Radico Khaitan (BOM:532497) Inventory Turnover : 0.82 (As of Mar. 2024)

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What is Radico Khaitan 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. Radico Khaitan's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹6,367 Mil. Radico Khaitan's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹7,797 Mil. Radico Khaitan's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Radico Khaitan's Days Inventory for the three months ended in Mar. 2024 was 111.75.

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. Radico Khaitan's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.72.

Radico Khaitan Inventory Turnover Historical Data

The historical data trend for Radico Khaitan'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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Radico Khaitan Inventory Turnover Chart

Radico Khaitan Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.45

2.83

3.08

2.92

3.17

Radico Khaitan 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															0.69	0.75	0.62	0.80	0.82

Radico Khaitan Inventory Turnover Calculation

Radico Khaitan'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 )
=	23664.865	/ (	(7154.181	+	7796.857)	/	2 )
=	23664.865	/	7475.519
=	3.17

Radico Khaitan'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 )
=	6366.514	/ (	(0	+	7796.857)	/	1 )
=	6366.514	/	7796.857
=	0.82

Radico Khaitan (BOM:532497) 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.

Radico Khaitan'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
	=	7796.857	/	6366.514	*	365 / 4
	=	111.75

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.

Radico Khaitan'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 )
	=	7796.857	/	10786.832
	=	0.72

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.

Radico Khaitan Inventory Turnover Related Terms

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Radico Khaitan (BOM:532497) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Radico Khaitan Ltd (BOM:532497) » Definitions » Inventory Turnover

Traded in Other Exchanges

RADICO:India

Address

Mathura Road, Plot No. J-1, Block B-1, Mohan Co-operative Industrial Area, New Delhi, IND, 110044

Website

https://www.radicokhaitan.com

Radico Khaitan Ltd is an India-based liquor manufacturing company. Its products include whiskey, vodka, rum, brandy, and gin. The company's brand portfolio includes After Dark Whisky, Contessa Rum, Magic Moments Vodka, Morpheus Brandy, Old Admiral Brandy, and 8 PM Whisky. It has three distilleries in Rampur, Uttar Pradesh, and one in Aurangabad, Maharashtra. It produces extra neutral alcohol from molasses, as well as grain. It produces malt spirit and aged grain spirit, as well as matured malt spirit.

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