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HI-Green Carbon (NSE:HIGREEN) Inventory-to-Revenue : 0.34 (As of Mar. 2024)


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What is HI-Green Carbon Inventory-to-Revenue?

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. HI-Green Carbon's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹118.6 Mil. HI-Green Carbon's Revenue for the six months ended in Mar. 2024 was ₹350.6 Mil. HI-Green Carbon's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.34.

HI-Green Carbon's Inventory-to-Revenue for the quarter that ended in Mar. 2024 declined from Sep. 2023 (0.37) to Sep. 2023 (0.34)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HI-Green Carbon's Days Inventory for the six months ended in Mar. 2024 was 83.49.

Inventory Turnover measures how fast the company turns over its inventory within a year. HI-Green Carbon's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.19.


HI-Green Carbon Inventory-to-Revenue Historical Data

The historical data trend for HI-Green Carbon's Inventory-to-Revenue 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.

* Premium members only.

HI-Green Carbon Inventory-to-Revenue Chart

HI-Green Carbon Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Inventory-to-Revenue
0.43 0.19 0.14 0.17

HI-Green Carbon Semi-Annual Data
Mar21 Mar22 Sep22 Mar23 Sep23 Mar24
Inventory-to-Revenue Get a 7-Day Free Trial - 0.22 0.36 0.37 0.34

Competitive Comparison of HI-Green Carbon's Inventory-to-Revenue

For the Specialty Chemicals subindustry, HI-Green Carbon's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


HI-Green Carbon's Inventory-to-Revenue Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, HI-Green Carbon's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where HI-Green Carbon's Inventory-to-Revenue falls into.



HI-Green Carbon Inventory-to-Revenue Calculation

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.

HI-Green Carbon's Inventory-to-Revenue for the fiscal year that ended in Mar. 2024 is calculated as

Inventory-to-Revenue (A: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Mar. 2023 ) + Total Inventories (A: Mar. 2024 )) / count ) / Revenue (A: Mar. 2024 )
=( (122.777 + 113.466) / 2 ) / 684.759
=118.1215 / 684.759
=0.17

HI-Green Carbon's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue (Q: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Revenue (Q: Mar. 2024 )
=( (123.665 + 113.466) / 2 ) / 350.583
=118.5655 / 350.583
=0.34

* 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.


HI-Green Carbon  (NSE:HIGREEN) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

HI-Green Carbon's Days Inventory for the six months ended in Mar. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=118.5655/259.172*365 / 2
=83.49

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

HI-Green Carbon's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=259.172 / 118.5655
=2.19

* 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.


HI-Green Carbon Inventory-to-Revenue Related Terms

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HI-Green Carbon Business Description

Traded in Other Exchanges
N/A
Address
G-557, Lodhika Industrial Estate, Metoda G.I.D.C. Gate No. 3, Metoda, Lodhika, Rajkot, GJ, IND, 360021
HI-Green Carbon Ltd is engaged in the business of waste tyres recycling. Its manufacturing plant operates on a continuous pyrolysis process. It is an uninterrupted working method with a continuous feeding and discharging system controlled by the program logic controller system. The company processes end-of-life tyres (ELTs) pieces to produce energy components and raw materials. Its major products are Recovered Carbon Black (rCB) and Steel Wires under the Raw Material Category and fuel Oil and Synthesis Gas under the Energy components category.

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