Zeal Aqua (BOM:539963) Inventory Turnover : 0.81 (As of Dec. 2024)

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What is Zeal Aqua 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. Zeal Aqua's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹1,447 Mil. Zeal Aqua's Average Total Inventories for the quarter that ended in Dec. 2024 was ₹1,777 Mil. Zeal Aqua's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zeal Aqua's Days Inventory for the three months ended in Dec. 2024 was 112.07.

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. Zeal Aqua's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.05.

Zeal Aqua Inventory Turnover Historical Data

The historical data trend for Zeal Aqua'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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Zeal Aqua Inventory Turnover Chart

Zeal Aqua Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.02

2.53

2.59

2.41

2.43

Zeal Aqua Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.85	0.45	0.50	0.76	0.81

Zeal Aqua Inventory Turnover Calculation

Zeal Aqua'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 )
=	3603.772	/ (	(1494.341	+	1471.507)	/	2 )
=	3603.772	/	1482.924
=	2.43

Zeal Aqua's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	1446.908	/ (	(1777.009	+	0)	/	1 )
=	1446.908	/	1777.009
=	0.81

Zeal Aqua (BOM:539963) 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.

Zeal Aqua's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	1777.009	/	1446.908	*	365 / 4
	=	112.07

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.

Zeal Aqua's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	1777.009	/	1693.384
	=	1.05

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.

Zeal Aqua Inventory Turnover Related Terms

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Zeal Aqua Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zeal Aqua Ltd (BOM:539963) » Definitions » Inventory Turnover

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Address

Block No. 347, Taluka Olpad, Village Orma, Surat, GJ, IND, 394540

Website

https://www.zealaqua.com

Zeal Aqua Ltd is an Indian company that is mainly engaged in shrimp farming, processing and trading, the operation of fish hatcheries and fish farms, and other service activities incidental to fishing. Its segments are Shrimp medicines and feeds, Shrimp Farming, and Shrimp processing. Its products are tiger shrimp, vannamei shrimp and shrimp feed, and medicines.

Zeal Aqua Headlines

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