Bikaji Foods International (NSE:BIKAJI) Inventory Turnover : 3.16 (As of Sep. 2024)

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What is Bikaji Foods International 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. Bikaji Foods International's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹4,805 Mil. Bikaji Foods International's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹1,523 Mil. Bikaji Foods International's Inventory Turnover for the quarter that ended in Sep. 2024 was 3.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bikaji Foods International's Days Inventory for the three months ended in Sep. 2024 was 28.92.

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. Bikaji Foods International's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.22.

Bikaji Foods International Inventory Turnover Historical Data

The historical data trend for Bikaji Foods International'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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Bikaji Foods International Inventory Turnover Chart

Bikaji Foods International Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

20.76

20.35

18.28

18.67

19.18

Bikaji Foods International Quarterly Data
	Mar20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial										3.32	3.48	4.63	4.60	3.16

Bikaji Foods International Inventory Turnover Calculation

Bikaji Foods International'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 )
=	15398.092	/ (	(784.195	+	821.42)	/	2 )
=	15398.092	/	802.8075
=	19.18

Bikaji Foods International'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: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	4805.336	/ (	(0	+	1522.958)	/	1 )
=	4805.336	/	1522.958
=	3.16

Bikaji Foods International (NSE:BIKAJI) 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.

Bikaji Foods International's Days Inventory for the three 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
	=	1522.958	/	4805.336	*	365 / 4
	=	28.92

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.

Bikaji Foods International'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 )
	=	1522.958	/	7039.708
	=	0.22

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.

Bikaji Foods International Inventory Turnover Related Terms

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Bikaji Foods International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bikaji Foods International Ltd (NSE:BIKAJI) » Definitions » Inventory Turnover

Traded in Other Exchanges

543653:India

Address

Karni Extension, RIICO Industrial Area, Plot No. E-558-561, C -569-572, E - 573-577, F-585-592, Bikaner, RJ, IND, 334 004

Website

https://www.bikaji.com

Bikaji Foods International Ltd is a fast-moving consumer goods (FMCG) brand with an international footprint, selling Indian snacks and sweets. Its product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks as well as other snacks which includes gift packs (assortment), frozen food, mathri range and cookies. The company operates in India as well as Outside India.

Bikaji Foods International Headlines

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