TPL Plastech (BOM:526582) Inventory Turnover : 0.93 (As of Mar. 2024)

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What is TPL Plastech 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. TPL Plastech's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹651 Mil. TPL Plastech's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹697 Mil. TPL Plastech's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TPL Plastech's Days Inventory for the three months ended in Mar. 2024 was 97.68.

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. TPL Plastech's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.84.

TPL Plastech Inventory Turnover Historical Data

The historical data trend for TPL Plastech'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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TPL Plastech Inventory Turnover Chart

TPL Plastech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.09

2.53

3.44

3.69

3.83

TPL Plastech 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															0.96	0.92	0.94	0.98	0.93

TPL Plastech Inventory Turnover Calculation

TPL Plastech'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 )
=	2479.504	/ (	(596.925	+	696.793)	/	2 )
=	2479.504	/	646.859
=	3.83

TPL Plastech'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 )
=	650.896	/ (	(0	+	696.793)	/	1 )
=	650.896	/	696.793
=	0.93

TPL Plastech (BOM:526582) 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.

TPL Plastech'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
	=	696.793	/	650.896	*	365 / 4
	=	97.68

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.

TPL Plastech'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 )
	=	696.793	/	827.335
	=	0.84

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.

TPL Plastech Inventory Turnover Related Terms

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TPL Plastech (BOM:526582) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » TPL Plastech Ltd (BOM:526582) » Definitions » Inventory Turnover

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TPLPLASTEH:India

Address

Andheri Kurla Road, 203, 2nd Floor, Centre Point, Near J B Nagar Chakala Metro Station, J B Nagar, , Andheri (East), Mumbai, MH, IND, 400059

Website

https://www.tplplastech.in

TPL Plastech Ltd is a manufacturer of plastic drums in India. The company's product includes Narrow mouth drums; Narrow mouth and Wide Mouth Carboys; Open Top Drums - Bulk and Medium; QuBC and COBO IBC and small pack. The Company's operations fall under a single segment which is Polymer Products and all its business operations are in India.

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