Accent Microcell (NSE:ACCENTMIC) Inventory Turnover : 4.57 (As of Mar. 2024)

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What is Accent Microcell 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. Accent Microcell's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹1,711 Mil. Accent Microcell's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹375 Mil. Accent Microcell's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Accent Microcell's Days Inventory for the six months ended in Mar. 2024 was 39.95.

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. Accent Microcell's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.15.

Accent Microcell Inventory Turnover Historical Data

The historical data trend for Accent Microcell'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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Accent Microcell Inventory Turnover Chart

Accent Microcell Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

3.06

3.35

3.55

4.57

Accent Microcell Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Inventory Turnover	3.06	3.35	3.55	4.57

Accent Microcell Inventory Turnover Calculation

Accent Microcell'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 )
=	1711.15	/ (	(419.406	+	329.832)	/	2 )
=	1711.15	/	374.619
=	4.57

Accent Microcell'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: Mar. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1711.15	/ (	(419.406	+	329.832)	/	2 )
=	1711.15	/	374.619
=	4.57

Accent Microcell (NSE:ACCENTMIC) 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.

Accent Microcell'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
	=	374.619	/	1711.15	*	365 / 2
	=	39.95

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.

Accent Microcell'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 )
	=	374.619	/	2454.978
	=	0.15

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.

Accent Microcell Inventory Turnover Related Terms

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Accent Microcell Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Accent Microcell Ltd (NSE:ACCENTMIC) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Shyamal Cross Roads, Anandnagar Road, 314, Shangrilla Arcade, Satellite, Ahmedabad, GJ, IND, 380015

Website

https://www.accentmicrocell.com

Accent Microcell Ltd is engaged in the manufacturing business of pharmaceutical excipients including products like Microcrystalline Cellulose which is a term for refined wood pulp and is used as a texturizer, an anti-caking agent, a fat substitute, an emulsifier, an extender, and a bulking agent in food production; Croscarmellose Sodium used as a super disintegrant in pharmaceutical formulations; Magnesium Stearate; Cellulose Powder, and others. Its business segments are segregated based on the location of its manufacturing facilities and include Dahej (SEZ Unit) which generates maximum revenue, Pirana, Unit III, and Inter Unit Sales. Geographically, a majority of the company's revenue is derived through the export of its products to various countries.

Accent Microcell Headlines

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