Dwarikesh Sugar Industries (NSE:DWARKESH) Inventory Turnover : 0.37 (As of Mar. 2024)

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What is Dwarikesh Sugar Industries 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. Dwarikesh Sugar Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,727 Mil. Dwarikesh Sugar Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹7,409 Mil. Dwarikesh Sugar Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dwarikesh Sugar Industries's Days Inventory for the three months ended in Mar. 2024 was 247.90.

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. Dwarikesh Sugar Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.95.

Dwarikesh Sugar Industries Inventory Turnover Historical Data

The historical data trend for Dwarikesh Sugar Industries'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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Dwarikesh Sugar Industries Inventory Turnover Chart

Dwarikesh Sugar Industries Annual Data

Trend

Sep13

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.20

1.64

1.86

2.51

1.97

Dwarikesh Sugar Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.73	0.77	2.23	1.37	0.37

Dwarikesh Sugar Industries Inventory Turnover Calculation

Dwarikesh Sugar Industries'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 )
=	12791.772	/ (	(5606.929	+	7409.083)	/	2 )
=	12791.772	/	6508.006
=	1.97

Dwarikesh Sugar Industries'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: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2727.221	/ (	(0	+	7409.083)	/	1 )
=	2727.221	/	7409.083
=	0.37

Dwarikesh Sugar Industries (NSE:DWARKESH) 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.

Dwarikesh Sugar Industries's Days Inventory for the three 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
	=	7409.083	/	2727.221	*	365 / 4
	=	247.90

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.

Dwarikesh Sugar Industries'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 )
	=	7409.083	/	3799.405
	=	1.95

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.

Dwarikesh Sugar Industries Inventory Turnover Related Terms

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Dwarikesh Sugar Industries (NSE:DWARKESH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dwarikesh Sugar Industries Ltd (NSE:DWARKESH) » Definitions » Inventory Turnover

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Traded in Other Exchanges

532610:India

Address

511, Maker Chambers V, 221, Nariman Point, Mumbai, MH, IND, 400 021

Website

http://www.dwarikesh.com

Dwarikesh Sugar Industries Ltd is a multi-faceted, diversified industrial group engaged in the manufacture of the finest grains of sugar, as well as allied products. The business activity of the group functions through Sugar, Co-generation, and Distillery segments. The product portfolio of the group includes Sugar, ethanol, and Power products. Geographically, it derives revenue from India and the exports made to other countries.

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