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Dollex Agrotech (NSE:DOLLEX) Inventory Turnover : 0.47 (As of Sep. 2023)


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What is Dollex Agrotech 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. Dollex Agrotech's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹455 Mil. Dollex Agrotech's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹959 Mil. Dollex Agrotech's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dollex Agrotech's Days Inventory for the six months ended in Sep. 2023 was 384.54.

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. Dollex Agrotech's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.71.

Dollex Agrotech Inventory Turnover Historical Data

The historical data trend for Dollex Agrotech'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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Dollex Agrotech Inventory Turnover Chart

Dollex Agrotech Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Inventory Turnover
0.59 1.91 1.74 1.35

Dollex Agrotech Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23
Inventory Turnover Get a 7-Day Free Trial - - 0.16 0.87 0.47

Dollex Agrotech Inventory Turnover Calculation

Dollex Agrotech'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 )
=939.785 / ((384.253 + 1012.506) / 2 )
=939.785 / 698.3795
=1.35

Dollex Agrotech's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover (Q: Sep. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2023 ) / ((Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count )
=455.037 / ((1012.506 + 905.101) / 2 )
=455.037 / 958.8035
=0.47

* 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.

Dollex Agrotech  (NSE:DOLLEX) 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.

Dollex Agrotech's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2023 )/Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=958.8035/455.037*365 / 2
=384.54

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.

Dollex Agrotech's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=958.8035 / 561.194
=1.71

* 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.

Dollex Agrotech Inventory Turnover Related Terms

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Dollex Agrotech (NSE:DOLLEX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dollex Agrotech Ltd (NSE:DOLLEX) » Definitions » Inventory Turnover
Comparable Companies
BOM:507180 BOM:539742 BOM:532879 BOM:500319 BOM:500354 BOM:531923 BOM:530617 BOM:532183 BOM:507300 BOM:537709 MDLZ HSY XSWX:LISN XSWX:BARN XKRX:271560 TR TSE:2222 CAS:CSR TSE:2201 XKRX:004990
Traded in Other Exchanges
N/A
Address
19/1 Manorama Ganj, 205, Naroli Arcade, Near Palasia Square, Indore, MP, IND, 452001
Website
https://www.dollex.in
Dollex Agrotech Ltd is engaged in the business of manufacturing and trading sugar with captive power cogeneration capabilities. The company also produces and sells its by-products such as molasses, pressed, and bagasse. The bagasse is used to generate power. Further, it is engaged in power generation up to the captive power of 3 MW.

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