HCP Plastene Bulkpack (BOM:526717) Inventory Turnover : 1.38 (As of Mar. 2024)

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What is HCP Plastene Bulkpack 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. HCP Plastene Bulkpack's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹491 Mil. HCP Plastene Bulkpack's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹357 Mil. HCP Plastene Bulkpack's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HCP Plastene Bulkpack's Days Inventory for the three months ended in Mar. 2024 was 66.36.

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. HCP Plastene Bulkpack's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.47.

HCP Plastene Bulkpack Inventory Turnover Historical Data

The historical data trend for HCP Plastene Bulkpack'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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HCP Plastene Bulkpack Inventory Turnover Chart

HCP Plastene Bulkpack Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.25

3.88

6.06

9.98

6.36

HCP Plastene Bulkpack 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															2.12	1.56	2.17	2.19	1.38

HCP Plastene Bulkpack Inventory Turnover Calculation

HCP Plastene Bulkpack'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 )
=	2002.515	/ (	(273.048	+	357.077)	/	2 )
=	2002.515	/	315.0625
=	6.36

HCP Plastene Bulkpack'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 )
=	491.001	/ (	(0	+	357.077)	/	1 )
=	491.001	/	357.077
=	1.38

HCP Plastene Bulkpack (BOM:526717) 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.

HCP Plastene Bulkpack'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
	=	357.077	/	491.001	*	365 / 4
	=	66.36

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.

HCP Plastene Bulkpack'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 )
	=	357.077	/	766.346
	=	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.

HCP Plastene Bulkpack Inventory Turnover Related Terms

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HCP Plastene Bulkpack (BOM:526717) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » HCP Plastene Bulkpack Ltd (BOM:526717) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

13, Nav Bharat society, H.B.Jirawala House, Usmanpura, Ahmedabad, GJ, IND, 380013

Website

http://www.gopalapolyplast.com

HCP Plastene Bulkpack Ltd, formerly Gopala Polyplast Ltd manufactures and sells woven sacks and labels primarily in India. The company provides high-density polyethylene woven bags & sacks and textile woven labels. The firm operates its business through two segments: Woven Sacks and Woven Label. The Woven Sacks segment which accounts for a majority of the firm's revenue offers package solutions to the manufacturing and cement industries. Its products include Bopp Laminated PP Woven Bags, Woven Fabric / Label / Laces, PP Woven Sacks, and AD*STAR bags which are used for cement packaging. Geographically all the activities function through the region of India.

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