Chromatic India (LUX:168089) Inventory Turnover : 0.49 (As of Sep. 2020)

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What is Chromatic India 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. Chromatic India's Cost of Goods Sold for the three months ended in Sep. 2020 was $0.07 Mil. Chromatic India's Average Total Inventories for the quarter that ended in Sep. 2020 was $0.15 Mil. Chromatic India's Inventory Turnover for the quarter that ended in Sep. 2020 was 0.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chromatic India's Days Inventory for the three months ended in Sep. 2020 was 187.57.

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. Chromatic India's Inventory-to-Revenue for the quarter that ended in Sep. 2020 was 1.97.

Chromatic India Inventory Turnover Historical Data

The historical data trend for Chromatic India'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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Chromatic India Inventory Turnover Chart

Chromatic India Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Inventory Turnover

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3.48

4.65

11.04

3.91

3.39

Chromatic India Quarterly Data
	Mar09	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Inventory Turnover	Get a 7-Day Free Trial															0.98	1.11	0.48	0.32	0.49

Chromatic India Inventory Turnover Calculation

Chromatic India's Inventory Turnover for the fiscal year that ended in Mar. 2020 is calculated as

	Inventory Turnover (A: Mar. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2020 )	/ (	(Total Inventories (A: Mar. 2019 )	+	Total Inventories (A: Mar. 2020 ))	/	count )
=	0.881	/ (	(0.236	+	0.283)	/	2 )
=	0.881	/	0.2595
=	3.39

Chromatic India's Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as

	Inventory Turnover (Q: Sep. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2020 )	/ (	(Total Inventories (Q: Jun. 2020 )	+	Total Inventories (Q: Sep. 2020 ))	/	count )
=	0.072	/ (	(0	+	0.148)	/	1 )
=	0.072	/	0.148
=	0.49

Chromatic India (LUX:168089) 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.

Chromatic India's Days Inventory for the three months ended in Sep. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2020 )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
	=	0.148	/	0.072	*	365 / 4
	=	187.57

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.

Chromatic India's Inventory to Revenue for the quarter that ended in Sep. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2020 )	/	Revenue (Q: Sep. 2020 )
	=	0.148	/	0.075
	=	1.97

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.

Chromatic India Inventory Turnover Related Terms

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Chromatic India (LUX:168089) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Chromatic India Ltd (LUX:168089) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

501, Maker Chamber V, 221, Nariman Point, Mumbai, Maharashtra, IND, 400021

Website

http://www.chromatic.in

Chromatic India Ltd is an Indian based chemical manufacturing company. It is currently in the business of manufacturing, trading, and export of Synthetic Organic dyes and chemicals. It is a manufacturer and supplier of chemical dyes, dye intermediates, and basic chemicals. Its products include dyestuff based on cyanuric chloride, which includes Chromactive Yellow E - XN, ChromactiveRosso E - XN and Chromactive Navy E - XN; double anchor type, which includes ChromazolYellow BF-3RS. Geographically, the company operates through Domestic and the overseas segments.

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