ICL Organic Dairy Products (BOM:542935) Inventory Turnover : 12.39 (As of Mar. 2023)

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What is ICL Organic Dairy Products 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. ICL Organic Dairy Products's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹17.74 Mil. ICL Organic Dairy Products's Average Total Inventories for the quarter that ended in Mar. 2023 was ₹1.43 Mil. ICL Organic Dairy Products's Inventory Turnover for the quarter that ended in Mar. 2023 was 12.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ICL Organic Dairy Products's Days Inventory for the six months ended in Mar. 2023 was 14.73.

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. ICL Organic Dairy Products's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.07.

ICL Organic Dairy Products Inventory Turnover Historical Data

The historical data trend for ICL Organic Dairy Products'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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ICL Organic Dairy Products Inventory Turnover Chart

ICL Organic Dairy Products Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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152.04

26.49

19.62

15.36

21.81

ICL Organic Dairy Products Semi-Annual Data
	Mar17	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Inventory Turnover	Get a 7-Day Free Trial					11.43	7.50	7.37	8.25	12.39

ICL Organic Dairy Products Inventory Turnover Calculation

ICL Organic Dairy Products's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	34.38	/ (	(2.161	+	0.991)	/	2 )
=	34.38	/	1.576
=	21.81

ICL Organic Dairy Products's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	17.738	/ (	(1.873	+	0.991)	/	2 )
=	17.738	/	1.432
=	12.39

ICL Organic Dairy Products (BOM:542935) 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.

ICL Organic Dairy Products's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	1.432	/	17.738	*	365 / 2
	=	14.73

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.

ICL Organic Dairy Products's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	1.432	/	19.16
	=	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.

ICL Organic Dairy Products Inventory Turnover Related Terms

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ICL Organic Dairy Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » ICL Organic Dairy Products Ltd (BOM:542935) » Definitions » Inventory Turnover

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Address

Gautam Buddha Nagar, A-105, 3rd Floor, Sector-63, Noida, UP, IND, 201301

Website

https://www.icldairy.co.in

ICL Organic Dairy Products Ltd is engaged in Dairy farming with the main object to products and extracting Milk from cows and distributing the same raw material extracted from the cow and supplying it to sweet shops, retailers, different establishments and households.

ICL Organic Dairy Products Headlines

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