Indrayani Biotech (BOM:526445) Inventory Turnover : 1.33 (As of Dec. 2023)

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What is Indrayani Biotech 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. Indrayani Biotech's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹244 Mil. Indrayani Biotech's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹183 Mil. Indrayani Biotech's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Indrayani Biotech's Days Inventory for the three months ended in Dec. 2023 was 68.48.

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. Indrayani Biotech's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.47.

Indrayani Biotech Inventory Turnover Historical Data

The historical data trend for Indrayani Biotech'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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Indrayani Biotech Inventory Turnover Chart

Indrayani Biotech Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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6.40

5.12

31.30

14.87

Indrayani Biotech 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															2.60	2.61	2.31	1.34	1.33

Indrayani Biotech Inventory Turnover Calculation

Indrayani Biotech'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 )
=	1022.144	/ (	(15.323	+	122.139)	/	2 )
=	1022.144	/	68.731
=	14.87

Indrayani Biotech'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 )
=	244.449	/ (	(183.461	+	0)	/	1 )
=	244.449	/	183.461
=	1.33

Indrayani Biotech (BOM:526445) 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.

Indrayani Biotech'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
	=	183.461	/	244.449	*	365 / 4
	=	68.48

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.

Indrayani Biotech'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 )
	=	183.461	/	390.927
	=	0.47

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.

Indrayani Biotech Inventory Turnover Related Terms

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Indrayani Biotech (BOM:526445) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Indrayani Biotech Ltd (BOM:526445) » Definitions » Inventory Turnover

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Address

Module No. 32-33, Block 1, 3rd Floor, SIDCO Electronic Complex, Thiru-vi-ka Industrial Estate, Guindy, Chennai, TN, IND, 600032

Website

https://www.indrayani.com

Indrayani Biotech Ltd operates in the Tri-segment i.e. Foods & Hospitality, Engineering and Healthcare divisions. The company generates its revenue from the sale of food, beverages, sale of Milk products & related services, sale of Engineering products & others, and sale of services. The majority of its revenue is generated from the sale of Milk products & related services.

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