Vipul Organics (BOM:530627) Inventory Turnover : 0.67 (As of Dec. 2023)

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What is Vipul Organics 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. Vipul Organics's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹245 Mil. Vipul Organics's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹367 Mil. Vipul Organics's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vipul Organics's Days Inventory for the three months ended in Dec. 2023 was 136.33.

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. Vipul Organics's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.98.

Vipul Organics Inventory Turnover Historical Data

The historical data trend for Vipul Organics'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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Vipul Organics Inventory Turnover Chart

Vipul Organics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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7.78

5.19

4.70

3.51

2.60

Vipul Organics 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															0.52	0.53	0.70	0.65	0.67

Vipul Organics Inventory Turnover Calculation

Vipul Organics'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 )
=	859.249	/ (	(307.986	+	353.943)	/	2 )
=	859.249	/	330.9645
=	2.60

Vipul Organics'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 )
=	245.464	/ (	(366.732	+	0)	/	1 )
=	245.464	/	366.732
=	0.67

Vipul Organics (BOM:530627) 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.

Vipul Organics'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
	=	366.732	/	245.464	*	365 / 4
	=	136.33

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.

Vipul Organics'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 )
	=	366.732	/	374.21
	=	0.98

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.

Vipul Organics Inventory Turnover Related Terms

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Vipul Organics (BOM:530627) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Vipul Organics Ltd (BOM:530627) » Definitions » Inventory Turnover

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Address

Off. Western Express Highway, Sahar Road, B-603, Kaledonia, Andheri (East), Mumbai, MH, IND, 400069

Website

https://www.vipulorganics.com

Vipul Organics Ltd is engaged in the business of Dyestuff, Organic pigments and Organic intermediates in India and internationally. The company manufactures various products such as pigment powder, pigment dispersions, reactive dyes, direct dyes, acid dyes, naphthols, fast color bases, fast color salts, vat dyes and vat paste, basic dyes, food colors and lake colors, intermediates for dyestuffs and pigments, and herbal extracts. In addition, it serves various industries ranging from textile, paint, printing ink, cosmetics and food industry, plastic and much more. It derives key revenue from the exporting its products outside India.

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