Reliance Industries (FRA:RLI) Inventory Turnover: 1.29 (As of Mar. 2026)

What is Reliance Industries Inventory Turnover?

Reliance Industries FRA:RLI -0.64% 89 Inventory Turnover is 1.29 as of Mar. 2026. GuruFocus rates FRA:RLI with a GF Score™ of 89/100 and a GF Value™ of €58.51 (Modestly Undervalued). The stock has 2 warning signs investors should review.

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. Reliance Industries's Cost of Goods Sold for the three months ended in Mar. 2026 was €20,116 Mil. Reliance Industries's Average Total Inventories for the quarter that ended in Mar. 2026 was €15,558 Mil. Reliance Industries's Inventory Turnover for the quarter that ended in Mar. 2026 was 1.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Reliance Industries's Days Inventory for the three months ended in Mar. 2026 was 70.57.

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. Reliance Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.57.

Reliance Industries (FRA:RLI) 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.

Reliance Industries's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	15557.721	/	20115.694	*	365 / 4
	=	70.57

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.

Reliance Industries's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	15557.721	/	27404.22
	=	0.57

* 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.

Reliance Industries Inventory Turnover Related Terms

Reliance Industries Inventory Turnover Historical Data

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The historical data trend for Reliance Industries's Inventory Turnover can be seen below:

Reliance Industries Inventory Turnover Chart

Reliance Industries Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Inventory Turnover

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5.69

5.31

4.55

4.75

4.70

Reliance Industries Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															1.26	1.08	1.10	1.13	1.29

89GF Score

Reliance Industries Ltd FRA:RLI

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Reliance Industries Inventory Turnover Calculation

Reliance Industries's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

	Inventory Turnover (A: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2026 )	/ (	(Total Inventories (A: Mar. 2025 )	+	Total Inventories (A: Mar. 2026 ))	/	count )
=	73326.434	/ (	(15615.484	+	15557.721)	/	2 )
=	73326.434	/	15586.6025
=	4.70

Reliance Industries's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	20115.694	/ (	(0	+	15557.721)	/	1 )
=	20115.694	/	15557.721
=	1.29

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 1.29 mean?

Reliance Industries (FRA:RLI) has a Inventory Turnover of 1.29 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Reliance Industries and its competitors.

Is Reliance Industries' Inventory Turnover too high?

Reliance Industries' current Inventory Turnover is 1.29. Overall, Reliance Industries has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Reliance Industries' Inventory Turnover compare to VLO and MPC?

Reliance Industries' Inventory Turnover of 1.29 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for an Oil & Gas company?

A good Inventory Turnover depends on the Oil & Gas industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Reliance Industries and its competitors. Reliance Industries's current Inventory Turnover is 1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Reliance Industries stock overvalued right now?

Based on GuruFocus' analysis, Reliance Industries (FRA:RLI) is currently considered Modestly Undervalued. The stock's GF Value™ is €58.51, compared to a current price of €46.80 — trading 20% below its estimated fair value. The current Inventory Turnover is 1.29. Reliance Industries' overall GF Score™ is 89/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Reliance Industries (FRA:RLI), the current Inventory Turnover is 1.29 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Reliance Industries (FRA:RLI) Overvalued in 2026?

Based on GuruFocus' analysis, Reliance Industries stock appears to be undervalued. The current stock price of €46.80 is trading 20% below its estimated GF Value™ of €58.51. GuruFocus considers Reliance Industries to be Modestly Undervalued.

Key valuation signals for FRA:RLI:

Inventory Turnover: 1.29
GF Value™: €58.51 vs. price of €46.80 (20% below fair value)
GF Score™: 89/100 with 2 warning signs

No single metric tells the full story. See the FRA:RLI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Reliance Industries Business Description

Industry Energy Oil & Gas

Comparable Companies NSE:IOC BOM:500547 NSE:HINDPETRO BOM:532522 BOM:500003 BOM:500109 BOM:500870 BOM:500110 BOM:544545 BOM:524820 VLO MPC PSX XKAZ:KMGZ OHEL:NESTE TSE:5020 TPE:6505 SUN DINO XKRX:096770

Other Exchanges RELIANCE:India 500325:India RIGDl:UK RIGD:UK RLI:Germany RLI:Austria

Address 222, Nariman Point, 3rd Floor, Maker Chambers IV, Mumbai, MH, IND, 400021

Website https://www.ril.com

Reliance Industries Ltd is engaged in hydrocarbon exploration and production, refining and marketing, petrochemicals, financial services, retail, and communications. The company has five principal operating and reporting segments: Oil to Chemicals (O2C), Oil and Gas, Retail, Digital Services, and other services. Reliance's refineries produce a range of petroleum products that find use as fuel variants, feedstock, and fuel for power and cement plants. Fuels produced in refineries are exported to several countries and can be processed into any grade of gasoline or diesel. The Oil to Chemicals segment, which derives the majority of revenue, includes Refining, Petrochemicals, fuel retailing through Reliance BP Mobility Limited, aviation fuel, and bulk wholesale marketing.

89GF Score

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€46.80

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