Orient Ceratech (BOM:504879) Inventory Turnover : 0.46 (As of Mar. 2024)

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What is Orient Ceratech 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. Orient Ceratech's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹483 Mil. Orient Ceratech's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹1,051 Mil. Orient Ceratech's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Orient Ceratech's Days Inventory for the three months ended in Mar. 2024 was 198.61.

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. Orient Ceratech's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.27.

Orient Ceratech Inventory Turnover Historical Data

The historical data trend for Orient Ceratech'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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Orient Ceratech Inventory Turnover Chart

Orient Ceratech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.11

2.25

2.53

3.13

2.16

Orient Ceratech 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															0.95	0.71	0.58	0.51	0.46

Orient Ceratech Inventory Turnover Calculation

Orient Ceratech'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 )
=	1828.917	/ (	(640.877	+	1051.116)	/	2 )
=	1828.917	/	845.9965
=	2.16

Orient Ceratech'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 )
=	482.934	/ (	(0	+	1051.116)	/	1 )
=	482.934	/	1051.116
=	0.46

Orient Ceratech (BOM:504879) 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.

Orient Ceratech'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
	=	1051.116	/	482.934	*	365 / 4
	=	198.61

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.

Orient Ceratech'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 )
	=	1051.116	/	826.1
	=	1.27

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.

Orient Ceratech Inventory Turnover Related Terms

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Orient Ceratech (BOM:504879) Business Description

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ORIENTCER:India

Address

D.N. Road, Jeevan Udyog Building, 2nd Floor, 278, Fort, Mumbai, MH, IND, 400 001

Website

https://www.orientabrasives.com

Orient Ceratech Ltd is an Indian-based company. It has two reportable segments: Alumina Refactories, Monolithics products, and bauxite ores, which are the key revenue driver; and Power generation. Alumina Refractories and Monolithics products manufacture calcined bauxite, fused aluminum oxide abrasive grains, and low cement castables which are mainly consumed in steel plants. The company also has a thermal power plant, furnace oil-based power plant, and windmills. The power generated from the thermal power plant and furnace oil-based power plant is captively consumed at the plant and power generated from windmills is sold to the respective state power distribution companies.

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