KN Agri Resources (NSE:KNAGRI) Inventory Turnover : 5.34 (As of Sep. 2023)

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What is KN Agri Resources 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. KN Agri Resources's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹5,779 Mil. KN Agri Resources's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹1,083 Mil. KN Agri Resources's Inventory Turnover for the quarter that ended in Sep. 2023 was 5.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. KN Agri Resources's Days Inventory for the six months ended in Sep. 2023 was 34.18.

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. KN Agri Resources's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.17.

KN Agri Resources Inventory Turnover Historical Data

The historical data trend for KN Agri Resources'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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KN Agri Resources Inventory Turnover Chart

KN Agri Resources Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

26.32

12.52

15.77

14.39

12.98

KN Agri Resources Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial			7.78	10.28	6.30	7.40	5.34

KN Agri Resources Inventory Turnover Calculation

KN Agri Resources'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 )
=	21192.4	/ (	(1724.3	+	1541.6)	/	2 )
=	21192.4	/	1632.95
=	12.98

KN Agri Resources'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 )
=	5779.1	/ (	(1541.6	+	623.4)	/	2 )
=	5779.1	/	1082.5
=	5.34

KN Agri Resources (NSE:KNAGRI) 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.

KN Agri Resources'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
	=	1082.5	/	5779.1	*	365 / 2
	=	34.18

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.

KN Agri Resources'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 )
	=	1082.5	/	6369.2
	=	0.17

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.

KN Agri Resources Inventory Turnover Related Terms

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KN Agri Resources (NSE:KNAGRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » KN Agri Resources Ltd (NSE:KNAGRI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

B1 - 506, Marathon Nextgen Innova, Opposite Peninsula Corporate Park, Lower Parel, Mumbai, MH, IND, 400013

Website

https://www.knagri.com

KN Agri Resources Ltd is an agro-based company, involved in the business of solvent extraction and oil refining and trading of various agro-commodities. The wide range of processed and manufactured products includes soya de-oiled cake, Hipro Soya Meal, soya refined oil, soya crude oil, degummed oil, soya lecithin, acid oil, soya husk, cottonseed oil, refined rapeseed oil, and rapeseed de-oiled cake. Its segment includes Agro Product and Power. Under the agro-commodities business, the company trade in various agro commodities such as maize, gram, pulses, sugar, soyabean, wheat, and other.

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