Gujarat Narmada Valley Fertilizers & Chemicals (NSE:GNFC) Inventory Turnover : 1.24 (As of Dec. 2023)

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What is Gujarat Narmada Valley Fertilizers & Chemicals 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. Gujarat Narmada Valley Fertilizers & Chemicals's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹12,520 Mil. Gujarat Narmada Valley Fertilizers & Chemicals's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹10,130 Mil. Gujarat Narmada Valley Fertilizers & Chemicals's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gujarat Narmada Valley Fertilizers & Chemicals's Days Inventory for the three months ended in Dec. 2023 was 73.83.

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. Gujarat Narmada Valley Fertilizers & Chemicals's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.49.

Gujarat Narmada Valley Fertilizers & Chemicals Inventory Turnover Historical Data

The historical data trend for Gujarat Narmada Valley Fertilizers & Chemicals'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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Gujarat Narmada Valley Fertilizers & Chemicals Inventory Turnover Chart

Gujarat Narmada Valley Fertilizers & Chemicals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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3.79

3.11

2.67

4.45

4.75

Gujarat Narmada Valley Fertilizers & Chemicals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.35	0.93	0.78	1.13	1.24

Gujarat Narmada Valley Fertilizers & Chemicals Inventory Turnover Calculation

Gujarat Narmada Valley Fertilizers & Chemicals'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 )
=	49887.2	/ (	(9769.7	+	11232.1)	/	2 )
=	49887.2	/	10500.9
=	4.75

Gujarat Narmada Valley Fertilizers & Chemicals's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	12520	/ (	(10130	+	0)	/	1 )
=	12520	/	10130
=	1.24

Gujarat Narmada Valley Fertilizers & Chemicals (NSE:GNFC) 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.

Gujarat Narmada Valley Fertilizers & Chemicals's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	10130	/	12520	*	365 / 4
	=	73.83

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.

Gujarat Narmada Valley Fertilizers & Chemicals's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	10130	/	20880
	=	0.49

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.

Gujarat Narmada Valley Fertilizers & Chemicals Inventory Turnover Related Terms

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Gujarat Narmada Valley Fertilizers & Chemicals (NSE:GNFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gujarat Narmada Valley Fertilizers & Chemicals Ltd (NSE:GNFC) » Definitions » Inventory Turnover

Traded in Other Exchanges

500670:India

Address

Narmadanagar Township, Open Air Theatre, Sports Complex, P.O. Narmadanagar, Bharuch, GJ, IND, 392015

Website

https://www.gnfc.in

Gujarat Narmada Valley Fertilizers & Chemicals Ltd, or GNFC, is a firm engaged in the manufacturing and selling of fertilizers, industrial chemical products and rendering Information Technology services. It operates in three business segments including Fertilizers, Chemicals and Others. The company generates the majority of its revenues through the sale of chemicals.

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