Ducol Organics And Colours (NSE:DUCOL) Inventory Turnover : 1.13 (As of Mar. 2024)

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What is Ducol Organics And Colours 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. Ducol Organics And Colours's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹237.1 Mil. Ducol Organics And Colours's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹209.3 Mil. Ducol Organics And Colours's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ducol Organics And Colours's Days Inventory for the six months ended in Mar. 2024 was 161.12.

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. Ducol Organics And Colours's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.55.

Ducol Organics And Colours Inventory Turnover Historical Data

The historical data trend for Ducol Organics And Colours'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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Ducol Organics And Colours Inventory Turnover Chart

Ducol Organics And Colours Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

2.12

2.47

3.08

2.91

2.37

Ducol Organics And Colours Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial			-	1.43	1.39	1.15	1.13

Ducol Organics And Colours Inventory Turnover Calculation

Ducol Organics And Colours'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 )
=	483.264	/ (	(209.064	+	197.926)	/	2 )
=	483.264	/	203.495
=	2.37

Ducol Organics And Colours'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	237.122	/ (	(220.772	+	197.926)	/	2 )
=	237.122	/	209.349
=	1.13

Ducol Organics And Colours (NSE:DUCOL) 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.

Ducol Organics And Colours'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
	=	209.349	/	237.122	*	365 / 2
	=	161.12

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.

Ducol Organics And Colours'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 )
	=	209.349	/	378.314
	=	0.55

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.

Ducol Organics And Colours Inventory Turnover Related Terms

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Ducol Organics And Colours (NSE:DUCOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ducol Organics And Colours Ltd (NSE:DUCOL) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Plot No. 22/2, Taloja, Taluka Panvel, Raigad, MH, IND

Website

https://www.ducol.com

Ducol Organics And Colours Ltd is engaged in the business of manufacturing and selling pigment dispersions, preparations, concentrates, paste colorants, and masterbatches. The company offers a range of pigment dispersions for various industries like Paints, Inks, Textiles, Detergent, Paper, Rubber, and Plastics. color solutions for various industries like paints, ink, textiles, rubber, plastic, leather, paper, soaps, detergents, and FMCG.

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