Andhra Petrochemicals (BOM:500012) Inventory Turnover : 5.27 (As of Mar. 2024)

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What is Andhra Petrochemicals 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. Andhra Petrochemicals's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,045 Mil. Andhra Petrochemicals's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹388 Mil. Andhra Petrochemicals's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Andhra Petrochemicals's Days Inventory for the three months ended in Mar. 2024 was 17.30.

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. Andhra Petrochemicals's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.14.

Andhra Petrochemicals Inventory Turnover Historical Data

The historical data trend for Andhra Petrochemicals'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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Andhra Petrochemicals Inventory Turnover Chart

Andhra Petrochemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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12.80

10.61

12.35

8.74

11.53

Andhra Petrochemicals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.13	2.46	3.60	2.65	5.27

Andhra Petrochemicals Inventory Turnover Calculation

Andhra Petrochemicals's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	6011.898	/ (	(655.009	+	387.823)	/	2 )
=	6011.898	/	521.416
=	11.53

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2045.403	/ (	(0	+	387.823)	/	1 )
=	2045.403	/	387.823
=	5.27

Andhra Petrochemicals (BOM:500012) 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.

Andhra Petrochemicals's Days Inventory for the three 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
	=	387.823	/	2045.403	*	365 / 4
	=	17.30

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	387.823	/	2784.58
	=	0.14

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.

Andhra Petrochemicals Inventory Turnover Related Terms

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Andhra Petrochemicals (BOM:500012) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Andhra Petrochemicals Ltd (BOM:500012) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Venkatarayapuram, West Godavari District, Tanuku, AP, IND, 534215

Website

https://www.andhrapetrochemicals.com

Andhra Petrochemicals Ltd is an India-based company, which is engaged in the manufacturing of oxo-alcohols. The company's products/services include 2 Ethyl Hexanol and Butanols. It offers Normal Butanol and Iso Butanol. Its 2 Ethyl Hexanol has applications in plasticizers, stabilizers, solvents, acrylates, and finishing compounds for ink. Other applications of 2 Ethyl Hexanol include nitrate esters, lube and fuel additives, surfactants, mining, stabilizers, solvent extractions, oil flotations, agricultural chemicals, and engine machinery lubrication. Its facilities include steam generation, diesel power generation, seawater cooling towers, and raw water storage.

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