Organic Recycling Systems (BOM:543997) Inventory Turnover : 4.10 (As of Mar. 2024)

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What is Organic Recycling Systems 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. Organic Recycling Systems's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹54.1 Mil. Organic Recycling Systems's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹13.2 Mil. Organic Recycling Systems's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Organic Recycling Systems's Days Inventory for the six months ended in Mar. 2024 was 44.47.

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. Organic Recycling Systems's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.09.

Organic Recycling Systems Inventory Turnover Historical Data

The historical data trend for Organic Recycling Systems'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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Organic Recycling Systems Inventory Turnover Chart

Organic Recycling Systems Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

11.48

7.05

6.15

1.91

6.81

Organic Recycling Systems Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial			-	-	-	1.36	4.10

Organic Recycling Systems Inventory Turnover Calculation

Organic Recycling Systems'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 )
=	70.247	/ (	(8.97	+	11.667)	/	2 )
=	70.247	/	10.3185
=	6.81

Organic Recycling Systems'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 )
=	54.138	/ (	(14.717	+	11.667)	/	2 )
=	54.138	/	13.192
=	4.10

Organic Recycling Systems (BOM:543997) 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.

Organic Recycling Systems'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
	=	13.192	/	54.138	*	365 / 2
	=	44.47

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.

Organic Recycling Systems'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 )
	=	13.192	/	149.134
	=	0.09

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.

Organic Recycling Systems Inventory Turnover Related Terms

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Organic Recycling Systems (BOM:543997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Organic Recycling Systems Ltd (BOM:543997) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Plot No. 9, Sector-17, Office No. 1003, 10th Floor, The Affaires, Sanpada, Navi Mumbai, MH, IND, 400705

Website

https://www.organicrecycling.co.in

Organic Recycling Systems Ltd is an engineering company focused on environmental solutions and provides waste management solutions across waste types and across the value chain. The company has been a forerunner in providing sustainable waste management solutions in India. It primarily focuses on developing robust, cost-effective & environment-friendly technologies that are simple to operate. It has proven technology and capability of successfully running one of India's first Waste to Energy (WTE) plants developed on anaerobic bio methanation technology. It has also set up an MSW processing and disposal plant in Solapur, Maharashtra to convert Municipal Solid Waste (MSW) into electricity and compost.

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