Vadivarhe Speciality Chemicals (NSE:VSCL) Inventory Turnover : 1.64 (As of Sep. 2023)

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What is Vadivarhe Speciality Chemicals 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. Vadivarhe Speciality Chemicals's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹129.9 Mil. Vadivarhe Speciality Chemicals's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹79.2 Mil. Vadivarhe Speciality Chemicals's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vadivarhe Speciality Chemicals's Days Inventory for the six months ended in Sep. 2023 was 111.29.

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. Vadivarhe Speciality Chemicals's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.56.

Vadivarhe Speciality Chemicals Inventory Turnover Historical Data

The historical data trend for Vadivarhe Speciality Chemicals'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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Vadivarhe Speciality Chemicals Inventory Turnover Chart

Vadivarhe Speciality Chemicals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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4.14

4.28

4.12

4.21

4.33

Vadivarhe Speciality Chemicals Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial														1.57	1.59	2.41	1.92	1.64

Vadivarhe Speciality Chemicals Inventory Turnover Calculation

Vadivarhe Speciality Chemicals'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 )
=	333.113	/ (	(68.235	+	85.747)	/	2 )
=	333.113	/	76.991
=	4.33

Vadivarhe Speciality Chemicals'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 )
=	129.856	/ (	(85.747	+	72.629)	/	2 )
=	129.856	/	79.188
=	1.64

Vadivarhe Speciality Chemicals (NSE:VSCL) 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.

Vadivarhe Speciality Chemicals'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
	=	79.188	/	129.856	*	365 / 2
	=	111.29

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.

Vadivarhe Speciality Chemicals'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 )
	=	79.188	/	140.991
	=	0.56

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.

Vadivarhe Speciality Chemicals Inventory Turnover Related Terms

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Vadivarhe Speciality Chemicals (NSE:VSCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Vadivarhe Speciality Chemicals Ltd (NSE:VSCL) » Definitions » Inventory Turnover

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Address

Gat No. 204, Vadivarhe, Igatpuri, Nashik, MH, IND, 422403

Website

https://www.vscl.in

Vadivarhe Speciality Chemicals Ltd is a company that engages in organic chemicals for a variety of uses. The company manufactures specialty chemicals, and active ingredients for pharmaceutical and intermediate, and personal care use. Its product range comprises Intermediates, Ingredients for Personal and Hair Care Products, and Speciality Chemicals for API manufacturers.

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