MRP Agro (BOM:543262) Inventory Turnover : 23.55 (As of Mar. 2024)

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What is MRP Agro 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. MRP Agro's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹279.8 Mil. MRP Agro's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹11.9 Mil. MRP Agro's Inventory Turnover for the quarter that ended in Mar. 2024 was 23.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MRP Agro's Days Inventory for the six months ended in Mar. 2024 was 7.75.

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. MRP Agro's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.

MRP Agro Inventory Turnover Historical Data

The historical data trend for MRP Agro'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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MRP Agro Inventory Turnover Chart

MRP Agro Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

1,195.89

34.65

14.05

13.37

73.45

MRP Agro Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial				5.70	6.28	9.16	8.37	23.55

MRP Agro Inventory Turnover Calculation

MRP Agro'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 )
=	413.328	/ (	(9.701	+	1.554)	/	2 )
=	413.328	/	5.6275
=	73.45

MRP Agro'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	279.802	/ (	(22.212	+	1.554)	/	2 )
=	279.802	/	11.883
=	23.55

MRP Agro (BOM:543262) 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.

MRP Agro's Days Inventory for the six 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
	=	11.883	/	279.802	*	365 / 2
	=	7.75

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.

MRP Agro'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 )
	=	11.883	/	290.973
	=	0.04

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.

MRP Agro Inventory Turnover Related Terms

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MRP Agro (BOM:543262) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » MRP Agro Ltd (BOM:543262) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Civil Line Road, House No.100, First Floor, Ward No.23, Infront of Thane Ajak, Tikamgarh, MP, IND, 472001

Website

http://www.mrpagro.com

MRP Agro Ltd is engaged in trading and import and export of food grains, fly-ash, and coal products.

MRP Agro (BOM:543262) Headlines

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