Patanjali Foods (BOM:500368) Inventory Turnover : 1.90 (As of Mar. 2024)

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What is Patanjali 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. Patanjali Foods's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹71,411 Mil. Patanjali Foods's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹37,678 Mil. Patanjali Foods's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Patanjali Foods's Days Inventory for the three months ended in Mar. 2024 was 48.15.

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. Patanjali Foods's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.46.

Patanjali Foods Inventory Turnover Historical Data

The historical data trend for Patanjali 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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Patanjali Foods Inventory Turnover Chart

Patanjali Foods Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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9.20

7.85

8.28

8.05

7.10

Patanjali Foods 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															1.71	1.70	1.44	1.46	1.90

Patanjali Foods Inventory Turnover Calculation

Patanjali Foods'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 )
=	278059.17	/ (	(40699.786	+	37677.866)	/	2 )
=	278059.17	/	39188.826
=	7.10

Patanjali Foods'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 )
=	71411.087	/ (	(0	+	37677.866)	/	1 )
=	71411.087	/	37677.866
=	1.90

Patanjali Foods (BOM:500368) 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.

Patanjali Foods'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
	=	37677.866	/	71411.087	*	365 / 4
	=	48.15

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.

Patanjali Foods'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 )
	=	37677.866	/	82216.629
	=	0.46

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.

Patanjali Foods Inventory Turnover Related Terms

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Patanjali Foods (BOM:500368) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Patanjali Foods Ltd (BOM:500368) » Definitions » Inventory Turnover

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PATANJALI:India

Address

601, A.B. Road, Part B-2, 6th Floor, Metro Tower, Vijay Nagar, Indore, MP, IND, 452 010

Website

http://www.ruchisoya.com

Patanjali Foods Ltd is engaged in the business of processing oilseeds and refining crude oil for edible use. It operates through the following segments: Seed Extractions, Oils and Vanaspati, Food Products, and Wind Power Generation. The Extraction segment includes various types of seed extractions. The Oils and Vanaspati segment includes crude oils, refined oils, vanaspati, bakery fats and table spread. The Food Products segment comprises textured soya protein and soya flour. The Wind Power Generation segment involves electricity generation from windmills.

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