E I D Parry India (BOM:500125) Inventory Turnover : 1.34 (As of Dec. 2023)

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What is E I D Parry 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. E I D Parry India's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹62,905 Mil. E I D Parry India's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹46,920 Mil. E I D Parry India's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. E I D Parry India's Days Inventory for the three months ended in Dec. 2023 was 68.06.

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. E I D Parry India's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.60.

E I D Parry India Inventory Turnover Historical Data

The historical data trend for E I D Parry 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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E I D Parry India Inventory Turnover Chart

E I D Parry India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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2.53

2.50

3.27

3.78

4.88

E I D Parry India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.22	0.88	0.87	1.48	1.34

E I D Parry India Inventory Turnover Calculation

E I D Parry India'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 )
=	282063.4	/ (	(53629.9	+	61948.9)	/	2 )
=	282063.4	/	57789.4
=	4.88

E I D Parry India's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	62905.2	/ (	(46920.3	+	0)	/	1 )
=	62905.2	/	46920.3
=	1.34

E I D Parry India (BOM:500125) 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.

E I D Parry India's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	46920.3	/	62905.2	*	365 / 4
	=	68.06

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.

E I D Parry India's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	46920.3	/	77701.4
	=	0.60

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.

E I D Parry India Inventory Turnover Related Terms

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E I D Parry India (BOM:500125) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » E I D Parry India Ltd (BOM:500125) » Definitions » Inventory Turnover

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EIDPARRY:India

Address

NSC Bose Road, Parrys Corner, Dare House, New No. 2, Old 234, Chennai, TN, IND, 600 001

Website

https://www.eidparry.com

E I D Parry India Ltd is a sugar producer headquartered in India. The company operates through four operating segments: sugar, cogeneration, distillery, and nutraceuticals. The sugar business produces sugar from the crushing of sugarcane and generates the most revenue for the company. The co-generation business produces bagasse, a byproduct of sugarcane, which is used in generating power. The distillery segment produces ethanol from molasses, a byproduct of sugarcane, which is then blended with gasoline for powering vehicles. The nutraceuticals unit produces organic products that target the human health and wellness market. The company has operations that span North America, Europe, India, and other regions of the world, with India being the region where it generates most of its sales.

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