Raghuvansh Agrofarms (BOM:538921) Inventory Turnover : 8.82 (As of Mar. 2024)

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What is Raghuvansh Agrofarms 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. Raghuvansh Agrofarms's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹58.8 Mil. Raghuvansh Agrofarms's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹6.7 Mil. Raghuvansh Agrofarms's Inventory Turnover for the quarter that ended in Mar. 2024 was 8.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Raghuvansh Agrofarms's Days Inventory for the six months ended in Mar. 2024 was 20.69.

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. Raghuvansh Agrofarms's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.

Raghuvansh Agrofarms Inventory Turnover Historical Data

The historical data trend for Raghuvansh Agrofarms'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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Raghuvansh Agrofarms Inventory Turnover Chart

Raghuvansh Agrofarms Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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6.40

3.38

7.40

6.82

10.28

Raghuvansh Agrofarms Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial											5.61	4.81	1.82	5.49	8.82

Raghuvansh Agrofarms Inventory Turnover Calculation

Raghuvansh Agrofarms'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 )
=	85.056	/ (	(6.384	+	10.159)	/	2 )
=	85.056	/	8.2715
=	10.28

Raghuvansh Agrofarms'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	58.827	/ (	(3.179	+	10.159)	/	2 )
=	58.827	/	6.669
=	8.82

Raghuvansh Agrofarms (BOM:538921) 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.

Raghuvansh Agrofarms's Days Inventory for the six 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
	=	6.669	/	58.827	*	365 / 2
	=	20.69

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.

Raghuvansh Agrofarms'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 )
	=	6.669	/	95.704
	=	0.07

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.

Raghuvansh Agrofarms Inventory Turnover Related Terms

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Raghuvansh Agrofarms (BOM:538921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Raghuvansh Agrofarms Ltd (BOM:538921) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

14/113, Civil Lines, Cabin No.559, Third Floor, Padam Tower-I, Kanpur, UP, IND, 208001

Website

https://www.raghuvanshagro.com

Raghuvansh Agrofarms Ltd is an Indian agricultural company engaged in the provision of agro commodity trading business. The company's activities include cultivation, processing, and distribution of agricultural products. It also involved in dairy farming and production and distribution of dairy products. The company offers financial, technical, strategic assistance to agricultural and dairy businesses. Its products cover organic vegetables, grains, milk, dairy, vermicompost, wheatgrass as well as fertilizers and ornamental plants.

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