Concord Biotech (BOM:543960) Change In Inventory : ₹44 Mil (TTM As of Mar. 2024)

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What is Concord Biotech Change In Inventory?

Concord Biotech's change in inventory for the quarter that ended in Mar. 2024 was ₹119 Mil. It means Concord Biotech's inventory declined by ₹119 Mil from Sep. 2023 to Mar. 2024 .

Concord Biotech's change in inventory for the fiscal year that ended in Mar. 2024 was ₹44 Mil. It means Concord Biotech's inventory declined by ₹44 Mil from Mar. 2023 to Mar. 2024 .

Concord Biotech's Total Inventories for the quarter that ended in Mar. 2024 was ₹2,080 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Concord Biotech's Days Inventory for the quarter that ended in Mar. 2024 was 287.19.

Inventory Turnover measures how fast the company turns over its inventory within a year. Concord Biotech's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.64.

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. Concord Biotech's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.38.

Concord Biotech Change In Inventory Historical Data

The historical data trend for Concord Biotech'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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Concord Biotech Change In Inventory Chart

Concord Biotech Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Change In Inventory

-195.14

-423.77

-415.09

-172.27

43.61

Concord Biotech Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Change In Inventory	Get a 7-Day Free Trial			-	-164.70	-7.58	-75.42	119.03

Concord Biotech 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹44 Mil.

Concord Biotech (BOM:543960) Change In Inventory Explanation

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

Concord Biotech's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2139.0545	/	1359.31	*	365 / 2
	=	287.19

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

Concord Biotech's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1359.31	/	2139.0545
	=	0.64

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.

Concord Biotech's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2139.0545	/	5597.659
	=	0.38

Concord Biotech Change In Inventory Related Terms

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Concord Biotech (BOM:543960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Concord Biotech Ltd (BOM:543960) » Definitions » Change In Inventory

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CONCORDBIO:India

Address

Iscon Cross Road, S.G. Highway, 16th floor, B-Wing, Mondeal Heights, Ahmedabad, GJ, IND, 380015

Website

https://www.concordbiotech.com

Concord Biotech Ltd is a Research & development-driven biopharma Company that manufactures Active Pharmaceutical Ingredients (API) through fermentation & semi-synthetic process and finished formulations.

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