Fenoplast (BOM:526689) Inventory Turnover: 0.73 (As of Mar. 2020)

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BOM:526689 Fenoplast Ltd BOM:526689
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Price ₹13.04
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What is Fenoplast Inventory Turnover?

Fenoplast BOM:526689 4 Inventory Turnover is 0.73 as of Mar. 2020. GuruFocus rates BOM:526689 with a GF Score™ of 4/100.

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. Fenoplast's Cost of Goods Sold for the three months ended in Mar. 2020 was ₹435 Mil. Fenoplast's Average Total Inventories for the quarter that ended in Mar. 2020 was ₹599 Mil. Fenoplast's Inventory Turnover for the quarter that ended in Mar. 2020 was 0.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fenoplast's Days Inventory for the three months ended in Mar. 2020 was 125.64.

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. Fenoplast's Inventory-to-Revenue for the quarter that ended in Mar. 2020 was 2.40.

Fenoplast  (BOM:526689) 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.

Fenoplast's Days Inventory for the three months ended in Mar. 2020 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2020 )/Cost of Goods Sold (Q: Mar. 2020 )*Days in Period
=598.59/434.729*365 / 4
=125.64

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.

Fenoplast's Inventory to Revenue for the quarter that ended in Mar. 2020 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2020 ) / Revenue (Q: Mar. 2020 )
=598.59 / 249.432
=2.40

* 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.

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.

Fenoplast Inventory Turnover Related Terms

Fenoplast Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Fenoplast'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.

Fenoplast Inventory Turnover Chart

Fenoplast Annual Data
Trend Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.34 4.02 3.71 2.40 1.50

Fenoplast Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.54 0.24 0.27 0.23 0.73
BOM:526689
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Fenoplast Ltd BOM:526689
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Fenoplast Inventory Turnover Calculation

Fenoplast's Inventory Turnover for the fiscal year that ended in Mar. 2020 is calculated as

Inventory Turnover (A: Mar. 2020 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2020 ) / ((Total Inventories (A: Mar. 2019 ) + Total Inventories (A: Mar. 2020 )) / count )
=939.674 / ((652.847 + 598.59) / 2 )
=939.674 / 625.7185
=1.50

Fenoplast's Inventory Turnover for the quarter that ended in Mar. 2020 is calculated as

Inventory Turnover (Q: Mar. 2020 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2020 ) / ((Total Inventories (Q: Dec. 2019 ) + Total Inventories (Q: Mar. 2020 )) / count )
=434.729 / ((0 + 598.59) / 1 )
=434.729 / 598.59
=0.73

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.73 mean?
Fenoplast (BOM:526689) has a Inventory Turnover of 0.73 as of Mar. 2020. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Fenoplast and its competitors.
Is Fenoplast's Inventory Turnover too high?
Fenoplast's current Inventory Turnover is 0.73. Overall, Fenoplast has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Fenoplast's Inventory Turnover compare to LIN and ECL?
Fenoplast's Inventory Turnover of 0.73 can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Chemicals company?
A good Inventory Turnover depends on the Chemicals industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Fenoplast and its competitors. Fenoplast's current Inventory Turnover is 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fenoplast stock overvalued right now?
Fenoplast (BOM:526689) has a current Inventory Turnover of 0.73. The current Inventory Turnover is 0.73. Fenoplast's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Fenoplast (BOM:526689), the current Inventory Turnover is 0.73 as of Mar. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Fenoplast Business Description

Address 306-308, Chenoy Trade Centre, Parklane, Secunderabad, TG, IND, 500003
Fenoplast Ltd manufactures PVC Film and PVC Leather Cloth. PVC Film is used in the pharma industry for tablets packaging, healthcare products packaging and in the packaging of consumer goods like shaving products, tooth brushes, batteries, tools, and toys, among others. PVC Leather Cloth is used for car upholstery, motor cycle seat covers, auto rickshaw hoods and seats, tractors, trucks, and buses. It is also used for making ladies bags and footwear. The company's segments include PVC Leather Cloth and PVC Film. Majority of the revenue is derived from PVC Film segment. Its operations are spread in India and outside India.
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