Ovobel Foods (BOM:530741) Inventory Turnover : 1.84 (As of Dec. 2024)

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What is Ovobel Foods 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. Ovobel Foods's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹438 Mil. Ovobel Foods's Average Total Inventories for the quarter that ended in Dec. 2024 was ₹238 Mil. Ovobel Foods's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ovobel Foods's Days Inventory for the three months ended in Dec. 2024 was 49.50.

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. Ovobel Foods's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.47.

Ovobel Foods Inventory Turnover Historical Data

The historical data trend for Ovobel Foods'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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Ovobel Foods Inventory Turnover Chart

Ovobel Foods Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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7.08

6.90

6.53

7.95

5.93

Ovobel Foods Quarterly Data
	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial														1.56	1.25	1.44	1.36	1.84

Ovobel Foods Inventory Turnover Calculation

Ovobel Foods'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 )
=	1276.574	/ (	(180.26	+	250.576)	/	2 )
=	1276.574	/	215.418
=	5.93

Ovobel Foods's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	438.351	/ (	(237.769	+	0)	/	1 )
=	438.351	/	237.769
=	1.84

Ovobel Foods (BOM:530741) 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.

Ovobel Foods's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	237.769	/	438.351	*	365 / 4
	=	49.50

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.

Ovobel Foods's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	237.769	/	511.122
	=	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.

Ovobel Foods Inventory Turnover Related Terms

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Ovobel Foods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ovobel Foods Ltd (BOM:530741) » Definitions » Inventory Turnover

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Address

3rd Cross, Aga Abbas Ali Road, No 46, Old No 32/1, Ground Floor, Ulsoor, Bangalore, KA, IND, 560042

Website

https://www.ovobelfoods.com

Ovobel Foods Ltd is engaged in the manufacture and sale of egg powder. The company mainly manufactures and exports egg powder and frozen eggs. Its products include hen whole egg powder, hen egg yolk powder, hen egg albumen powder, pasteurized frozen hen whole egg, and pasteurized frozen hen egg albumen.

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