Fineotex Chemical (NSE:FCL) Inventory Turnover : 1.53 (As of Sep. 2024)

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What is Fineotex Chemical 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. Fineotex Chemical's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹900 Mil. Fineotex Chemical's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹589 Mil. Fineotex Chemical's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fineotex Chemical's Days Inventory for the three months ended in Sep. 2024 was 59.70.

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. Fineotex Chemical's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.40.

Fineotex Chemical Inventory Turnover Historical Data

The historical data trend for Fineotex Chemical'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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Fineotex Chemical Inventory Turnover Chart

Fineotex Chemical Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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5.37

5.67

5.33

6.35

7.16

Fineotex Chemical Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															2.09	1.90	1.90	1.74	1.53

Fineotex Chemical Inventory Turnover Calculation

Fineotex Chemical'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 )
=	3488.121	/ (	(472.936	+	501.069)	/	2 )
=	3488.121	/	487.0025
=	7.16

Fineotex Chemical's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	900.238	/ (	(0	+	588.981)	/	1 )
=	900.238	/	588.981
=	1.53

Fineotex Chemical (NSE:FCL) 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.

Fineotex Chemical's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	588.981	/	900.238	*	365 / 4
	=	59.70

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.

Fineotex Chemical's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	588.981	/	1457.273
	=	0.40

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.

Fineotex Chemical Inventory Turnover Related Terms

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Fineotex Chemical Business Description

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533333:India

Address

S. V. Road, 4th Floor, 42/43, Manorama Chambers, Bandra (west), Mumbai, MH, IND, 400 050

Website

https://www.fineotex.com

Fineotex Chemical Ltd is an Indian company engaged in the manufacture of Textile chemicals, auxiliaries, and specialty chemicals. Some of its products include Benzalkonium Chloride (BKC); Barite; Hematite; Magnesium Chloride; Calcium Chloride; DOSS (Dioctyl Sodium Sulfosuccinate) and others. Geographically, it sells its products in India and also exports them, from which it derives a majority of its revenue within India.

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