Gandhar Oil Refinery (India) (BOM:544029) Inventory Turnover : 1.87 (As of Mar. 2024)

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What is Gandhar Oil Refinery (India) 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. Gandhar Oil Refinery (India)'s Cost of Goods Sold for the three months ended in Mar. 2024 was ₹8,379 Mil. Gandhar Oil Refinery (India)'s Average Total Inventories for the quarter that ended in Mar. 2024 was ₹4,477 Mil. Gandhar Oil Refinery (India)'s Inventory Turnover for the quarter that ended in Mar. 2024 was 1.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gandhar Oil Refinery (India)'s Days Inventory for the three months ended in Mar. 2024 was 48.76.

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. Gandhar Oil Refinery (India)'s Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.48.

Gandhar Oil Refinery (India) Inventory Turnover Historical Data

The historical data trend for Gandhar Oil Refinery (India)'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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Gandhar Oil Refinery (India) Inventory Turnover Chart

Gandhar Oil Refinery (India) Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

8.44

11.19

9.20

8.10

Gandhar Oil Refinery (India) Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial			3.01	1.94	2.04	2.03	1.87

Gandhar Oil Refinery (India) Inventory Turnover Calculation

Gandhar Oil Refinery (India)'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 )
=	36403.44	/ (	(4508.66	+	4477.47)	/	2 )
=	36403.44	/	4493.065
=	8.10

Gandhar Oil Refinery (India)'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: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	8378.63	/ (	(0	+	4477.47)	/	1 )
=	8378.63	/	4477.47
=	1.87

Gandhar Oil Refinery (India) (BOM:544029) 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.

Gandhar Oil Refinery (India)'s Days Inventory for the three 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
	=	4477.47	/	8378.63	*	365 / 4
	=	48.76

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.

Gandhar Oil Refinery (India)'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 )
	=	4477.47	/	9392.41
	=	0.48

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.

Gandhar Oil Refinery (India) Inventory Turnover Related Terms

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Gandhar Oil Refinery (India) (BOM:544029) Business Description

Industry

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GANDHAR:India

Address

S.V. Road, 18th floor, DLH Park, Goregaon West, Mumbai, MH, IND, 400 062

Website

https://www.gandharoil.com

Gandhar Oil Refinery (India) Ltd is a manufacturer of white oils with a growing focus on the consumer and healthcare end industries. The Company is engaged in three segments namely, manufacturing and trading of petroleum products/specialty oils, trading of non-coking coal, and providing consignment, del-credere agency services for sale of polymers to local markets.

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