Lead Reclaim and Rubber Products (NSE:LRRPL) Inventory Turnover: 1.73 (As of Mar. 2024)

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NSE:LRRPL Lead Reclaim and Rubber Products Ltd NSE:LRRPL
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What is Lead Reclaim and Rubber Products Inventory Turnover?

Lead Reclaim and Rubber Products NSE:LRRPL +4.55% 14 Inventory Turnover is 1.73 as of Mar. 2024. GuruFocus rates NSE:LRRPL with a GF Score™ of 14/100.

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. Lead Reclaim and Rubber Products's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹69.9 Mil. Lead Reclaim and Rubber Products's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹40.4 Mil. Lead Reclaim and Rubber Products's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lead Reclaim and Rubber Products's Days Inventory for the six months ended in Mar. 2024 was 105.48.

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. Lead Reclaim and Rubber Products's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.46.

Lead Reclaim and Rubber Products  (NSE:LRRPL) 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.

Lead Reclaim and Rubber Products's Days Inventory for the six months ended in Mar. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=40.4/69.9*365 / 2
=105.48

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.

Lead Reclaim and Rubber Products's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=40.4 / 87.6
=0.46

* 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.

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.

Lead Reclaim and Rubber Products Inventory Turnover Related Terms

Lead Reclaim and Rubber Products Inventory Turnover Historical Data

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The historical data trend for Lead Reclaim and Rubber Products'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.

Lead Reclaim and Rubber Products Inventory Turnover Chart

Lead Reclaim and Rubber Products Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Inventory Turnover
3.10 4.16 4.52 2.13 2.54

Lead Reclaim and Rubber Products Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24
Inventory Turnover Get a 7-Day Free Trial 0.00 1.18 0.96 0.85 1.73
NSE:LRRPL
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Lead Reclaim and Rubber Products Ltd NSE:LRRPL
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Lead Reclaim and Rubber Products Inventory Turnover Calculation

Lead Reclaim and Rubber Products'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 )
=99.3 / ((33.3 + 45) / 2 )
=99.3 / 39.15
=2.54

Lead Reclaim and Rubber Products's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover (Q: Mar. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2024 ) / ((Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count )
=69.9 / ((35.8 + 45) / 2 )
=69.9 / 40.4
=1.73

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 1.73 mean?
Lead Reclaim and Rubber Products (NSE:LRRPL) has a Inventory Turnover of 1.73 as of Mar. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Lead Reclaim and Rubber Products and its competitors.
Is Lead Reclaim and Rubber Products' Inventory Turnover too high?
Lead Reclaim and Rubber Products' current Inventory Turnover is 1.73. Overall, Lead Reclaim and Rubber Products has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Lead Reclaim and Rubber Products' Inventory Turnover compare to LIN and SHW?
Lead Reclaim and Rubber Products' Inventory Turnover of 1.73 can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Chemicals company?
A good Inventory Turnover depends on the Chemicals industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Lead Reclaim and Rubber Products and its competitors. Lead Reclaim and Rubber Products's current Inventory Turnover is 1.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lead Reclaim and Rubber Products stock overvalued right now?
Lead Reclaim and Rubber Products (NSE:LRRPL) has a current Inventory Turnover of 1.73. The current Inventory Turnover is 1.73. Lead Reclaim and Rubber Products' overall GF Score™ is 14/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Lead Reclaim and Rubber Products (NSE:LRRPL), the current Inventory Turnover is 1.73 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Lead Reclaim and Rubber Products Business Description

Address 856/4 Village Pethai Sarali Road, Kheda, GJ, IND, 387630
Lead Reclaim and Rubber Products Ltd manufactures premium-quality reclaimed rubber, crumb rubber, and rubber granules. Some of its products include Whole Tyre Reclaim Rubbers, Butyl Tube Reclaim Rubber, and Natural Tube Reclaim Rubber.
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