Stanpacks (India) (BOM:530931) Inventory Turnover : 0.45 (As of Mar. 2024)

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What is Stanpacks (India) 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. Stanpacks (India)'s Cost of Goods Sold for the three months ended in Mar. 2024 was ₹42.4 Mil. Stanpacks (India)'s Average Total Inventories for the quarter that ended in Mar. 2024 was ₹93.2 Mil. Stanpacks (India)'s Inventory Turnover for the quarter that ended in Mar. 2024 was 0.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Stanpacks (India)'s Days Inventory for the three months ended in Mar. 2024 was 200.70.

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. Stanpacks (India)'s Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.46.

Stanpacks (India) Inventory Turnover Historical Data

The historical data trend for Stanpacks (India)'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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Stanpacks (India) Inventory Turnover Chart

Stanpacks (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.12

1.31

1.73

1.60

1.80

Stanpacks (India) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.37	0.33	0.54	0.29	0.45

Stanpacks (India) Inventory Turnover Calculation

Stanpacks (India)'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 )
=	189.577	/ (	(117.794	+	93.199)	/	2 )
=	189.577	/	105.4965
=	1.80

Stanpacks (India)'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 )
=	42.374	/ (	(0	+	93.199)	/	1 )
=	42.374	/	93.199
=	0.45

Stanpacks (India) (BOM:530931) 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.

Stanpacks (India)'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
	=	93.199	/	42.374	*	365 / 4
	=	200.70

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.

Stanpacks (India)'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 )
	=	93.199	/	63.658
	=	1.46

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.

Stanpacks (India) Inventory Turnover Related Terms

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Stanpacks (India) (BOM:530931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Stanpacks (India) Ltd (BOM:530931) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Nowroji Road, Chetpet, S. K. Enclave, New No. 4 (Old No. 47), Chennai, TN, IND, 600031

Website

http://www.blissgroup.com

Stanpacks (India) Ltd is an India based company operating in the packaging industry by manufacturing waterproof packing materials. It operates in the business segment of producing Polypropylene(PP) bags in India. The products of the group include woven sacks, PP kraft paper laminated bags, multi-wall paper bags, hessian rolls bags, poly-coated paper, waterproof paper and wax paper. In addition, the firm also manufactures engineering products such as FIBC filling machines and FIBC discharging machines.

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