Srivasavi Adhesive Tapes (NSE:SRIVASAVI) Inventory Turnover : 2.79 (As of Sep. 2023)

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What is Srivasavi Adhesive Tapes 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. Srivasavi Adhesive Tapes's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹292.0 Mil. Srivasavi Adhesive Tapes's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹104.5 Mil. Srivasavi Adhesive Tapes's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Srivasavi Adhesive Tapes's Days Inventory for the six months ended in Sep. 2023 was 65.32.

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. Srivasavi Adhesive Tapes's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.26.

Srivasavi Adhesive Tapes Inventory Turnover Historical Data

The historical data trend for Srivasavi Adhesive Tapes'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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Srivasavi Adhesive Tapes Inventory Turnover Chart

Srivasavi Adhesive Tapes Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

8.00

10.91

8.03

4.73

Srivasavi Adhesive Tapes Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial			-	-	2.78	1.73	2.79

Srivasavi Adhesive Tapes Inventory Turnover Calculation

Srivasavi Adhesive Tapes's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	422.7	/ (	(81	+	97.9)	/	2 )
=	422.7	/	89.45
=	4.73

Srivasavi Adhesive Tapes's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	292.033	/ (	(97.9	+	111.133)	/	2 )
=	292.033	/	104.5165
=	2.79

Srivasavi Adhesive Tapes (NSE:SRIVASAVI) 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.

Srivasavi Adhesive Tapes's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	104.5165	/	292.033	*	365 / 2
	=	65.32

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.

Srivasavi Adhesive Tapes's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	104.5165	/	400.715
	=	0.26

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.

Srivasavi Adhesive Tapes Inventory Turnover Related Terms

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Srivasavi Adhesive Tapes (NSE:SRIVASAVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Srivasavi Adhesive Tapes Ltd (NSE:SRIVASAVI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kodigehalli Main Road, Kodigehalli, 17/2, 2nd Floor, Above Sub Registrar Office, Near Chairman’s Club, Sahakarnagar, Sanjeevini Nagar, Bangalore, KA, IND, 560092

Website

https://www.vasavitapes.com

Srivasavi Adhesive Tapes Ltd is engaged in manufacturing, coating, converting and distribution of Adhesive tapes, Die cuts, Films, Foams and allied products. The company caters to various industries such as Automotive, Locomotives, Aerospace, Defence, Electrical & Electronics, Renewable Energy, Solar, Print & Paper, Food & Pharma, FMCG, White & Brown Goods, Furniture, Retail, Construction, Infrastructure, Sports & Fitness Equipment. The company has two business divisions Domestic Sales and Exports.

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