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Richa Info Systems (NSE:RICHASMN) Inventory Turnover : 3.00 (As of Mar. 2023)


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What is Richa Info Systems 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. Richa Info Systems's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹213.6 Mil. Richa Info Systems's Average Total Inventories for the quarter that ended in Mar. 2023 was ₹71.3 Mil. Richa Info Systems's Inventory Turnover for the quarter that ended in Mar. 2023 was 3.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Richa Info Systems's Days Inventory for the six months ended in Mar. 2023 was 60.90.

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. Richa Info Systems's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.29.

Richa Info Systems Inventory Turnover Historical Data

The historical data trend for Richa Info Systems'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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Richa Info Systems Inventory Turnover Chart

Richa Info Systems Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23
Inventory Turnover
60.43 23.20 10.68 10.09 5.46

Richa Info Systems Semi-Annual Data
Mar19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23
Inventory Turnover Get a 7-Day Free Trial - 3.73 5.87 1.38 3.00

Richa Info Systems Inventory Turnover Calculation

Richa Info Systems'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 )
=287.018 / ((34.663 + 70.507) / 2 )
=287.018 / 52.585
=5.46

Richa Info Systems's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover (Q: Mar. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2023 ) / ((Total Inventories (Q: Sep. 2022 ) + Total Inventories (Q: Mar. 2023 )) / count )
=213.59 / ((72.05 + 70.507) / 2 )
=213.59 / 71.2785
=3.00

* 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.

Richa Info Systems  (NSE:RICHASMN) 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.

Richa Info Systems's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2023 )/Cost of Goods Sold (Q: Mar. 2023 )*Days in Period
=71.2785/213.59*365 / 2
=60.90

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.

Richa Info Systems's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2023 ) / Revenue (Q: Mar. 2023 )
=71.2785 / 246.445
=0.29

* 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.

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.

Richa Info Systems Inventory Turnover Related Terms

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Richa Info Systems (NSE:RICHASMN) Business Description

Industry
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BOM:535657 BOM:532386 BOM:540416 BOM:531525 BOM:538273 BOM:531673 BOM:531960 BOM:534659 BOM:511644 BOM:532379 CRM XTER:SAP INTU NOW UBER CDNS SHOP WDAY XPAR:DSY ROP
Traded in Other Exchanges
N/A
Address
Opposite Copper Stone, Thaltej-Shilaj Road, Corporate House No. 17, Times Corporate Park, Thaltej, Ahmedabad, GJ, IND, 380059
Website
https://www.richainfosys.com
Richa Info Systems Ltd is engaged in the business of assembling innovative products and systems. It is an innovative company in the field of Education Technology, Collaborative Conferencing and Professional Displays, Security and Surveillance, and Interactive Flat Panels. The majority of revenue is derived from the Interactive Flat panel.

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