Polyspin Exports (BOM:539354) Inventory Turnover : 0.84 (As of Mar. 2024)

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What is Polyspin Exports 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. Polyspin Exports's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹309 Mil. Polyspin Exports's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹368 Mil. Polyspin Exports's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Polyspin Exports's Days Inventory for the three months ended in Mar. 2024 was 108.63.

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. Polyspin Exports's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.75.

Polyspin Exports Inventory Turnover Historical Data

The historical data trend for Polyspin Exports'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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Polyspin Exports Inventory Turnover Chart

Polyspin Exports Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.56

4.82

5.30

3.28

2.99

Polyspin Exports 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															0.60	0.84	0.79	0.85	0.84

Polyspin Exports Inventory Turnover Calculation

Polyspin Exports'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 )
=	1241.179	/ (	(462.431	+	368.081)	/	2 )
=	1241.179	/	415.256
=	2.99

Polyspin Exports'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 )
=	309.185	/ (	(0	+	368.081)	/	1 )
=	309.185	/	368.081
=	0.84

Polyspin Exports (BOM:539354) 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.

Polyspin Exports'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
	=	368.081	/	309.185	*	365 / 4
	=	108.63

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.

Polyspin Exports'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 )
	=	368.081	/	488.787
	=	0.75

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.

Polyspin Exports Inventory Turnover Related Terms

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Polyspin Exports (BOM:539354) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Polyspin Exports Ltd (BOM:539354) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1, Railway Feeder Road, Cholapuram South, Rajapalayam, TN, IND, 626139

Website

http://www.polyspin.org

Polyspin Exports Ltd is engaged in the manufacturing, selling, and export of polypropylene woven flexible intermediate bulk container bags. It offers products, such as Baffle/Q bags, Tubular coated bags, Asbestos plate bags, Normal u-panel bags, Container bags, Full discharge bags, One/two-loop bags, Single/double/triple sift-proof bags, UN certified bags, Under sling bags, and Circular bulk bags. The segments of the group are FIBC Bags, Fabric, Yarn, which is the prime revenue driver; and Cotton Yarn. The group sells its products in India and also exports it to the other countries.

Polyspin Exports (BOM:539354) Headlines

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