Aegis Logistics (BOM:500003) Inventory Turnover : 23.09 (As of Mar. 2024)

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What is Aegis Logistics 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. Aegis Logistics's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹14,683 Mil. Aegis Logistics's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹636 Mil. Aegis Logistics's Inventory Turnover for the quarter that ended in Mar. 2024 was 23.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aegis Logistics's Days Inventory for the three months ended in Mar. 2024 was 3.95.

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. Aegis Logistics's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

Aegis Logistics Inventory Turnover Historical Data

The historical data trend for Aegis Logistics'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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Aegis Logistics Inventory Turnover Chart

Aegis Logistics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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170.71

67.20

54.69

64.73

55.95

Aegis Logistics 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															12.93	12.60	7.88	13.03	23.09

Aegis Logistics Inventory Turnover Calculation

Aegis Logistics'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 )
=	59043.7	/ (	(1474.724	+	635.8)	/	2 )
=	59043.7	/	1055.262
=	55.95

Aegis Logistics'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 )
=	14683.1	/ (	(0	+	635.8)	/	1 )
=	14683.1	/	635.8
=	23.09

Aegis Logistics (BOM:500003) 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.

Aegis Logistics'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
	=	635.8	/	14683.1	*	365 / 4
	=	3.95

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.

Aegis Logistics'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 )
	=	635.8	/	18371.7
	=	0.03

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.

Aegis Logistics Inventory Turnover Related Terms

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Aegis Logistics (BOM:500003) Business Description

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AEGISCHEM:India

Address

Ganpatrao Kadam Marg, 1202, 12th Floor, Tower B, Peninsula Business Park, Lower Parel (West), Mumbai, MH, IND, 400013

Website

https://www.aegisindia.com

Aegis Logistics Ltd. is an oil, gas, and petrochemical logistics company based out of India. It operates a network of bulk liquid handling terminals, liquefied petroleum gas (LPG) terminals, filling plants, pipelines, and gas stations to deliver products and services. Clients consist mainly of Indian industrial companies and retail customers that utilize gas stations. The majority of revenue is derived from gas terminal operations. Gas logistics encompasses complete supply chain management and delivers both pressurized and refrigerated cargoes to several major ports on the coastline of India, including its own LPG terminals. Terminals include tank farm installations and are connected by pipelines at various sites. The pipelines handle exportation and importation of various products.

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