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Concord Biotech (BOM:543960) Inventory Turnover : 0.64 (As of Mar. 2024)


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What is Concord Biotech 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. Concord Biotech's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹1,359 Mil. Concord Biotech's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹2,139 Mil. Concord Biotech's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Concord Biotech's Days Inventory for the six months ended in Mar. 2024 was 287.19.

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. Concord Biotech's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.38.

Concord Biotech Inventory Turnover Historical Data

The historical data trend for Concord Biotech'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.

* Premium members only.

Concord Biotech Inventory Turnover Chart

Concord Biotech Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Inventory Turnover
1.24 0.91 1.02 0.88 1.09

Concord Biotech Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24
Inventory Turnover Get a 7-Day Free Trial - 0.38 0.58 0.43 0.64

Concord Biotech Inventory Turnover Calculation

Concord Biotech'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 )
=2291.981 / ((2123.15 + 2079.538) / 2 )
=2291.981 / 2101.344
=1.09

Concord Biotech'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 )
=1359.31 / ((2198.571 + 2079.538) / 2 )
=1359.31 / 2139.0545
=0.64

* 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.

Concord Biotech  (BOM:543960) 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.

Concord Biotech'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
=2139.0545/1359.31*365 / 2
=287.19

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.

Concord Biotech'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 )
=2139.0545 / 5597.659
=0.38

* 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.

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.

Concord Biotech Inventory Turnover Related Terms

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Concord Biotech (BOM:543960) Business Description

Industry
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Traded in Other Exchanges
CONCORDBIO:India
Address
Iscon Cross Road, S.G. Highway, 16th floor, B-Wing, Mondeal Heights, Ahmedabad, GJ, IND, 380015
Website
https://www.concordbiotech.com
Concord Biotech Ltd is a Research & development-driven biopharma Company that manufactures Active Pharmaceutical Ingredients (API) through fermentation & semi-synthetic process and finished formulations.

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