MRC Agrotech (BOM:540809) Inventory Turnover : 7.61 (As of Dec. 2024)

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What is MRC Agrotech 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. MRC Agrotech's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹50.2 Mil. MRC Agrotech's Average Total Inventories for the quarter that ended in Dec. 2024 was ₹6.6 Mil. MRC Agrotech's Inventory Turnover for the quarter that ended in Dec. 2024 was 7.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MRC Agrotech's Days Inventory for the three months ended in Dec. 2024 was 11.98.

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. MRC Agrotech's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.12.

MRC Agrotech Inventory Turnover Historical Data

The historical data trend for MRC Agrotech'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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MRC Agrotech Inventory Turnover Chart

MRC Agrotech Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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10.92

MRC Agrotech Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															3.07	5.12	1.90	3.71	7.61

MRC Agrotech Inventory Turnover Calculation

MRC Agrotech'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 )
=	144.093	/ (	(0	+	13.191)	/	1 )
=	144.093	/	13.191
=	10.92

MRC Agrotech'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 )
=	50.153	/ (	(9.585	+	3.588)	/	2 )
=	50.153	/	6.5865
=	7.61

MRC Agrotech (BOM:540809) 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.

MRC Agrotech'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
	=	6.5865	/	50.153	*	365 / 4
	=	11.98

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.

MRC Agrotech'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 )
	=	6.5865	/	53.715
	=	0.12

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.

MRC Agrotech Inventory Turnover Related Terms

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MRC Agrotech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » MRC Agrotech Ltd (BOM:540809) » Definitions » Inventory Turnover

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Address

Kurla Andheri Road, Unit No. 1208, The Summit Business Bay, Prakashwadi, Mumbai, MH, IND, 400069

Website

https://www.mrcagro.com

MRC Agrotech Ltd is an India-based company that cultivates, grow, produce, harvest raised, or deal in agricultural produce as agriculturists, farmers, or gardeners and sets up processing unit for import, export, distribution, or deal in agricultural produce of all description, like fruits, vegetable, seeds and herbal products and trade in all the products required for cultivation, harvesting, production, and developments of seeds, vegetable, fruits and herbal items.

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