Rangpur Dairy & Food Products (DHA:RDFOOD) Inventory Turnover

: 0.85 (As of Sep. 2023)

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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. Rangpur Dairy & Food Products's Cost of Goods Sold for the three months ended in Sep. 2023 was BDT226 Mil. Rangpur Dairy & Food Products's Average Total Inventories for the quarter that ended in Sep. 2023 was BDT266 Mil. Rangpur Dairy & Food Products's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rangpur Dairy & Food Products's Days Inventory for the three months ended in Sep. 2023 was 107.17.

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. Rangpur Dairy & Food Products's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.87.

Rangpur Dairy & Food Products Inventory Turnover Historical Data

The historical data trend for Rangpur Dairy & Food Products'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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Rangpur Dairy & Food Products Annual Data

Trend

Dec13

Dec14

Dec15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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3.84

3.53

3.68

3.73

3.95

Rangpur Dairy & Food Products Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.90	1.05	1.06	1.10	0.85

Rangpur Dairy & Food Products Inventory Turnover Calculation

Rangpur Dairy & Food Products's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	941.488	/ (	(207.322	+	269.294)	/	2 )
=	941.488	/	238.308
=	3.95

Rangpur Dairy & Food Products'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: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	226.209	/ (	(269.294	+	262.033)	/	2 )
=	226.209	/	265.6635
=	0.85

Rangpur Dairy & Food Products (DHA:RDFOOD) 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.

Rangpur Dairy & Food Products's Days Inventory for the three 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
	=	265.6635	/	226.209	*	365 / 4
	=	107.17

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.

Rangpur Dairy & Food Products'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 )
	=	265.6635	/	304.557
	=	0.87

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.

Rangpur Dairy & Food Products Inventory Turnover Related Terms

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Rangpur Dairy & Food Products (DHA:RDFOOD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Rangpur Dairy & Food Products Ltd (DHA:RDFOOD) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

22/19, Khiljee Road, Mohammadpur, Dhaka, BGD, 1207

Website

https://www.rdmilk.com

Rangpur Dairy & Food Products Ltd is engaged in the manufacturing of pasteurized and flavored milk, ghee, butter, mango drinks, fried dal, special toast biscuits, laccha semai, potato chips, jhal muri, and different types of candy and milk products.

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