DIC India (NSE:DICIND) Inventory Turnover : 1.66 (As of Dec. 2023)

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What is DIC 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. DIC India's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,728 Mil. DIC India's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹1,043 Mil. DIC India's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. DIC India's Days Inventory for the three months ended in Dec. 2023 was 55.08.

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. DIC India's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.51.

DIC India Inventory Turnover Historical Data

The historical data trend for DIC 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.

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DIC India Inventory Turnover Chart

DIC India Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.01

4.37

4.48

5.35

5.99

DIC India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.80	1.35	1.15	1.20	1.66

DIC India Inventory Turnover Calculation

DIC India's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	6419.095	/ (	(1100.398	+	1042.895)	/	2 )
=	6419.095	/	1071.6465
=	5.99

DIC India's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1727.666	/ (	(0	+	1042.895)	/	1 )
=	1727.666	/	1042.895
=	1.66

DIC India (NSE:DICIND) 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.

DIC India's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1042.895	/	1727.666	*	365 / 4
	=	55.08

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.

DIC India's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1042.895	/	2042.185
	=	0.51

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.

DIC India Inventory Turnover Related Terms

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DIC India (NSE:DICIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » DIC India Ltd (NSE:DICIND) » Definitions » Inventory Turnover

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Traded in Other Exchanges

500089:India

Address

Fusion Square, 5A-5B, Sector-126, 5th Floor, District Gautam Budh Nagar, Noida, UP, IND, 201303

Website

https://www.dic.co.in

DIC India Ltd is an India-based company engaged in the business of manufacturing printing inks that are used in newspapers, other publications, and packaging industries. It also offers lamination adhesive. The product portfolio of the company includes Gravur inks, Flexo inks, Adhesives, Specialty products and Paste inks. The company operates primarily within India.

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