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Ganesh Benzoplast (NSE:GANESHBE) Inventory Turnover : 1.61 (As of Dec. 2024)


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What is Ganesh Benzoplast 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. Ganesh Benzoplast's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹231 Mil. Ganesh Benzoplast's Average Total Inventories for the quarter that ended in Dec. 2024 was ₹143 Mil. Ganesh Benzoplast's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ganesh Benzoplast's Days Inventory for the three months ended in Dec. 2024 was 56.67.

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. Ganesh Benzoplast's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.16.


Ganesh Benzoplast Inventory Turnover Historical Data

The historical data trend for Ganesh Benzoplast'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.

* Premium members only.

Ganesh Benzoplast Inventory Turnover Chart

Ganesh Benzoplast Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.44 10.61 15.43 7.06 6.57

Ganesh Benzoplast Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.98 4.83 1.56 2.24 1.61

Ganesh Benzoplast Inventory Turnover Calculation

Ganesh Benzoplast'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 )
=2329.59 / ((510.14 + 198.6) / 2 )
=2329.59 / 354.37
=6.57

Ganesh Benzoplast's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover (Q: Dec. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2024 ) / ((Total Inventories (Q: Sep. 2024 ) + Total Inventories (Q: Dec. 2024 )) / count )
=230.54 / ((143.17 + 0) / 1 )
=230.54 / 143.17
=1.61

* 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.


Ganesh Benzoplast  (NSE:GANESHBE) 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.

Ganesh Benzoplast's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2024 )/Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=143.17/230.54*365 / 4
=56.67

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.

Ganesh Benzoplast's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2024 ) / Revenue (Q: Dec. 2024 )
=143.17 / 892.24
=0.16

* 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.


Ganesh Benzoplast Inventory Turnover Related Terms

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Ganesh Benzoplast Business Description

Traded in Other Exchanges
Address
Off Western Express Highway, Laxmi Nagar, C501/502, 5th Floor, C-Wing, Lotus Corporate Park, Geetanjali Railway Colony, Goregaon (East), Mumbai, MH, IND, 400063
Ganesh Benzoplast Ltd is an India-based company involved in the manufacture and export of specialty chemicals. The company's products have applications in food and beverage, automobile, paints, lubricants, and pharmaceutical industries. The company operates through two divisions namely, the Liquid Storage Terminal and the Chemical manufacturing division. Liquid Storage Terminal division provides storage tanks that are leased on rent for storing liquid chemicals, acids, oil products, petrochemicals, and edible oils. It provides storage and handling solutions at three terminals namely JNPT(Nhava Sheva), Goa, and Cochin. The Chemical division manufactures and exports food preservatives and lubricant additives. It derives the majority of its revenue from the Liquid Storage Terminal segment.

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