Shubhshree Biofuels Energy (NSE:SHUBHSHREE) Inventory Turnover : 38.55 (As of Sep. 2024)

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What is Shubhshree Biofuels Energy 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. Shubhshree Biofuels Energy's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹575.3 Mil. Shubhshree Biofuels Energy's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹14.9 Mil. Shubhshree Biofuels Energy's Inventory Turnover for the quarter that ended in Sep. 2024 was 38.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shubhshree Biofuels Energy's Days Inventory for the six months ended in Sep. 2024 was 4.73.

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. Shubhshree Biofuels Energy's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.02.

Shubhshree Biofuels Energy Inventory Turnover Historical Data

The historical data trend for Shubhshree Biofuels Energy'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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Shubhshree Biofuels Energy Inventory Turnover Chart

Shubhshree Biofuels Energy Annual Data

Trend

Mar22

Mar23

Mar24

Inventory Turnover

83.05

593.31

168.44

Shubhshree Biofuels Energy Semi-Annual Data
	Mar22	Mar23	Mar24	Sep24
Inventory Turnover	-	-	-	38.55

Shubhshree Biofuels Energy Inventory Turnover Calculation

Shubhshree Biofuels Energy'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 )
=	774.221	/ (	(0.811	+	8.382)	/	2 )
=	774.221	/	4.5965
=	168.44

Shubhshree Biofuels Energy'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 )
=	575.253	/ (	(8.382	+	21.465)	/	2 )
=	575.253	/	14.9235
=	38.55

Shubhshree Biofuels Energy (NSE:SHUBHSHREE) 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.

Shubhshree Biofuels Energy'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
	=	14.9235	/	575.253	*	365 / 2
	=	4.73

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.

Shubhshree Biofuels Energy'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 )
	=	14.9235	/	773.644
	=	0.02

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.

Shubhshree Biofuels Energy Inventory Turnover Related Terms

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Shubhshree Biofuels Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Shubhshree Biofuels Energy Ltd (NSE:SHUBHSHREE) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Pandit T.N Mishra Marg, Plot No. 8 Ganesh Vihar B, Nirman Nagar, Shyam Nagar, Jaipur, RJ, IND, 302019

Website

https://www.shubhshreebiofuels.co.in

Shubhshree Biofuels Energy Ltd is engaged in the business of manufacturing & supplying of biomass fuels, which includes biomass pellets and briquettes. These biomass fuels are an alternative source of energy which are basically used in commercial and industrial heating, cooking fuel, industrial burning and electricity generation, as an alternative to fossil fuels like coal, firewood, lignite, Agri-waste, etc. The briquettes are majorly used for industrial purposes like running boilers etc. and the pellets are majorly used as cooking fuel or commercial purposes. The company is currently selling these pellets and briquettes to customers who are engaged in the business of recycling material, textile processing, pharmaceutical, metal, etc.

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