HOAC Foods India (NSE:HOACFOODS) Inventory Turnover : 4.70 (As of Mar. 2023)

View and export this data going back to 2024. Start your Free Trial

What is HOAC Foods India 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. HOAC Foods India's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹83.1 Mil. HOAC Foods India's Average Total Inventories for the quarter that ended in Mar. 2023 was ₹17.7 Mil. HOAC Foods India's Inventory Turnover for the quarter that ended in Mar. 2023 was 4.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HOAC Foods India's Days Inventory for the six months ended in Mar. 2023 was 38.81.

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. HOAC Foods India's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.15.

HOAC Foods India Inventory Turnover Historical Data

The historical data trend for HOAC Foods India'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.

HOAC Foods India Inventory Turnover Chart

HOAC Foods India Annual Data

Trend

Mar21

Mar22

Mar23

Inventory Turnover

5.91

7.30

4.70

HOAC Foods India Semi-Annual Data
	Mar21	Mar22	Mar23
Inventory Turnover	5.91	7.30	4.70

HOAC Foods India Inventory Turnover Calculation

HOAC Foods India'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 )
=	83.088	/ (	(13.37	+	21.973)	/	2 )
=	83.088	/	17.6715
=	4.70

HOAC Foods India'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 )
=	83.088	/ (	(13.37	+	21.973)	/	2 )
=	83.088	/	17.6715
=	4.70

HOAC Foods India (NSE:HOACFOODS) 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.

HOAC Foods India'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
	=	17.6715	/	83.088	*	365 / 2
	=	38.81

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.

HOAC Foods India'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 )
	=	17.6715	/	120.856
	=	0.15

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.

HOAC Foods India Inventory Turnover Related Terms

Thank you for viewing the detailed overview of HOAC Foods India's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

HOAC Foods India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » HOAC Foods India Ltd (NSE:HOACFOODS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

D-498, 1st Floor Palam Extension, Sector-7 Dwarka, Raj Nagar - II, South West Delhi, New Delhi, IND, 110077

Website

https://www.hoacfoodsindia.com

HOAC Foods India Ltd is engaged in the manufacturing of flour (chakki atta), herbs & spices, unpolished pulses, grains, and yellow mustard oil. Its product portfolio is comprised of 4 categories which include products such as Spices & Herbs, Oil, Wheat Flour (Chakki Atta) & Healthy Flour, Pulses, Rice & Grain, and other food products with 153 product SKUs. The company sells its product under the brand name "HARIOM," and most of the sales are derived from the Delhi-NCR region. The franchise network comprises 4 company-owned outlets and 6 franchise-owned outlets.

HOAC Foods India Headlines

No Headlines