Mysore Petro Chemicals (BOM:506734) Inventory Turnover : 9.23 (As of Dec. 2024)

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What is Mysore Petro Chemicals 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. Mysore Petro Chemicals's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹60.7 Mil. Mysore Petro Chemicals's Average Total Inventories for the quarter that ended in Dec. 2024 was ₹6.6 Mil. Mysore Petro Chemicals's Inventory Turnover for the quarter that ended in Dec. 2024 was 9.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mysore Petro Chemicals's Days Inventory for the three months ended in Dec. 2024 was 9.88.

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. Mysore Petro Chemicals's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.10.

Mysore Petro Chemicals Inventory Turnover Historical Data

The historical data trend for Mysore Petro Chemicals'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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Mysore Petro Chemicals Inventory Turnover Chart

Mysore Petro Chemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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14.63

Mysore Petro Chemicals Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															-	7.89	6.74	-	9.23

Mysore Petro Chemicals Inventory Turnover Calculation

Mysore Petro Chemicals'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 )
=	267.872	/ (	(0	+	18.305)	/	1 )
=	267.872	/	18.305
=	14.63

Mysore Petro Chemicals's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	60.66	/ (	(6.569	+	0)	/	1 )
=	60.66	/	6.569
=	9.23

Mysore Petro Chemicals (BOM:506734) 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.

Mysore Petro Chemicals's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	6.569	/	60.66	*	365 / 4
	=	9.88

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.

Mysore Petro Chemicals's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	6.569	/	63.882
	=	0.10

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.

Mysore Petro Chemicals Inventory Turnover Related Terms

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Mysore Petro Chemicals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mysore Petro Chemicals Ltd (BOM:506734) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

401-404, Raheja Centre, Free Press Journal Marg, 214, Nariman Point, Mumbai, MH, IND, 400 021

Website

http://www.mysorepetro.com

Mysore Petro Chemicals Ltd is mainly engaged in the trading of petrochemical products. It is engaged in the trading of Orthoxylene (OX), Phthalic Anhydride (PA), Maleic Anhydride (MA), Benzoic Acid (BA) and other petrochemical products. The Company is into one reportable segment which is trading activity.

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