Jindal Poly Films (BOM:500227) Inventory Turnover : 0.67 (As of Dec. 2023)

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What is Jindal Poly Films 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. Jindal Poly Films's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹7,180 Mil. Jindal Poly Films's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹10,695 Mil. Jindal Poly Films's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jindal Poly Films's Days Inventory for the three months ended in Dec. 2023 was 135.93.

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. Jindal Poly Films's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.09.

Jindal Poly Films Inventory Turnover Historical Data

The historical data trend for Jindal Poly Films'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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Jindal Poly Films Inventory Turnover Chart

Jindal Poly Films Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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6.42

4.88

4.17

5.13

4.06

Jindal Poly Films Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.65	1.13	0.61	0.69	0.67

Jindal Poly Films Inventory Turnover Calculation

Jindal Poly Films'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 )
=	38944.597	/ (	(9072.342	+	10088.738)	/	2 )
=	38944.597	/	9580.54
=	4.06

Jindal Poly Films's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	7179.6	/ (	(10694.9	+	0)	/	1 )
=	7179.6	/	10694.9
=	0.67

Jindal Poly Films (BOM:500227) 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.

Jindal Poly Films's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	10694.9	/	7179.6	*	365 / 4
	=	135.93

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.

Jindal Poly Films's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	10694.9	/	9837.6
	=	1.09

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.

Jindal Poly Films Inventory Turnover Related Terms

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Jindal Poly Films (BOM:500227) Business Description

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JINDALPOLY:India

Address

Plot Number 12, Sector B-1, Local Shopping Complex, Vasant Kunj, New Delhi, IND, 110070

Website

https://www.jindalpoly.com

Jindal Poly Films Ltd is an Indian company which is a producer of Polyester and BOPP films (plain, metalized and coated) which are mainly used in the flexible packaging industry. The company also supplies specialty and top coated BOPP films to the brand owners in food, beverage, and confectionery. The product pipeline includes PET films, Bopp films, Metalized films, Coated films, and others. The company operates through two business segments namely Packaging Films Business, and Nonwoven Fabrics. The majority of the company's revenue comes from Packaging Films Business.

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