Agarwal Industrial (NSE:AGARIND) Inventory Turnover : 4.93 (As of Mar. 2024)

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What is Agarwal Industrial 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. Agarwal Industrial's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹6,299 Mil. Agarwal Industrial's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹1,278 Mil. Agarwal Industrial's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Agarwal Industrial's Days Inventory for the three months ended in Mar. 2024 was 18.51.

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. Agarwal Industrial's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.16.

Agarwal Industrial Inventory Turnover Historical Data

The historical data trend for Agarwal Industrial'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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Agarwal Industrial Inventory Turnover Chart

Agarwal Industrial Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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26.48

21.64

25.80

18.39

13.84

Agarwal Industrial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															4.81	4.52	1.94	4.58	4.93

Agarwal Industrial Inventory Turnover Calculation

Agarwal Industrial'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 )
=	16873.565	/ (	(1161.014	+	1277.635)	/	2 )
=	16873.565	/	1219.3245
=	13.84

Agarwal Industrial'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 )
=	6298.618	/ (	(0	+	1277.635)	/	1 )
=	6298.618	/	1277.635
=	4.93

Agarwal Industrial (NSE:AGARIND) 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.

Agarwal Industrial'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
	=	1277.635	/	6298.618	*	365 / 4
	=	18.51

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.

Agarwal Industrial'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 )
	=	1277.635	/	7764.443
	=	0.16

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.

Agarwal Industrial Inventory Turnover Related Terms

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Agarwal Industrial (NSE:AGARIND) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Agarwal Industrial Corp Ltd (NSE:AGARIND) » Definitions » Inventory Turnover

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531921:India

Address

S.T. Road, V.N. Purav Marg, Plot Number 12, Eastern Court, Unit No. 201-202, Chembur, Mumbai, MH, IND, 400 071

Website

https://www.aicltd.in

Agarwal Industrial Corp Ltd is engaged in the business activities of manufacturing and trading of petrochemicals, logistics of Bitumen and Liquefied Petroleum Gas (LPG) and energy generation through wind mills. The company's operating segment includes Petrochemical business; Logistics and Windmill. It generates maximum revenue from the Petrochemicals segment which includes Bituminous and Allied Products. The company's products categories include Paving Grade Bitumen; Industrial Grade Bitumen; Bitumen Emulsion for Road Construction; CRMB: Crumb Rubber Modified Bitumen; Polymer Modified bitumen (PMB); Byproducts/Waterproofing materials; and Bituminous Expansion Jointing Boards.

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