Confidence Petroleum India (BOM:526829) Change In Inventory : ₹0 Mil (TTM As of Dec. 2023)

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What is Confidence Petroleum India Change In Inventory?

Confidence Petroleum India's change in inventory for the quarter that ended in Dec. 2023 was ₹0 Mil. It means Confidence Petroleum India's inventory stayed the same from Sep. 2023 to Dec. 2023 .

Confidence Petroleum India's change in inventory for the fiscal year that ended in Mar. 2023 was ₹-1,816 Mil. It means Confidence Petroleum India's inventory increased by ₹1,816 Mil from Mar. 2022 to Mar. 2023 .

Confidence Petroleum India's Total Inventories for the quarter that ended in Dec. 2023 was ₹0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Confidence Petroleum India's Days Inventory for the quarter that ended in Dec. 2023 was 33.03.

Inventory Turnover measures how fast the company turns over its inventory within a year. Confidence Petroleum India's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.76.

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. Confidence Petroleum India's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.26.

Confidence Petroleum India Change In Inventory Historical Data

The historical data trend for Confidence Petroleum India's Change In Inventory 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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Confidence Petroleum India Change In Inventory Chart

Confidence Petroleum India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Inventory

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-153.62

29.33

-39.70

-336.60

-1,816.20

Confidence Petroleum India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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Confidence Petroleum India Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0 Mil.

Confidence Petroleum India (BOM:526829) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Confidence Petroleum India's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1460.75	/	4035	*	365 / 4
	=	33.03

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Confidence Petroleum India's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4035	/	1460.75
	=	2.76

3. 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.

Confidence Petroleum India's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1460.75	/	5542.9
	=	0.26

Confidence Petroleum India Change In Inventory Related Terms

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Confidence Petroleum India (BOM:526829) Business Description

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CONFIPET:India

Address

8 Wardha Road, 404, Satyam Appartment, Dhantoli, Nagpur, MH, IND, 440012

Website

https://www.confidencegroup.co

Confidence Petroleum India Ltd is an Indian manufacturer of LPG (liquefied petroleum gas) Cylinders. The company provides CNG (Compressed Natural Gas) and high-pressure cylinders, LPG cylinders, LPG bottling services, and others. Its segments are the Cylinder Division and LPG Division, of which key revenue is derived from the LPG Division which involves LPG marketing and bottling business and other related activities.

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