Tatva Chintan Pharma Chem (BOM:543321) Inventory Turnover : 0.37 (As of Jun. 2024)

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What is Tatva Chintan Pharma Chem 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. Tatva Chintan Pharma Chem's Cost of Goods Sold for the three months ended in Jun. 2024 was ₹570 Mil. Tatva Chintan Pharma Chem's Average Total Inventories for the quarter that ended in Jun. 2024 was ₹1,528 Mil. Tatva Chintan Pharma Chem's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tatva Chintan Pharma Chem's Days Inventory for the three months ended in Jun. 2024 was 244.56.

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. Tatva Chintan Pharma Chem's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.45.

Tatva Chintan Pharma Chem Inventory Turnover Historical Data

The historical data trend for Tatva Chintan Pharma Chem'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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Tatva Chintan Pharma Chem Inventory Turnover Chart

Tatva Chintan Pharma Chem Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.79

2.34

1.72

1.41

1.16

Tatva Chintan Pharma Chem Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial													0.36	0.26	0.26	0.33	0.37

Tatva Chintan Pharma Chem Inventory Turnover Calculation

Tatva Chintan Pharma Chem'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 )
=	1834.71	/ (	(1624.98	+	1527.66)	/	2 )
=	1834.71	/	1576.32
=	1.16

Tatva Chintan Pharma Chem's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	569.99	/ (	(1527.66	+	0)	/	1 )
=	569.99	/	1527.66
=	0.37

Tatva Chintan Pharma Chem (BOM:543321) 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.

Tatva Chintan Pharma Chem's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	1527.66	/	569.99	*	365 / 4
	=	244.56

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.

Tatva Chintan Pharma Chem's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	1527.66	/	1054.64
	=	1.45

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.

Tatva Chintan Pharma Chem Inventory Turnover Related Terms

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Tatva Chintan Pharma Chem Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tatva Chintan Pharma Chem Ltd (BOM:543321) » Definitions » Inventory Turnover

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TATVA:India

Address

Plot No. 353, Makarpura GIDC, Vadodara, GJ, IND, 390010

Website

https://www.tatvachintan.com

Tatva Chintan Pharma Chem Ltd is a specialty chemicals manufacturing company engaged in the manufacturing and selling of specialty chemicals, Pharma and Agro intermediates, Quaternary Compounds, and Quats. The company's product portfolio includes structure-directing agents, phase transfer catalysts, electrolyte salts for supercapacitor batteries, pharmaceutical and agrochemical intermediates and other specialty chemicals. The company sells its products in domestic as well as overseas markets, with the majority of revenue coming from overseas markets.

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