Hatsun Agro Product (BOM:531531) Inventory Turnover : 0.98 (As of Mar. 2024)

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What is Hatsun Agro Product 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. Hatsun Agro Product's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹14,193 Mil. Hatsun Agro Product's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹14,523 Mil. Hatsun Agro Product's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hatsun Agro Product's Days Inventory for the three months ended in Mar. 2024 was 93.37.

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. Hatsun Agro Product's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.71.

Hatsun Agro Product Inventory Turnover Historical Data

The historical data trend for Hatsun Agro Product'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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Hatsun Agro Product Inventory Turnover Chart

Hatsun Agro Product Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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9.72

8.07

7.51

8.74

5.54

Hatsun Agro Product 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															2.27	2.69	1.60	1.57	0.98

Hatsun Agro Product Inventory Turnover Calculation

Hatsun Agro Product'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 )
=	56190.199	/ (	(5762.476	+	14523.24)	/	2 )
=	56190.199	/	10142.858
=	5.54

Hatsun Agro Product'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 )
=	14193.413	/ (	(0	+	14523.24)	/	1 )
=	14193.413	/	14523.24
=	0.98

Hatsun Agro Product (BOM:531531) 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.

Hatsun Agro Product'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
	=	14523.24	/	14193.413	*	365 / 4
	=	93.37

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.

Hatsun Agro Product'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 )
	=	14523.24	/	20468.722
	=	0.71

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.

Hatsun Agro Product Inventory Turnover Related Terms

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Hatsun Agro Product (BOM:531531) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hatsun Agro Product Ltd (BOM:531531) » Definitions » Inventory Turnover

Traded in Other Exchanges

HATSUN:India

Address

Plot No. 14, TNHB, Tamil Nadu Housing Board 'A' Road, Sholinganallur, Chennai, TN, IND, 600 119

Website

https://www.hap.in

Hatsun Agro Product Ltd provides a range of dairy products for the areas of cooking and consumption. Its products include milk, curd, ice creams, dairy whitener, skimmed milk powder, ghee, paneer, cattle feed, and others. The firm markets its products under Arokya, Hatsun, Arun, and Ibaco brand names. The company operates in single-segment Milk and Milk products. The company derives the majority of its revenue from the Milk and Milk products segment. Geographically, it generates maximum revenue from India.

Hatsun Agro Product (BOM:531531) Headlines

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