58

Grasim Industries's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1754.151	/ (	(1475.235	+	0)	/	1 )
=	1754.151	/	1475.235
=	1.19

Grasim Industries (OTCPK:GRSXY) 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.

Grasim Industries's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1475.235	/	1754.151	*	365 / 4
	=	76.74

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.

Grasim Industries's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1475.235	/	3839.513
	=	0.38

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.

Grasim Industries Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Grasim Industries's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Grasim Industries (Grasim Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Grasim Industries Ltd (OTCPK:GRSXY) » Definitions » Inventory Turnover

Traded in Other Exchanges

GRASIM:India 500300:India

Address

Sudam Kalu Ahire Marg, A Wing, 2nd Floor, Aditya Birla Centre, Worli, Mumbai, MH, IND, 400030

Website

https://www.grasim.com

Grasim Industries Ltd is a cement and viscose staple fibre (VSF) manufacturing firm based in India. The activities of the group fall under the operating segments of Viscose, Chemicals, Cement, Financial Services, and Others. It derives key revenue from the Cement segment which covers products like Grey Cement, White Cement and allied products. The viscose segment includes products such as Viscose Staple Fibre, Wood Pulp and Viscose Filament Yarn. Through the Chemicals segment, the group offers Caustic soda, Allied chemicals and Epoxy. Geographically, the company has a business presence in India and other countries, of which maximum revenue is generated within India.

Grasim Industries (Grasim Industries) Headlines

From GuruFocus

Q3 2024 Grasim Industries Ltd Earnings Call Transcript

By GuruFocus Research • 02-12-2024