SMVD Poly Pack (NSE:SMVD) Inventory Turnover : 1.12 (As of Sep. 2023)

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What is SMVD Poly Pack 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. SMVD Poly Pack's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹199.3 Mil. SMVD Poly Pack's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹177.4 Mil. SMVD Poly Pack's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SMVD Poly Pack's Days Inventory for the six months ended in Sep. 2023 was 162.46.

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. SMVD Poly Pack's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.76.

SMVD Poly Pack Inventory Turnover Historical Data

The historical data trend for SMVD Poly Pack'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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SMVD Poly Pack Inventory Turnover Chart

SMVD Poly Pack Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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2.39

2.24

2.43

2.59

2.08

SMVD Poly Pack Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial											1.31	1.28	0.75	1.27	1.12

SMVD Poly Pack Inventory Turnover Calculation

SMVD Poly Pack'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 )
=	613.67	/ (	(272.216	+	317.247)	/	2 )
=	613.67	/	294.7315
=	2.08

SMVD Poly Pack'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 )
=	199.308	/ (	(317.247	+	37.587)	/	2 )
=	199.308	/	177.417
=	1.12

SMVD Poly Pack (NSE:SMVD) 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.

SMVD Poly Pack'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
	=	177.417	/	199.308	*	365 / 2
	=	162.46

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.

SMVD Poly Pack'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 )
	=	177.417	/	232.305
	=	0.76

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.

SMVD Poly Pack Inventory Turnover Related Terms

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SMVD Poly Pack (NSE:SMVD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » SMVD Poly Pack Ltd (NSE:SMVD) » Definitions » Inventory Turnover

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Address

16, Strand Road, 8th Floor, Suite No.- 804B, Diamond Heritage, Kolkata, WB, IND, 700 001

Website

https://www.smvdpolypack.com

SMVD Poly Pack Ltd is an Indian company engaged in manufacturing Polypropylene/ High-Density Polyethylene woven sacks bags and sacks, Leno Bags, Jumbo (Flexible Intermediate Bulk Container) FIBC Bags, and HDPE Tarpaulin. The company serves many industries such as fertilizer plants, cement plants, chemical industries, flour mills, Steel, Plastic compounds, Rice Plants, Poultry Farms, and others. It operates through two segments: Plastic products and Water Coconut.

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