Kriti Nutrients (BOM:533210) Inventory Turnover : 2.99 (As of Mar. 2024)

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What is Kriti Nutrients 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. Kriti Nutrients's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,433 Mil. Kriti Nutrients's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹479 Mil. Kriti Nutrients's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kriti Nutrients's Days Inventory for the three months ended in Mar. 2024 was 30.49.

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. Kriti Nutrients's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.28.

Kriti Nutrients Inventory Turnover Historical Data

The historical data trend for Kriti Nutrients'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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Kriti Nutrients Inventory Turnover Chart

Kriti Nutrients Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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15.22

17.84

15.51

12.38

10.23

Kriti Nutrients 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															2.49	2.83	1.98	2.47	2.99

Kriti Nutrients Inventory Turnover Calculation

Kriti Nutrients'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 )
=	5736.996	/ (	(642.95	+	478.898)	/	2 )
=	5736.996	/	560.924
=	10.23

Kriti Nutrients'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 )
=	1433.344	/ (	(0	+	478.898)	/	1 )
=	1433.344	/	478.898
=	2.99

Kriti Nutrients (BOM:533210) 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.

Kriti Nutrients'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
	=	478.898	/	1433.344	*	365 / 4
	=	30.49

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.

Kriti Nutrients'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 )
	=	478.898	/	1722.734
	=	0.28

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.

Kriti Nutrients Inventory Turnover Related Terms

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Kriti Nutrients (BOM:533210) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kriti Nutrients Ltd (BOM:533210) » Definitions » Inventory Turnover

Traded in Other Exchanges

KRITINUT:India

Address

Brilliant Sapphire, 801 - 804, 8th Floor, Plot No. 10, Scheme No. 78-II, Vijay Nagar, Indore, MP, IND, 452 010

Website

https://www.kritinutrients.com

Kriti Nutrients Ltd is an India-based firm engaged in the business of soya seed extraction, and manufacturing and selling of cooking oil under the brand KRITI. The product portfolio of the company includes soya lecithin flakes and flour, and soya crude oil/refined oil. It generates majority of its revenues through the sale of its products. Geographically, it derives a majority of revenue from India.

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