Gayatri Rubbers and Chemicals (NSE:GRCL) Inventory Turnover : 8.95 (As of Mar. 2023)

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What is Gayatri Rubbers and 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. Gayatri Rubbers and Chemicals's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹192.7 Mil. Gayatri Rubbers and Chemicals's Average Total Inventories for the quarter that ended in Mar. 2023 was ₹21.5 Mil. Gayatri Rubbers and Chemicals's Inventory Turnover for the quarter that ended in Mar. 2023 was 8.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gayatri Rubbers and Chemicals's Days Inventory for the six months ended in Mar. 2023 was 20.38.

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. Gayatri Rubbers and Chemicals's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.10.

Gayatri Rubbers and Chemicals Inventory Turnover Historical Data

The historical data trend for Gayatri Rubbers and 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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Gayatri Rubbers and Chemicals Inventory Turnover Chart

Gayatri Rubbers and Chemicals Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

5.98

11.46

8.88

8.95

Gayatri Rubbers and Chemicals Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Inventory Turnover	5.98	11.46	8.88	8.95

Gayatri Rubbers and Chemicals Inventory Turnover Calculation

Gayatri Rubbers and 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 )
=	192.67	/ (	(17.745	+	25.294)	/	2 )
=	192.67	/	21.5195
=	8.95

Gayatri Rubbers and Chemicals's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	192.67	/ (	(17.745	+	25.294)	/	2 )
=	192.67	/	21.5195
=	8.95

Gayatri Rubbers and Chemicals (NSE:GRCL) 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.

Gayatri Rubbers and Chemicals's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	21.5195	/	192.67	*	365 / 2
	=	20.38

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.

Gayatri Rubbers and Chemicals's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	21.5195	/	222.069
	=	0.10

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.

Gayatri Rubbers and Chemicals Inventory Turnover Related Terms

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Gayatri Rubbers and Chemicals (NSE:GRCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gayatri Rubbers and Chemicals Ltd (NSE:GRCL) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Malerna Road, Plot No. 11, Gali No. 3, Opposite Beri ka Bagh, Ballabgarh, Faridabad, HR, IND, 121004

Website

https://www.gayatrirubberchemicals.com

Gayatri Rubbers and Chemicals Ltd is engaged in manufacturing and trading rubber products. The company's product portfolio includes Aluminium rubber profiles, Automobile rubber profiles, Sponge rubber components, Clear PVC profiles, Industrial rubber, and Railway sector rubber. Geographically, the company operates within India.