Olympic Oil Industries (BOM:507609) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is Olympic Oil Industries 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. Olympic Oil Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹0.00 Mil. Olympic Oil Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹0.00 Mil.

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

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.

Olympic Oil Industries Inventory Turnover Historical Data

The historical data trend for Olympic Oil Industries'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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Olympic Oil Industries Inventory Turnover Chart

Olympic Oil Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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Olympic Oil Industries 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															-	-	-	-	-

Olympic Oil Industries Inventory Turnover Calculation

Olympic Oil Industries'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 )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Olympic Oil Industries'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 )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Olympic Oil Industries (BOM:507609) 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.

Olympic Oil Industries'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
	=	0	/	0	*	365 / 4
	=

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.

Olympic Oil Industries'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 )
	=	0	/	0
	=

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.

Olympic Oil Industries Inventory Turnover Related Terms

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Olympic Oil Industries (BOM:507609) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Olympic Oil Industries Ltd (BOM:507609) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

709, C Wing, One BKC, G Block, Bandra-Kurla Complex, Near Indian Oil Petrol Pump, Bandra (East), Mumbai, MH, IND, 400051

Website

http://www.olympicoil.co.in

Olympic Oil Industries Ltd is engaged in the trading of commodities. Its product portfolio comprises Yellow peas, Rapeseed meal, Paper, Crude palm oil, Polythene bags, Inverters, Heavy equipment, Brazilian soyabean, Soyabean Oil, Pulses, and others. Also, the company is engaged in the trading of computer peripherals and accessories. It derives revenue from Indian and export markets. The objective of the company is to provide a comprehensive trading environment to conduct business in India and around the world.

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