Shanti Overseas (India) (NSE:SHANTI) Inventory Turnover : 2.59 (As of Sep. 2024)

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What is Shanti Overseas (India) 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. Shanti Overseas (India)'s Cost of Goods Sold for the six months ended in Sep. 2024 was ₹48.47 Mil. Shanti Overseas (India)'s Average Total Inventories for the quarter that ended in Sep. 2024 was ₹18.69 Mil. Shanti Overseas (India)'s Inventory Turnover for the quarter that ended in Sep. 2024 was 2.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanti Overseas (India)'s Days Inventory for the six months ended in Sep. 2024 was 70.35.

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. Shanti Overseas (India)'s Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.41.

Shanti Overseas (India) Inventory Turnover Historical Data

The historical data trend for Shanti Overseas (India)'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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Shanti Overseas (India) Inventory Turnover Chart

Shanti Overseas (India) Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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11.79

12.55

17.43

35.62

5.76

Shanti Overseas (India) Semi-Annual Data
	Mar17	Sep17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial										19.05	4.81	27.69	1.85	2.59

Shanti Overseas (India) Inventory Turnover Calculation

Shanti Overseas (India)'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 )
=	106.868	/ (	(2.486	+	34.604)	/	2 )
=	106.868	/	18.545
=	5.76

Shanti Overseas (India)'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: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	48.47	/ (	(34.604	+	2.767)	/	2 )
=	48.47	/	18.6855
=	2.59

Shanti Overseas (India) (NSE:SHANTI) 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.

Shanti Overseas (India)'s Days Inventory for the six 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
	=	18.6855	/	48.47	*	365 / 2
	=	70.35

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.

Shanti Overseas (India)'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 )
	=	18.6855	/	45.322
	=	0.41

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.

Shanti Overseas (India) Inventory Turnover Related Terms

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Shanti Overseas (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shanti Overseas (India) Ltd (NSE:SHANTI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

8/5 Yeshwant Niwas Road, 203, 2nd Floor, N.M. Verge, Indore, MP, IND, 452003

Website

https://www.shantioverseas.com

Shanti Overseas (India) Ltd is a company engaged in the manufacturing of grains Pulses and other Agri Commodity. It manufactures soya products which include, soya de-oiled cakes (soya meal), soya crude oil, degummed oil and soya lecithin. The company also processes and trades Agri commodities such as chickpeas, soya beans, cracked corn, maize, yellow peas and pulses.

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