Ushanti Colour Chem (NSE:UCL) Inventory Turnover : 1.60 (As of Sep. 2023)

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What is Ushanti Colour Chem 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. Ushanti Colour Chem's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹125.8 Mil. Ushanti Colour Chem's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹78.8 Mil. Ushanti Colour Chem's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ushanti Colour Chem's Days Inventory for the six months ended in Sep. 2023 was 114.35.

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. Ushanti Colour Chem's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.38.

Ushanti Colour Chem Inventory Turnover Historical Data

The historical data trend for Ushanti Colour Chem'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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Ushanti Colour Chem Inventory Turnover Chart

Ushanti Colour Chem Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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6.98

6.49

3.38

4.16

4.08

Ushanti Colour Chem Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial													1.95	2.31	2.67	1.82	1.60

Ushanti Colour Chem Inventory Turnover Calculation

Ushanti Colour Chem'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 )
=	295.157	/ (	(79.934	+	64.928)	/	2 )
=	295.157	/	72.431
=	4.08

Ushanti Colour Chem'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 )
=	125.752	/ (	(64.928	+	92.66)	/	2 )
=	125.752	/	78.794
=	1.60

Ushanti Colour Chem (NSE:UCL) 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.

Ushanti Colour Chem'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
	=	78.794	/	125.752	*	365 / 2
	=	114.35

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.

Ushanti Colour Chem'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 )
	=	78.794	/	207.334
	=	0.38

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.

Ushanti Colour Chem Inventory Turnover Related Terms

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Ushanti Colour Chem (NSE:UCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ushanti Colour Chem Ltd (NSE:UCL) » Definitions » Inventory Turnover

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Address

88/8, Phase - 1, GIDC, Vatva, Ahmedabad, GJ, IND, 382445

Website

http://www.ushanti.com

Ushanti Colour Chem Ltd is engaged in the business of manufacturing and trading of dyestuffs. It manufactures reactive and direct dyestuffs. It also manufactures copper phthalocyamine, blue crude used for manufacturing dyestuffs. The company caters to textile, garment, cotton, leather, nylon, paper, wool, ink, wood, plastic and paint industries.