Tainwala Chemical and Plastic (I) (BOM:507785) Inventory Turnover : 0.21 (As of Mar. 2024)

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What is Tainwala Chemical and Plastic (I) 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. Tainwala Chemical and Plastic (I)'s Cost of Goods Sold for the three months ended in Mar. 2024 was ₹3.1 Mil. Tainwala Chemical and Plastic (I)'s Average Total Inventories for the quarter that ended in Mar. 2024 was ₹14.4 Mil. Tainwala Chemical and Plastic (I)'s Inventory Turnover for the quarter that ended in Mar. 2024 was 0.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tainwala Chemical and Plastic (I)'s Days Inventory for the three months ended in Mar. 2024 was 431.12.

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. Tainwala Chemical and Plastic (I)'s Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.83.

Tainwala Chemical and Plastic (I) Inventory Turnover Historical Data

The historical data trend for Tainwala Chemical and Plastic (I)'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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Tainwala Chemical and Plastic (I) Inventory Turnover Chart

Tainwala Chemical and Plastic (I) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.75

1.28

1.46

3.91

8.23

Tainwala Chemical and Plastic (I) 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															3.66	2.52	1.13	0.75	0.21

Tainwala Chemical and Plastic (I) Inventory Turnover Calculation

Tainwala Chemical and Plastic (I)'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 )
=	158.567	/ (	(24.087	+	14.429)	/	2 )
=	158.567	/	19.258
=	8.23

Tainwala Chemical and Plastic (I)'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 )
=	3.054	/ (	(0	+	14.429)	/	1 )
=	3.054	/	14.429
=	0.21

Tainwala Chemical and Plastic (I) (BOM:507785) 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.

Tainwala Chemical and Plastic (I)'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
	=	14.429	/	3.054	*	365 / 4
	=	431.12

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.

Tainwala Chemical and Plastic (I)'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 )
	=	14.429	/	7.885
	=	1.83

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.

Tainwala Chemical and Plastic (I) Inventory Turnover Related Terms

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Tainwala Chemical and Plastic (I) (BOM:507785) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tainwala Chemical and Plastic (I) Ltd (BOM:507785) » Definitions » Inventory Turnover

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TAINWALCHM:India

Address

Road No. 18, M.I.D.C., Marol, Tainwala House, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.tainwala.in

Tainwala Chemical and Plastic (I) Ltd is engaged in the business of manufacturing extruded plastic sheets of various polymers like polyvinyl chloride (PVC), polypropylene (PP), PP glass laminated (PPGL), high-density polyethylene (HDPE) and acrylonitrile-butadiene-styrene (ABS). Its other product includes Tainclear-PVC Rigid Sheets, Tainflex-PVC Flexible (Plasticized) Sheets, and Tainpack-PVC Foils. The company operates through two segments: Plastic Sheets and Securities trading and all its businesses are operating only in India. The firm generates its majority revenue from the Plastic Sheets segment.

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