Sukhjit Starch & Chemicals (BOM:524542) Inventory Turnover : 1.02 (As of Dec. 2024)

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What is Sukhjit Starch & 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. Sukhjit Starch & Chemicals's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹2,714 Mil. Sukhjit Starch & Chemicals's Average Total Inventories for the quarter that ended in Dec. 2024 was ₹2,655 Mil. Sukhjit Starch & Chemicals's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sukhjit Starch & Chemicals's Days Inventory for the three months ended in Dec. 2024 was 89.26.

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. Sukhjit Starch & Chemicals's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.71.

Sukhjit Starch & Chemicals Inventory Turnover Historical Data

The historical data trend for Sukhjit Starch & 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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Sukhjit Starch & Chemicals Inventory Turnover Chart

Sukhjit Starch & Chemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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6.51

4.42

8.56

8.27

5.53

Sukhjit Starch & 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															0.93	1.93	1.27	0.99	1.02

Sukhjit Starch & Chemicals Inventory Turnover Calculation

Sukhjit Starch & 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 )
=	11321.776	/ (	(1789.428	+	2304.822)	/	2 )
=	11321.776	/	2047.125
=	5.53

Sukhjit Starch & 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 )
=	2713.6	/ (	(2654.5	+	0)	/	1 )
=	2713.6	/	2654.5
=	1.02

Sukhjit Starch & Chemicals (BOM:524542) 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.

Sukhjit Starch & 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
	=	2654.5	/	2713.6	*	365 / 4
	=	89.26

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.

Sukhjit Starch & 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 )
	=	2654.5	/	3752.6
	=	0.71

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.

Sukhjit Starch & Chemicals Inventory Turnover Related Terms

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Sukhjit Starch & Chemicals Business Description

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SUKHJITS:India

Address

Sarai Road, Kapurthala District, Phagwara, PB, IND, 144401

Website

https://www.sukhjitgroup.com

Sukhjit Starch & Chemicals Ltd is an India-based manufacturer of starch and its derivatives. The company's operation is divided into four segments namely Starch & its derivatives, Readymade garments, Leasing & hire purchase financing, and Manufacturing of heavy machinery. It derives key revenue from Starch and its derivatives business division. The company products include Maize Starch, Monohydrate Dextrose, Sorbitol 70%, Anhydrous Dextrose, Liquid Glucose, High Maltose Syrup, Malto Dextrin Powder, Modified Starch, Maize Gluten, Maize Germ, Maize Oil, and Maize Bran.

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