Sree Rayalaseema Hi-Strength Hypo (BOM:532842) Inventory Turnover : 3.24 (As of Mar. 2024)

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What is Sree Rayalaseema Hi-Strength Hypo 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. Sree Rayalaseema Hi-Strength Hypo's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,025 Mil. Sree Rayalaseema Hi-Strength Hypo's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹317 Mil. Sree Rayalaseema Hi-Strength Hypo's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sree Rayalaseema Hi-Strength Hypo's Days Inventory for the three months ended in Mar. 2024 was 28.20.

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. Sree Rayalaseema Hi-Strength Hypo's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.19.

Sree Rayalaseema Hi-Strength Hypo Inventory Turnover Historical Data

The historical data trend for Sree Rayalaseema Hi-Strength Hypo'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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Sree Rayalaseema Hi-Strength Hypo Inventory Turnover Chart

Sree Rayalaseema Hi-Strength Hypo Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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11.84

16.54

10.09

9.23

7.18

Sree Rayalaseema Hi-Strength Hypo 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															2.48	1.37	3.42	3.52	3.24

Sree Rayalaseema Hi-Strength Hypo Inventory Turnover Calculation

Sree Rayalaseema Hi-Strength Hypo'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 )
=	5656.178	/ (	(1257.672	+	316.885)	/	2 )
=	5656.178	/	787.2785
=	7.18

Sree Rayalaseema Hi-Strength Hypo'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 )
=	1025.323	/ (	(0	+	316.885)	/	1 )
=	1025.323	/	316.885
=	3.24

Sree Rayalaseema Hi-Strength Hypo (BOM:532842) 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.

Sree Rayalaseema Hi-Strength Hypo'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
	=	316.885	/	1025.323	*	365 / 4
	=	28.20

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.

Sree Rayalaseema Hi-Strength Hypo'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 )
	=	316.885	/	1651.74
	=	0.19

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.

Sree Rayalaseema Hi-Strength Hypo Inventory Turnover Related Terms

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Sree Rayalaseema Hi-Strength Hypo (BOM:532842) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sree Rayalaseema Hi-Strength Hypo Ltd (BOM:532842) » Definitions » Inventory Turnover

Traded in Other Exchanges

SRHHYPOLTD:India

Address

216, K.J.S. Complex, Bhagya Nagar, Kurnool, AP, IND, 518004

Website

https://www.srhhl.com

Sree Rayalaseema Hi-Strength Hypo Ltd is an India based company engaged in the manufacture of inorganic chemicals and the generation of power through wind and thermal. The company has two reportable segments: Chemical manufacturing and Power Generation. The company's product includes Sulphuric acid, Chlorosulphonic acid, Chloramine, oleum, Hydrochloric acid, Monochloro acetic acid, Sodium dichloroisocyanyurate, Hydrogen gas, Aluminium sulphate, Stable bleaching powder, Sodium hydride, Sodium methoxide powder, Sodium methoxide solution and Water treatment chemicals.

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