Mayank Cattle Food (BOM:544106) Inventory Turnover : 5.04 (As of Sep. 2024)

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What is Mayank Cattle Food 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. Mayank Cattle Food's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹1,663 Mil. Mayank Cattle Food's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹330 Mil. Mayank Cattle Food's Inventory Turnover for the quarter that ended in Sep. 2024 was 5.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mayank Cattle Food's Days Inventory for the six months ended in Sep. 2024 was 36.18.

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. Mayank Cattle Food's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.18.

Mayank Cattle Food Inventory Turnover Historical Data

The historical data trend for Mayank Cattle Food'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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Mayank Cattle Food Inventory Turnover Chart

Mayank Cattle Food Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

11.63

16.52

12.56

9.61

Mayank Cattle Food Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24	Sep24
Inventory Turnover	-	-	-	-	5.04

Mayank Cattle Food Inventory Turnover Calculation

Mayank Cattle Food'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 )
=	2756.52	/ (	(248.256	+	325.593)	/	2 )
=	2756.52	/	286.9245
=	9.61

Mayank Cattle Food's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	1662.588	/ (	(325.593	+	333.589)	/	2 )
=	1662.588	/	329.591
=	5.04

Mayank Cattle Food (BOM:544106) 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.

Mayank Cattle Food's Days Inventory for the six months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	329.591	/	1662.588	*	365 / 2
	=	36.18

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.

Mayank Cattle Food's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	329.591	/	1794.695
	=	0.18

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.

Mayank Cattle Food Inventory Turnover Related Terms

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Mayank Cattle Food Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mayank Cattle Food Ltd (BOM:544106) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Rajkot Jamnagar Highway, R. S. No. 162, Near Khandheri Stadium, Village Naranka, Tal. Paddhari, Rajkot, GJ, IND, 360110

Website

https://www.mayankcattlefood.com

Mayank Cattle Food Ltd is engaged in the manufacturing of Maize Cake (Cattle Feed) and maize Oil (Non-edible). The business process involves the purchase of the Maize Germ, then mechanized expelling, packaging, and selling of the Maize Oil and Maize Cake, and trade in Cotton cakes and Cotton Bales. Maize Oil or Corn Oil is extracted from the germ of Maize (Corn) and Maize Cake is the by-product obtained from the extraction of Maize Oil which is very high in fat or oil content.

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