Sunshield Chemicals (BOM:530845) Inventory Turnover : 1.36 (As of Mar. 2024)

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What is Sunshield Chemicals 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. Sunshield Chemicals's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹588 Mil. Sunshield Chemicals's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹433 Mil. Sunshield Chemicals's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sunshield Chemicals's Days Inventory for the three months ended in Mar. 2024 was 67.15.

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. Sunshield Chemicals's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.51.

Sunshield Chemicals Inventory Turnover Historical Data

The historical data trend for Sunshield Chemicals'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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Sunshield Chemicals Inventory Turnover Chart

Sunshield Chemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.37

4.68

6.11

5.05

4.84

Sunshield Chemicals 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															1.27	1.26	1.16	1.08	1.36

Sunshield Chemicals Inventory Turnover Calculation

Sunshield Chemicals'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 )
=	1927.7	/ (	(363.7	+	432.8)	/	2 )
=	1927.7	/	398.25
=	4.84

Sunshield Chemicals'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 )
=	588.1	/ (	(0	+	432.8)	/	1 )
=	588.1	/	432.8
=	1.36

Sunshield Chemicals (BOM:530845) 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.

Sunshield Chemicals'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
	=	432.8	/	588.1	*	365 / 4
	=	67.15

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.

Sunshield Chemicals'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 )
	=	432.8	/	855.3
	=	0.51

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.

Sunshield Chemicals Inventory Turnover Related Terms

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Sunshield Chemicals (BOM:530845) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sunshield Chemicals Ltd (BOM:530845) » Definitions » Inventory Turnover

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Address

Pali-Khopoli Road, Village Rasal, Wave Taluka Sudhagad, District Raigad, Post Pali, Mumbai, MH, IND, 410205

Website

https://www.sunshieldchemicals.com

Sunshield Chemicals Ltd is a company engaged in the manufacture and sale of specialty chemicals in domestic and international markets. Its products are Ethoxylates & Propoxylates, THEIC, HQEE, Antioxidants, and Urea Formaldehyde Resin. Its specialty chemicals are used across a range of industries, such as wire insulation enamel, polyvinyl chloride stabilizers, inks, colors, coatings, textiles, agrochemicals, polymers, plastics, rubber, latex, tire and tubes, conveyor belts, lubricants, additives, and home care. It operates only in one segment namely Specialty Chemicals and generates its revenue from India.

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