AVT Natural Products (BOM:519105) Inventory Turnover : 0.24 (As of Dec. 2023)

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What is AVT Natural Products 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. AVT Natural Products's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹626 Mil. AVT Natural Products's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹2,565 Mil. AVT Natural Products's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AVT Natural Products's Days Inventory for the three months ended in Dec. 2023 was 373.96.

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. AVT Natural Products's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.66.

AVT Natural Products Inventory Turnover Historical Data

The historical data trend for AVT Natural Products'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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AVT Natural Products Inventory Turnover Chart

AVT Natural Products Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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1.54

1.63

1.87

1.68

1.37

AVT Natural Products Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.24	0.40	0.23	0.26	0.24

AVT Natural Products Inventory Turnover Calculation

AVT Natural Products's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	2707.865	/ (	(1833.289	+	2120.086)	/	2 )
=	2707.865	/	1976.6875
=	1.37

AVT Natural Products's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	625.8	/ (	(2564.631	+	0)	/	1 )
=	625.8	/	2564.631
=	0.24

AVT Natural Products (BOM:519105) 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.

AVT Natural Products's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	2564.631	/	625.8	*	365 / 4
	=	373.96

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.

AVT Natural Products's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	2564.631	/	1541.921
	=	1.66

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.

AVT Natural Products Inventory Turnover Related Terms

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AVT Natural Products (BOM:519105) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AVT Natural Products Ltd (BOM:519105) » Definitions » Inventory Turnover

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AVTNPL:India

Address

60, Rukmani Lakshmipathy Salai, Egmore, Chennai, TN, IND, 600 008

Website

https://www.avtnatural.com

AVT Natural Products Ltd is engaged in the business segment of Food & Feed Ingredients from Natural Raw materials. It manufactures plant-based extracts and natural ingredients solutions for the food, beverage, animal nutrition and nutraceutical industries. There are five business categories: Marigold Extracts for Eye Care, Food Coloring & Poultry Pigmentation; Spice oleoresins and Oils for Food Colouring and Flavouring, Value added Teas - Decaffeinated Teas and Instant Teas; Animal Health & Nutrition Products and Rosemary extract. Geographically, the group has a business presence in India and other countries, of which key revenue is generated from other countries.

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