PI Industries (NSE:PIIND) Inventory Turnover : 0.63 (As of Dec. 2023)

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What is PI Industries 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. PI Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹8,813 Mil. PI Industries's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹13,998 Mil. PI Industries's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PI Industries's Days Inventory for the three months ended in Dec. 2023 was 144.94.

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. PI Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.74.

PI Industries Inventory Turnover Historical Data

The historical data trend for PI Industries'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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PI Industries Inventory Turnover Chart

PI Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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3.19

2.82

2.81

2.36

2.52

PI Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.53	0.62	0.73	0.81	0.63

PI Industries Inventory Turnover Calculation

PI Industries'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 )
=	35527	/ (	(14234	+	13976)	/	2 )
=	35527	/	14105
=	2.52

PI Industries's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	8813	/ (	(13998	+	0)	/	1 )
=	8813	/	13998
=	0.63

PI Industries (NSE:PIIND) 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.

PI Industries's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	13998	/	8813	*	365 / 4
	=	144.94

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.

PI Industries's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	13998	/	18975
	=	0.74

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.

PI Industries Inventory Turnover Related Terms

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PI Industries (NSE:PIIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » PI Industries Ltd (NSE:PIIND) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

523642:India

Address

5th floor, Vipul Square, Phase I, 5th Floor, B-Block, Sushant Lok, Gurugram, HR, IND, 122009

Website

https://www.piindustries.com

PI Industries Ltd manufactures, distributes, and sells agrochemicals, specialty fertilizers, and seeds to the agriculture industry. The firm's agrochemicals portfolio includes insecticides, fungicides, and plant health products. The company competes on price with the manufacture and sale of generic products. PI Industries reports sales across two Geographical segments: within India and outside India. The outside India the firm holds business division primarily in Japan, Germany, and China. In India, the firm sells its products through a large network of distributors and retail outlets. The Group has one reportable business segment which is Agro Chemicals.

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