Dhariwalcorp (NSE:DHARIWAL) Inventory Turnover : 45.14 (As of Mar. 2024)

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What is Dhariwalcorp 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. Dhariwalcorp's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹2,222 Mil. Dhariwalcorp's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹49 Mil. Dhariwalcorp's Inventory Turnover for the quarter that ended in Mar. 2024 was 45.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dhariwalcorp's Days Inventory for the six months ended in Mar. 2024 was 4.04.

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. Dhariwalcorp's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.

Dhariwalcorp Inventory Turnover Historical Data

The historical data trend for Dhariwalcorp'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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Dhariwalcorp Inventory Turnover Chart

Dhariwalcorp Annual Data

Trend

Mar22

Mar23

Mar24

Inventory Turnover

94.47

60.36

45.14

Dhariwalcorp Semi-Annual Data
	Mar22	Mar23	Mar24
Inventory Turnover	94.47	60.36	45.14

Dhariwalcorp Inventory Turnover Calculation

Dhariwalcorp'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 )
=	2222.13	/ (	(47.223	+	51.235)	/	2 )
=	2222.13	/	49.229
=	45.14

Dhariwalcorp'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: Mar. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2222.13	/ (	(47.223	+	51.235)	/	2 )
=	2222.13	/	49.229
=	45.14

Dhariwalcorp (NSE:DHARIWAL) 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.

Dhariwalcorp's Days Inventory for the six 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
	=	49.229	/	2222.13	*	365 / 2
	=	4.04

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.

Dhariwalcorp'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 )
	=	49.229	/	2288.029
	=	0.02

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.

Dhariwalcorp Inventory Turnover Related Terms

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Dhariwalcorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Dhariwalcorp Ltd (NSE:DHARIWAL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pal Link Road, 36, Narayan Nagar, Shobhawaton ki dhani, Jodhpur, RJ, IND, 342001

Website

https://www.dhariwalcorporation.com

Dhariwalcorp Ltd is engaged in the business of trading of a comprehensive range of waxes, industrial chemicals, and petroleum jelly. The company is involved in processing, purchasing, selling, importing, and trading various types of wax, including Paraffin Wax, Micro Wax, Slack Wax, Carnauba Wax, Microcrystalline Waxes, Semi Refined Paraffin Wax, Yellow Beeswax, Hydrocarbon Wax, Montan Wax, Polyethylene Wax, Vegetable Wax, Residue Wax, Palm Wax, BN Micro Wax, Hydrogenated Palm Wax, Micro Slack Wax, PE Wax, Soya Wax, etc. Additionally, the Company trades in industrial chemicals such as Rubber Process Oil, Light Liquid Paraffin (LLP), Citric Acid Monohydrate, Refined Glycerin, Bitumen, Stearic Acid, and Petroleum Jelly, including Paraffin Petroleum Jelly and White Petroleum Jelly.

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