Mitsu Chem Plast (BOM:540078) Inventory Turnover : 1.28 (As of Mar. 2024)

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What is Mitsu Chem Plast 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. Mitsu Chem Plast's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹527 Mil. Mitsu Chem Plast's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹412 Mil. Mitsu Chem Plast's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mitsu Chem Plast's Days Inventory for the three months ended in Mar. 2024 was 71.22.

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. Mitsu Chem Plast's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.50.

Mitsu Chem Plast Inventory Turnover Historical Data

The historical data trend for Mitsu Chem Plast'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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Mitsu Chem Plast Inventory Turnover Chart

Mitsu Chem Plast Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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6.84

5.98

6.39

6.66

5.53

Mitsu Chem Plast 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															1.70	1.67	1.85	1.70	1.28

Mitsu Chem Plast Inventory Turnover Calculation

Mitsu Chem Plast'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 )
=	2025.178	/ (	(320.722	+	411.7)	/	2 )
=	2025.178	/	366.211
=	5.53

Mitsu Chem Plast'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 )
=	527.476	/ (	(0	+	411.7)	/	1 )
=	527.476	/	411.7
=	1.28

Mitsu Chem Plast (BOM:540078) 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.

Mitsu Chem Plast'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
	=	411.7	/	527.476	*	365 / 4
	=	71.22

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.

Mitsu Chem Plast'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 )
	=	411.7	/	822.731
	=	0.50

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.

Mitsu Chem Plast Inventory Turnover Related Terms

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Mitsu Chem Plast (BOM:540078) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mitsu Chem Plast Ltd (BOM:540078) » Definitions » Inventory Turnover

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890198:India

Address

Din Dayal Upadhyay Marg, 329, 3rd Floor, Gala Complex, Mulund (West), Mumbai, MH, IND, 400080

Website

https://www.mitsuchem.com

Mitsu Chem Plast Ltd is a manufacturer of various products in blow molding, injection molding, and customized molding catering to the specific needs of customers. The products offered by the company include automotive components, molded industrial packaging, healthcare furniture, and infrastructural furniture. It operates in domestic as well as international markets.

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