HI-Green Carbon (NSE:HIGREEN) Inventory Turnover : 4.90 (As of Mar. 2023)

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What is HI-Green Carbon 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. HI-Green Carbon's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹530.4 Mil. HI-Green Carbon's Average Total Inventories for the quarter that ended in Mar. 2023 was ₹108.3 Mil. HI-Green Carbon's Inventory Turnover for the quarter that ended in Mar. 2023 was 4.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HI-Green Carbon's Days Inventory for the six months ended in Mar. 2023 was 37.26.

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. HI-Green Carbon's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.14.

HI-Green Carbon Inventory Turnover Historical Data

The historical data trend for HI-Green Carbon'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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HI-Green Carbon Inventory Turnover Chart

HI-Green Carbon Annual Data

Trend

Mar21

Mar22

Mar23

Inventory Turnover

1.78

3.87

4.90

HI-Green Carbon Semi-Annual Data
	Mar21	Mar22	Mar23
Inventory Turnover	1.78	3.87	4.90

HI-Green Carbon Inventory Turnover Calculation

HI-Green Carbon'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 )
=	530.415	/ (	(93.831	+	122.777)	/	2 )
=	530.415	/	108.304
=	4.90

HI-Green Carbon'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 )
=	530.415	/ (	(93.831	+	122.777)	/	2 )
=	530.415	/	108.304
=	4.90

HI-Green Carbon (NSE:HIGREEN) 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.

HI-Green Carbon'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
	=	108.304	/	530.415	*	365 / 2
	=	37.26

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.

HI-Green Carbon'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 )
	=	108.304	/	785.241
	=	0.14

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.

HI-Green Carbon Inventory Turnover Related Terms

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HI-Green Carbon (NSE:HIGREEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » HI-Green Carbon Ltd (NSE:HIGREEN) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

G-557, Lodhika Industrial Estate, Metoda G.I.D.C. Gate No. 3, Metoda, Lodhika, Rajkot, GJ, IND, 360021

Website

https://www.higreencarbon.com

HI-Green Carbon Ltd is engaged in the business of waste tyres recycling. Its manufacturing plant operates on a continuous pyrolysis process. It is an uninterrupted working method with a continuous feeding and discharging system controlled by the program logic controller system. The company processes end-of-life tyres (ELTs) pieces to produce energy components and raw materials. Its major products are Recovered Carbon Black (rCB) and Steel Wires under the Raw Material Category and fuel Oil and Synthesis Gas under the Energy components category.

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