Tamilnadu Petroproducts (BOM:500777) Inventory Turnover : 2.18 (As of Mar. 2024)

View and export this data going back to 1992. Start your Free Trial

What is Tamilnadu Petroproducts 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. Tamilnadu Petroproducts's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,678 Mil. Tamilnadu Petroproducts's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹1,229 Mil. Tamilnadu Petroproducts's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tamilnadu Petroproducts's Days Inventory for the three months ended in Mar. 2024 was 41.86.

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. Tamilnadu Petroproducts's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.28.

Tamilnadu Petroproducts Inventory Turnover Historical Data

The historical data trend for Tamilnadu Petroproducts'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.

* Premium members only.

Tamilnadu Petroproducts Inventory Turnover Chart

Tamilnadu Petroproducts Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

Get a 7-Day Free Trial

8.94

6.82

8.05

8.06

6.70

Tamilnadu Petroproducts 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															1.66	1.50	2.08	1.59	2.18

Tamilnadu Petroproducts Inventory Turnover Calculation

Tamilnadu Petroproducts'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 )
=	9746.5	/ (	(1679.364	+	1228.5)	/	2 )
=	9746.5	/	1453.932
=	6.70

Tamilnadu Petroproducts'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 )
=	2677.8	/ (	(0	+	1228.5)	/	1 )
=	2677.8	/	1228.5
=	2.18

Tamilnadu Petroproducts (BOM:500777) 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.

Tamilnadu Petroproducts'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
	=	1228.5	/	2677.8	*	365 / 4
	=	41.86

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.

Tamilnadu Petroproducts'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 )
	=	1228.5	/	4370.8
	=	0.28

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.

Tamilnadu Petroproducts Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Tamilnadu Petroproducts's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Tamilnadu Petroproducts (BOM:500777) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tamilnadu Petroproducts Ltd (BOM:500777) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

TNPETRO:India

Address

Manali Express Highway, Manali, Chennai, TN, IND, 600 068

Website

https://www.tnpetro.com

Tamilnadu Petroproducts Ltd is engaged in the manufacturing and sale of petrochemical products. Its product portfolio includes Linear Alkyl Benzene (LAB), Caustic Soda Chlorine, and Derivatives. The company derives maximum revenue from the sale of Linear Alkyl Benzene (LAB) products. The company has its unit situated in Manali, Chennai. Geographically, it generates a majority of revenue from India.

Tamilnadu Petroproducts (BOM:500777) Headlines

No Headlines