Polysil Irrigation Systems (NSE:POLYSIL) Inventory Turnover : 1.99 (As of Mar. 2023)

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What is Polysil Irrigation Systems 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. Polysil Irrigation Systems's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹259.2 Mil. Polysil Irrigation Systems's Average Total Inventories for the quarter that ended in Mar. 2023 was ₹130.3 Mil. Polysil Irrigation Systems's Inventory Turnover for the quarter that ended in Mar. 2023 was 1.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Polysil Irrigation Systems's Days Inventory for the six months ended in Mar. 2023 was 91.74.

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. Polysil Irrigation Systems's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.30.

Polysil Irrigation Systems Inventory Turnover Historical Data

The historical data trend for Polysil Irrigation Systems'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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Polysil Irrigation Systems Inventory Turnover Chart

Polysil Irrigation Systems Annual Data

Trend

Mar21

Mar22

Mar23

Inventory Turnover

2.56

1.60

1.99

Polysil Irrigation Systems Semi-Annual Data
	Mar21	Mar22	Mar23
Inventory Turnover	2.56	1.60	1.99

Polysil Irrigation Systems Inventory Turnover Calculation

Polysil Irrigation Systems'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 )
=	259.187	/ (	(121.146	+	139.427)	/	2 )
=	259.187	/	130.2865
=	1.99

Polysil Irrigation Systems'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 )
=	259.187	/ (	(121.146	+	139.427)	/	2 )
=	259.187	/	130.2865
=	1.99

Polysil Irrigation Systems (NSE:POLYSIL) 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.

Polysil Irrigation Systems'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
	=	130.2865	/	259.187	*	365 / 2
	=	91.74

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.

Polysil Irrigation Systems'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 )
	=	130.2865	/	438.766
	=	0.30

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.

Polysil Irrigation Systems Inventory Turnover Related Terms

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Polysil Irrigation Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Polysil Irrigation Systems Ltd (NSE:POLYSIL) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Survey No- 340/1, Beside Hystuff Steel, At Post Raniya, Taluka Savli, District Vadodara, Vadodara, GJ, IND, 391780

Website

https://www.polysilirrigation.com

Polysil Irrigation Systems Ltd is engaged in manufacturing and sale of HDPE pipes, fittings and micro irrigation systems, such as drip irrigation system and sprinkler irrigation system, its components, accessories and allied products. Its product range includes HDPE Pipes, pipe fittings and irrigation equipment's, including disc filters, screen filters, hydro-cyclone filters, sand filters (gravel), compression fittings, valves (electrical and mechanicals), fertilizer tanks, Digital Controllers, Pressure Gauges, etc.

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