Refex Industries (NSE:REFEX) Inventory Turnover: 9.96 (As of Mar. 2026)


NSE:REFEX Refex Industries Ltd NSE:REFEX
88 GF Score
Price ₹348.95
GF Value ₹294.35
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Refex Industries Inventory Turnover?

Refex Industries NSE:REFEX +3.21% 88 Inventory Turnover is 9.96 as of Mar. 2026. GuruFocus rates NSE:REFEX with a GF Score™ of 88/100 and a GF Value™ of ₹294.35 (Modestly Overvalued). The stock has 6 warning signs investors should review.

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. Refex Industries's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹7,578 Mil. Refex Industries's Average Total Inventories for the quarter that ended in Mar. 2026 was ₹761 Mil. Refex Industries's Inventory Turnover for the quarter that ended in Mar. 2026 was 9.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Refex Industries's Days Inventory for the three months ended in Mar. 2026 was 9.16.

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. Refex Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.08.

Refex Industries  (NSE:REFEX) 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.

Refex Industries's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=760.713/7578.253*365 / 4
=9.16

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.

Refex Industries's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=760.713 / 9341.661
=0.08

* 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.

Refex Industries Inventory Turnover Related Terms

Refex Industries Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Refex 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.

Refex Industries Inventory Turnover Chart

Refex Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.59 155.64 131.87 273.99 44.63

Refex Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 69.66 43.54 5.65 7.77 9.96
NSE:REFEX
88GF Score
Refex Industries Ltd NSE:REFEX
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Refex Industries Inventory Turnover Calculation

Refex Industries's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Inventory Turnover (A: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2026 ) / ((Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count )
=18630.83 / ((74.149 + 760.713) / 2 )
=18630.83 / 417.431
=44.63

Refex Industries's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=7578.253 / ((0 + 760.713) / 1 )
=7578.253 / 760.713
=9.96

* 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 9.96 mean?
Refex Industries (NSE:REFEX) has a Inventory Turnover of 9.96 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Refex Industries and its competitors.
Is Refex Industries' Inventory Turnover too high?
Refex Industries' current Inventory Turnover is 9.96. Overall, Refex Industries has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Refex Industries' Inventory Turnover compare to competitors?
Refex Industries' Inventory Turnover of 9.96 can be compared against companies in the Other Energy Sources 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 an Other Energy Sources company?
A good Inventory Turnover depends on the Other Energy Sources 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 Refex Industries and its competitors. Refex Industries's current Inventory Turnover is 9.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Refex Industries stock overvalued right now?
Based on GuruFocus' analysis, Refex Industries (NSE:REFEX) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹294.35, compared to a current price of ₹348.95 — trading 18.5% above its estimated fair value. The current Inventory Turnover is 9.96. Refex Industries' overall GF Score™ is 88/100 with 6 warning signs to review. 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 Refex Industries (NSE:REFEX), the current Inventory Turnover is 9.96 as of Mar. 2026. 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.

Is Refex Industries (NSE:REFEX) Overvalued in 2026?

Based on GuruFocus' analysis, Refex Industries stock appears to be overvalued. The current stock price of ₹348.95 is trading 18.5% above its estimated GF Value™ of ₹294.35. GuruFocus considers Refex Industries to be Modestly Overvalued.

Key valuation signals for NSE:REFEX:

  • Inventory Turnover: 9.96
  • GF Value™: ₹294.35 vs. price of ₹348.95 (18.5% above fair value)
  • GF Score™: 88/100 with 6 warning signs

No single metric tells the full story. See the NSE:REFEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Refex Industries Business Description

Other Exchanges 532884:India
Address Refex Building, 67, Bazullah Road, Parthasarathy Puram, T Nagar, Chennai, TN, IND, 600017
Refex Industries Ltd is a manufacturer and refiller of refrigerant gases. The company's operating segment includes Coal & Ash Handling Business, Solar Power - Generation and Related Activities, Refrigerant Gas- (Refilling) and Sales, Sale Of Services, Power Trading, and Others. Geographically, the business activities are operated throughout the region of India.
88GF Score

Get the complete analysis for NSE:REFEX

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹348.95
Price
₹294.35
GF Value