Nirman Agri Genetics (NSE:NIRMAN) Inventory Turnover : 1.97 (As of Sep. 2024)

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What is Nirman Agri Genetics 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. Nirman Agri Genetics's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹543 Mil. Nirman Agri Genetics's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹276 Mil. Nirman Agri Genetics's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nirman Agri Genetics's Days Inventory for the three months ended in Sep. 2024 was 46.43.

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. Nirman Agri Genetics's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.44.

Nirman Agri Genetics Inventory Turnover Historical Data

The historical data trend for Nirman Agri Genetics'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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Nirman Agri Genetics Inventory Turnover Chart

Nirman Agri Genetics Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

5.55

14.78

15.86

8.47

7.61

Nirman Agri Genetics Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial						1.80	2.51	-	5.33	1.97

Nirman Agri Genetics Inventory Turnover Calculation

Nirman Agri Genetics'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 )
=	493.36	/ (	(46.931	+	82.772)	/	2 )
=	493.36	/	64.8515
=	7.61

Nirman Agri Genetics'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 )
=	542.839	/ (	(0	+	276.183)	/	1 )
=	542.839	/	276.183
=	1.97

Nirman Agri Genetics (NSE:NIRMAN) 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.

Nirman Agri Genetics'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
	=	276.183	/	542.839	*	365 / 4
	=	46.43

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.

Nirman Agri Genetics'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 )
	=	276.183	/	620.919
	=	0.44

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.

Nirman Agri Genetics Inventory Turnover Related Terms

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Nirman Agri Genetics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Nirman Agri Genetics Ltd (NSE:NIRMAN) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Dindori Road, Vedant Apartment, Near Reliance Shopee, Panchavati, Nashik, MH, IND, 422 003

Website

https://www.nirmanagrigen.com

Nirman Agri Genetics Ltd is an organized Agri-Input company in India. It is in the business of production, processing, and marketing of high-quality hybrid seeds, pesticides, and bio-organic. These processes are used for different crops like corn, sunflower, cotton, paddy, grain sorghum, and others. It is engaged in the business of Agriculture Industry, Manufacturing & Processing of seeds. Its geographical segments include Revenue within India includes sales to customers located within India and Revenue outside India includes sales to customers located outside India including Export Benefits or Incentives.

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