Supreme Petrochem (BOM:500405) Inventory Turnover : 2.70 (As of Mar. 2024)

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What is Supreme Petrochem 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. Supreme Petrochem's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹12,955 Mil. Supreme Petrochem's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹4,806 Mil. Supreme Petrochem's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Supreme Petrochem's Days Inventory for the three months ended in Mar. 2024 was 33.85.

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. Supreme Petrochem's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.31.

Supreme Petrochem Inventory Turnover Historical Data

The historical data trend for Supreme Petrochem'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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Supreme Petrochem Inventory Turnover Chart

Supreme Petrochem Annual Data

Trend

Jun14

Jun15

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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9.41

8.00

12.46

9.07

7.88

Supreme Petrochem Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.43	1.70	1.97	2.22	2.70

Supreme Petrochem Inventory Turnover Calculation

Supreme Petrochem'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 )
=	44430.719	/ (	(6469.314	+	4806.033)	/	2 )
=	44430.719	/	5637.6735
=	7.88

Supreme Petrochem'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 )
=	12954.633	/ (	(0	+	4806.033)	/	1 )
=	12954.633	/	4806.033
=	2.70

Supreme Petrochem (BOM:500405) 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.

Supreme Petrochem'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
	=	4806.033	/	12954.633	*	365 / 4
	=	33.85

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.

Supreme Petrochem'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 )
	=	4806.033	/	15582.182
	=	0.31

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.

Supreme Petrochem Inventory Turnover Related Terms

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Supreme Petrochem (BOM:500405) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Supreme Petrochem Ltd (BOM:500405) » Definitions » Inventory Turnover

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SPLPETRO:India

Address

Andheri-Ghatkopar Link Road, Solitaire Corporate Park, Building No. 11, 5th Floor, 167, Guru Hargovindji Marg, Chakala, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.supremepetrochem.com

Supreme Petrochem Ltd manufactures and trades in petrochemicals. The company owns production facilities at Raigad, Maharashtra and in Chennai, Tamil Nadu. Its product portfolio consists of general-purpose polystyrene, specialty polystyrene, masterbatches, high impact polystyrene, FR high impact polystyrene, toughened polystyrene, and extruded polystyrene foam boards.

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