Shivalik Rasayan (NSE:SHIVALIK) Inventory Turnover : 0.41 (As of Sep. 2024)

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What is Shivalik Rasayan 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. Shivalik Rasayan's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹434 Mil. Shivalik Rasayan's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹1,049 Mil. Shivalik Rasayan's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shivalik Rasayan's Days Inventory for the three months ended in Sep. 2024 was 220.86.

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. Shivalik Rasayan's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.27.

Shivalik Rasayan Inventory Turnover Historical Data

The historical data trend for Shivalik Rasayan'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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Shivalik Rasayan Inventory Turnover Chart

Shivalik Rasayan Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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6.35

8.52

5.07

2.47

1.85

Shivalik Rasayan Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.38	0.40	0.60	0.41	0.41

Shivalik Rasayan Inventory Turnover Calculation

Shivalik Rasayan'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 )
=	1639.405	/ (	(749.889	+	1018.269)	/	2 )
=	1639.405	/	884.079
=	1.85

Shivalik Rasayan'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 )
=	433.605	/ (	(0	+	1049.482)	/	1 )
=	433.605	/	1049.482
=	0.41

Shivalik Rasayan (NSE:SHIVALIK) 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.

Shivalik Rasayan'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
	=	1049.482	/	433.605	*	365 / 4
	=	220.86

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.

Shivalik Rasayan'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 )
	=	1049.482	/	824.427
	=	1.27

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.

Shivalik Rasayan Inventory Turnover Related Terms

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Shivalik Rasayan Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Shivalik Rasayan Ltd (NSE:SHIVALIK) » Definitions » Inventory Turnover

Comparable Companies

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539148:India

Address

1506, Chiranjiv Tower, 43, Nehru Place, New Delhi, IND, 110 019

Website

https://www.shivalikrasayan.com

Shivalik Rasayan Ltd is an Indian manufacturer of Agrochemicals and Active Pharma Ingredients (API). The company's business units cover Pharmaceuticals, Agrochemicals, Intellectual property, and R&D centers. The company derives revenue from the manufacture and export of pharmaceutical products.

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