Heritage Foods (NSE:HERITGFOOD) Inventory Turnover : 4.47 (As of Sep. 2024)

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What is Heritage Foods 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. Heritage Foods's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹7,672 Mil. Heritage Foods's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹1,715 Mil. Heritage Foods's Inventory Turnover for the quarter that ended in Sep. 2024 was 4.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Heritage Foods's Days Inventory for the three months ended in Sep. 2024 was 20.40.

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. Heritage Foods's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.17.

Heritage Foods Inventory Turnover Historical Data

The historical data trend for Heritage Foods'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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Heritage Foods Inventory Turnover Chart

Heritage Foods Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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15.89

10.84

10.43

9.04

9.49

Heritage Foods 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															4.11	3.86	2.88	2.94	4.47

Heritage Foods Inventory Turnover Calculation

Heritage Foods'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 )
=	30404.63	/ (	(3789.45	+	2619.13)	/	2 )
=	30404.63	/	3204.29
=	9.49

Heritage Foods'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 )
=	7672.15	/ (	(0	+	1714.83)	/	1 )
=	7672.15	/	1714.83
=	4.47

Heritage Foods (NSE:HERITGFOOD) 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.

Heritage Foods'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
	=	1714.83	/	7672.15	*	365 / 4
	=	20.40

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.

Heritage Foods'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 )
	=	1714.83	/	10195.23
	=	0.17

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.

Heritage Foods Inventory Turnover Related Terms

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Heritage Foods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Heritage Foods Ltd (NSE:HERITGFOOD) » Definitions » Inventory Turnover

Traded in Other Exchanges

519552:India

Address

Road No-1 & 65, Jubilee Hills, Road No-1 & 65, Jubilee Hills, Plot No. 1286, Hyderabad, TG, IND, 500033

Website

https://www.heritagefoods.in

Heritage Foods Ltd is engaged in the food-related and renewable energy business. The company's operating segments are Dairy Vertical, Renewable energy vertical, and Feed vertical. Dairy Vertical is engaged in the manufacturing and marketing of milk, curd, buttermilk, lassi, ice cream, paneer, table butter, milk powder, and others. Renewable energy vertical produces power for captive consumption through its solar and wind power plants, and the Feed vertical is engaged in the manufacturing of cattle and fish feeds. It generates a majority of its revenue from the Dairy Vertical segment. Geographically, the company derives a majority of its revenue from its business in India.

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