Srivari Spices and Foods (NSE:SSFL) Inventory Turnover : 4.90 (As of Mar. 2023)

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What is Srivari Spices and Foods 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. Srivari Spices and Foods's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹252.2 Mil. Srivari Spices and Foods's Average Total Inventories for the quarter that ended in Mar. 2023 was ₹51.4 Mil. Srivari Spices and Foods's Inventory Turnover for the quarter that ended in Mar. 2023 was 4.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Srivari Spices and Foods's Days Inventory for the six months ended in Mar. 2023 was 37.23.

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. Srivari Spices and Foods's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.14.

Srivari Spices and Foods Inventory Turnover Historical Data

The historical data trend for Srivari Spices and Foods'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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Srivari Spices and Foods Inventory Turnover Chart

Srivari Spices and Foods Annual Data

Trend

Mar21

Mar22

Mar23

Inventory Turnover

9.03

9.73

4.90

Srivari Spices and Foods Semi-Annual Data
	Mar21	Mar22	Mar23
Inventory Turnover	9.03	9.73	4.90

Srivari Spices and Foods Inventory Turnover Calculation

Srivari Spices and Foods'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 )
=	252.175	/ (	(19.533	+	83.355)	/	2 )
=	252.175	/	51.444
=	4.90

Srivari Spices and Foods's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	252.175	/ (	(19.533	+	83.355)	/	2 )
=	252.175	/	51.444
=	4.90

Srivari Spices and Foods (NSE:SSFL) 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.

Srivari Spices and Foods's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	51.444	/	252.175	*	365 / 2
	=	37.23

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.

Srivari Spices and Foods's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	51.444	/	358.129
	=	0.14

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.

Srivari Spices and Foods Inventory Turnover Related Terms

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Srivari Spices and Foods (NSE:SSFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Srivari Spices and Foods Ltd (NSE:SSFL) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

207, Second Floor, RDB Blue Hope, 4-1-878, 876, 877 and 877/1, Abids, Hyderabad, TG, IND, 500001

Website

https://www.srivarispices.com

Srivari Spices and Foods Ltd is engaged in the business of manufacturing spices and flour (chakki atta) and marketing and selling them in and around Telangana and Andhra Pradesh. The company handpicks its raw materials from various parts of the country and processes its products with utmost care without the use of artificial preservatives or chemicals, thereby creating a product portfolio of organic spices and flour, which carry the freshness and goodness of each ingredient.

Srivari Spices and Foods (NSE:SSFL) Headlines

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