Richard Pierismpany (COL:RICH.N0000) Inventory Turnover : 1.10 (As of Dec. 2023)

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What is Richard Pierismpany 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. Richard Pierismpany's Cost of Goods Sold for the three months ended in Dec. 2023 was රු14,964 Mil. Richard Pierismpany's Average Total Inventories for the quarter that ended in Dec. 2023 was රු13,603 Mil. Richard Pierismpany's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Richard Pierismpany's Days Inventory for the three months ended in Dec. 2023 was 82.95.

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. Richard Pierismpany's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.70.

Richard Pierismpany Inventory Turnover Historical Data

The historical data trend for Richard Pierismpany'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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Richard Pierismpany Inventory Turnover Chart

Richard Pierismpany Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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5.59

5.04

4.86

4.42

4.02

Richard Pierismpany 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															0.83	0.84	0.92	1.02	1.10

Richard Pierismpany Inventory Turnover Calculation

Richard Pierismpany'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 )
=	56004.507	/ (	(12396.255	+	15456.474)	/	2 )
=	56004.507	/	13926.3645
=	4.02

Richard Pierismpany'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 )
=	14963.668	/ (	(13615.01	+	13590.75)	/	2 )
=	14963.668	/	13602.88
=	1.10

Richard Pierismpany (COL:RICH.N0000) 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.

Richard Pierismpany'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
	=	13602.88	/	14963.668	*	365 / 4
	=	82.95

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.

Richard Pierismpany'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 )
	=	13602.88	/	19534.462
	=	0.70

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.

Richard Pierismpany Inventory Turnover Related Terms

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Richard Pierismpany (COL:RICH.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Richard Pieris & Company PLC (COL:RICH.N0000) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Number 310, High Level Road, Nawinna, Maharagama, LKA

Website

https://www.arpico.com

Richard Pieris & Company PLC is a conglomerate that operates in various sectors including Rubber, Tyre, Plastic and furniture, Retail, Financial Services, Other Services, and Plantations. The company derives the majority of the revenue from a Retail segment that is involved in the sale of fast moving consumer goods, household goods, furniture and electronic goods and provides value-added services, such as bank service points, ATMs, credit card and mobile bill payment facilities. It operates a chain of Arpico Supercentres/Superstores, showrooms, and Arpico Daily Outlets. Geographically, it derives a majority of revenue from Sri Lanka.

Richard Pierismpany (COL:RICH.N0000) Headlines

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