Southern Petrochemicals Industries (NSE:SPIC) Inventory Turnover : 0.70 (As of Mar. 2024)

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What is Southern Petrochemicals Industries 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. Southern Petrochemicals Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹663 Mil. Southern Petrochemicals Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹952 Mil. Southern Petrochemicals Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Southern Petrochemicals Industries's Days Inventory for the three months ended in Mar. 2024 was 131.00.

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. Southern Petrochemicals Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.79.

Southern Petrochemicals Industries Inventory Turnover Historical Data

The historical data trend for Southern Petrochemicals 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.

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Southern Petrochemicals Industries Inventory Turnover Chart

Southern Petrochemicals Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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7.43

3.41

3.00

6.07

8.30

Southern Petrochemicals Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.32	1.74	4.71	3.35	0.70

Southern Petrochemicals Industries Inventory Turnover Calculation

Southern Petrochemicals Industries'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 )
=	13099.5	/ (	(2204.966	+	951.5)	/	2 )
=	13099.5	/	1578.233
=	8.30

Southern Petrochemicals Industries's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	662.8	/ (	(0	+	951.5)	/	1 )
=	662.8	/	951.5
=	0.70

Southern Petrochemicals Industries (NSE:SPIC) 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.

Southern Petrochemicals Industries's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	951.5	/	662.8	*	365 / 4
	=	131.00

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.

Southern Petrochemicals Industries's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	951.5	/	1200.5
	=	0.79

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.

Southern Petrochemicals Industries Inventory Turnover Related Terms

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Southern Petrochemicals Industries (NSE:SPIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Southern Petrochemicals Industries Corp Ltd (NSE:SPIC) » Definitions » Inventory Turnover

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590030:India

Address

Number 88 Mount Road, SPIC House, Guindy, Chennai, TN, IND, 600 032

Website

https://www.spic.in

Southern Petrochemicals Industries Corp Ltd is a fertilizer manufacturing company. It is engaged in the manufacture and sale of Urea. The company produces fertilizers to improve soil consistency and efficiency for the agricultural sector. The business segments of the company are agro-input products concerned with urea operations and other products which include tissue culture and seeds. It offers products like chemical fertilizers, water-soluble fertilizers, organic fertilizers, micronutrients, plant growth regulators, and industrial products. The sale of agro-input products serves as the key revenue source for the company which is generated within India.

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