Baheti Recycling Industries (NSE:BAHETI) Inventory Turnover : 7.51 (As of Mar. 2023)

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What is Baheti Recycling Industries 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. Baheti Recycling Industries's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹3,190 Mil. Baheti Recycling Industries's Average Total Inventories for the quarter that ended in Mar. 2023 was ₹425 Mil. Baheti Recycling Industries's Inventory Turnover for the quarter that ended in Mar. 2023 was 7.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Baheti Recycling Industries's Days Inventory for the six months ended in Mar. 2023 was 24.30.

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. Baheti Recycling Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.12.

Baheti Recycling Industries Inventory Turnover Historical Data

The historical data trend for Baheti Recycling Industries'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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Baheti Recycling Industries Inventory Turnover Chart

Baheti Recycling Industries Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

6.28

5.92

8.19

7.51

Baheti Recycling Industries Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Inventory Turnover	6.28	5.92	8.19	7.51

Baheti Recycling Industries Inventory Turnover Calculation

Baheti Recycling Industries's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	3190.248	/ (	(308.474	+	541.031)	/	2 )
=	3190.248	/	424.7525
=	7.51

Baheti Recycling Industries's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	3190.248	/ (	(308.474	+	541.031)	/	2 )
=	3190.248	/	424.7525
=	7.51

Baheti Recycling Industries (NSE:BAHETI) 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.

Baheti Recycling Industries's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	424.7525	/	3190.248	*	365 / 2
	=	24.30

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.

Baheti Recycling Industries's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	424.7525	/	3599.629
	=	0.12

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.

Baheti Recycling Industries Inventory Turnover Related Terms

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Baheti Recycling Industries (NSE:BAHETI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Baheti Recycling Industries Ltd (NSE:BAHETI) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

A-2/3, L.R. Apartments, Opposite Police Commissioner Office, Shahibaug, Ahmedabad, GJ, IND, 380 004

Website

https://www.bahetiindustries.com

Baheti Recycling Industries Ltd is an aluminium recycling company, primarily engaged in processing aluminium based metal scrap to manufacture aluminium alloys in the form of ingots and aluminium de-ox alloys in the form of cubes, ingots, shots and notch bar. The company is also engaged in trading of scrap materials such as aluminium scrap, brass scrap, copper scrap, zinc scrap etc. Its products are being used in various industries, which include automobiles, construction, electrical transmission application, food packaging etc.

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