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Arvee Laboratories (India) (NSE:ARVEE) Inventory Turnover : 0.96 (As of Jun. 2024)


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What is Arvee Laboratories (India) 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. Arvee Laboratories (India)'s Cost of Goods Sold for the three months ended in Jun. 2024 was ₹61.4 Mil. Arvee Laboratories (India)'s Average Total Inventories for the quarter that ended in Jun. 2024 was ₹64.0 Mil. Arvee Laboratories (India)'s Inventory Turnover for the quarter that ended in Jun. 2024 was 0.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Arvee Laboratories (India)'s Days Inventory for the three months ended in Jun. 2024 was 95.04.

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. Arvee Laboratories (India)'s Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.60.


Arvee Laboratories (India) Inventory Turnover Historical Data

The historical data trend for Arvee Laboratories (India)'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.

* Premium members only.

Arvee Laboratories (India) Inventory Turnover Chart

Arvee Laboratories (India) Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.85 4.73 3.93 8.54 3.42

Arvee Laboratories (India) Quarterly Data
Sep18 Mar19 Sep19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.78 1.23 0.97 0.95 0.96

Arvee Laboratories (India) Inventory Turnover Calculation

Arvee Laboratories (India)'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 )
=187.649 / ((45.684 + 63.953) / 2 )
=187.649 / 54.8185
=3.42

Arvee Laboratories (India)'s Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover (Q: Jun. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2024 ) / ((Total Inventories (Q: Mar. 2024 ) + Total Inventories (Q: Jun. 2024 )) / count )
=61.403 / ((63.953 + 0) / 1 )
=61.403 / 63.953
=0.96

* 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.


Arvee Laboratories (India)  (NSE:ARVEE) 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.

Arvee Laboratories (India)'s Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=63.953/61.403*365 / 4
=95.04

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.

Arvee Laboratories (India)'s Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=63.953 / 106.022
=0.60

* 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.


Arvee Laboratories (India) Inventory Turnover Related Terms

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Arvee Laboratories (India) Business Description

Traded in Other Exchanges
N/A
Address
403, Iskcon Bopal Road, Entice, Near Jayantilal Park BRTS, Ambli, Ahmedabad, GJ, IND, 380058
Arvee Laboratories (India) Ltd is an India based specialty chemicals company. The company products include Polymer Modifiers, such as dimethyl 5-sodiosulfoisophthalate, 5-sulfoisophthalic acid mono sodium salt, and others, Contrast Media Intermediates such as Dimethyl 5-Aminoisophthalate, 3,5-Diamino Benzoic Acid, 5-Nitroisophthalic acid and others; and Drug Intermediates like 2-Acetyl Thiophene, Thiophene-2-Carboxaldehyde and others. Geographically, the company principally operates in India.

Arvee Laboratories (India) Headlines

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