Neogen Chemicals (NSE:NEOGEN) Inventory Turnover : 0.27 (As of Dec. 2024)

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What is Neogen 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. Neogen Chemicals's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹1,093 Mil. Neogen Chemicals's Average Total Inventories for the quarter that ended in Dec. 2024 was ₹4,010 Mil. Neogen Chemicals's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Neogen Chemicals's Days Inventory for the three months ended in Dec. 2024 was 334.66.

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. Neogen Chemicals's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.99.

Neogen Chemicals Inventory Turnover Historical Data

The historical data trend for Neogen 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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Neogen Chemicals Inventory Turnover Chart

Neogen Chemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.16

1.96

2.01

1.67

1.20

Neogen Chemicals Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.26	0.35	0.25	0.27	0.27

Neogen Chemicals Inventory Turnover Calculation

Neogen Chemicals'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 )
=	4040.8	/ (	(2929.7	+	3824.4)	/	2 )
=	4040.8	/	3377.05
=	1.20

Neogen Chemicals's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	1093.4	/ (	(4010.1	+	0)	/	1 )
=	1093.4	/	4010.1
=	0.27

Neogen Chemicals (NSE:NEOGEN) 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.

Neogen Chemicals's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	4010.1	/	1093.4	*	365 / 4
	=	334.66

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.

Neogen Chemicals's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	4010.1	/	2014.3
	=	1.99

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.

Neogen Chemicals Inventory Turnover Related Terms

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Neogen Chemicals Business Description

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542665:India

Address

Pokhran Road, No. 2, Office No. D-1002, 10th Floor, Dev Corpora Building, Opposite Cadbury Junction, Khopat, Thane, MH, IND, 400 601

Website

https://www.neogenchem.com

Neogen Chemicals Ltd is engaged in the manufacturing of specialty chemicals that are used in the Pharmaceutical, Engineering and Agro-Chemical industries. The company manufactures bromine-based and lithium-based specialty chemicals. Its products include Organobromine compounds, Chloro compounds, Inorganic bromine compounds, Lithium Salts and others. Geographically, It generates the majority of the revenue from India and also exports to other countries.

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