Aristo Bio-Tech and Lifescience (NSE:ARISTO) Inventory Turnover : 4.65 (As of Sep. 2024)

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What is Aristo Bio-Tech and Lifescience 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. Aristo Bio-Tech and Lifescience's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹1,974 Mil. Aristo Bio-Tech and Lifescience's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹424 Mil. Aristo Bio-Tech and Lifescience's Inventory Turnover for the quarter that ended in Sep. 2024 was 4.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aristo Bio-Tech and Lifescience's Days Inventory for the six months ended in Sep. 2024 was 39.25.

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. Aristo Bio-Tech and Lifescience's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.20.

Aristo Bio-Tech and Lifescience Inventory Turnover Historical Data

The historical data trend for Aristo Bio-Tech and Lifescience'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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Aristo Bio-Tech and Lifescience Inventory Turnover Chart

Aristo Bio-Tech and Lifescience Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

9.20

6.50

5.41

7.23

6.48

Aristo Bio-Tech and Lifescience Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial			4.66	2.92	4.04	3.10	4.65

Aristo Bio-Tech and Lifescience Inventory Turnover Calculation

Aristo Bio-Tech and Lifescience'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 )
=	2300.09	/ (	(307.771	+	401.866)	/	2 )
=	2300.09	/	354.8185
=	6.48

Aristo Bio-Tech and Lifescience'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 )
=	1973.602	/ (	(401.866	+	447.127)	/	2 )
=	1973.602	/	424.4965
=	4.65

Aristo Bio-Tech and Lifescience (NSE:ARISTO) 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.

Aristo Bio-Tech and Lifescience'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
	=	424.4965	/	1973.602	*	365 / 2
	=	39.25

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.

Aristo Bio-Tech and Lifescience'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 )
	=	424.4965	/	2141.459
	=	0.20

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.

Aristo Bio-Tech and Lifescience Inventory Turnover Related Terms

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Aristo Bio-Tech and Lifescience Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Aristo Bio-Tech and Lifescience Ltd (NSE:ARISTO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

E-24, 25, 26, G.I.D.C, Manjusar, Taluka Savli, Vadodara, GJ, IND, 391775

Website

https://www.aristobiotech.com

Aristo Bio-Tech and Lifescience Ltd is an agrochemical company. It is mainly engaged in the manufacturing, formulation, supplying, packaging and job work services of various pesticides. The company exports products like Insecticides, Herbicides, Fungicides, Plant Growth Regulators and a wide variety of other Agrochemicals.

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