Euro Panel Products (NSE:EUROBOND) Inventory Turnover : 1.02 (As of Sep. 2023)

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What is Euro Panel Products 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. Euro Panel Products's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹1,459 Mil. Euro Panel Products's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹1,424 Mil. Euro Panel Products's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Euro Panel Products's Days Inventory for the six months ended in Sep. 2023 was 178.19.

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. Euro Panel Products's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.75.

Euro Panel Products Inventory Turnover Historical Data

The historical data trend for Euro Panel 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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Euro Panel Products Inventory Turnover Chart

Euro Panel Products Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

1.58

1.60

1.32

1.64

2.14

Euro Panel Products Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial			0.77	0.86	0.98	1.12	1.02

Euro Panel Products Inventory Turnover Calculation

Euro Panel Products'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 )
=	2610.245	/ (	(1102.702	+	1332.194)	/	2 )
=	2610.245	/	1217.448
=	2.14

Euro Panel 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: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	1458.735	/ (	(1332.194	+	1516.311)	/	2 )
=	1458.735	/	1424.2525
=	1.02

Euro Panel Products (NSE:EUROBOND) 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.

Euro Panel Products'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
	=	1424.2525	/	1458.735	*	365 / 2
	=	178.19

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.

Euro Panel 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 )
	=	1424.2525	/	1892.889
	=	0.75

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.

Euro Panel Products Inventory Turnover Related Terms

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Euro Panel Products (NSE:EUROBOND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Euro Panel Products Ltd (NSE:EUROBOND) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ramdas Sutrale Road, 702, 7th Floor, Aravalli Business Centre, Borivali (West), Mumbai, MH, IND, 400092

Website

https://www.eurobondacp.com

Euro Panel Products Ltd is engaged in the manufacturing and supplying of Aluminium Composite Panels (ACP) globally. ACPs are a kind of panels, which are widely used as an exterior covering of commercial buildings and corporate houses. the company products also include stone series for the exterior of the building, high-pressure laminates, ACP sign board, and ACP elevation. majority of the company's revenue is derived from India.

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