Patron Exim (BOM:543798) Inventory Turnover : 0.79 (As of Sep. 2023)

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What is Patron Exim 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. Patron Exim's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹20.89 Mil. Patron Exim's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹26.35 Mil. Patron Exim's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Patron Exim's Days Inventory for the six months ended in Sep. 2023 was 230.17.

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. Patron Exim's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 2.10.

Patron Exim Inventory Turnover Historical Data

The historical data trend for Patron Exim'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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Patron Exim Inventory Turnover Chart

Patron Exim Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

11.54

7.47

1.06

4.18

Patron Exim Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial			-	-	2.81	1.42	0.79

Patron Exim Inventory Turnover Calculation

Patron Exim'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 )
=	134.114	/ (	(31.058	+	33.048)	/	2 )
=	134.114	/	32.053
=	4.18

Patron Exim'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: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	20.889	/ (	(33.048	+	19.643)	/	2 )
=	20.889	/	26.3455
=	0.79

Patron Exim (BOM:543798) 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.

Patron Exim'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
	=	26.3455	/	20.889	*	365 / 2
	=	230.17

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.

Patron Exim'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 )
	=	26.3455	/	12.56
	=	2.10

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.

Patron Exim Inventory Turnover Related Terms

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Patron Exim (BOM:543798) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Patron Exim Ltd (BOM:543798) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

100 FT Road, 411, Safal Perlude, Behind Ashwaraj Bunglows, Prahladnagar, Vejalpur, Ahmedabad, GJ, IND, 380015

Website

https://www.patronexim.com

Patron Exim Ltd is engaged in the trading and distribution of a wide range of pharmaceutical raw material which is also known as APIs (Active Pharmaceutical Ingredients), industrial chemical, excipient, and solvents. The company's product portfolio comprises around 150 AIPs, Excipient, Pharma Chemical and Intermediates. It is also in the trading of a variety of chemicals, such as Petrochemicals, Dyes and Pigment Chemicals, Paints and Speciality Chemical, Agro Chemicals, Oil and Refinery Chemicals, Foam and Adhesive, Plywood and Laminates Chemical.

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