Andhra Paper (BOM:502330) Inventory Turnover : 0.90 (As of Mar. 2024)

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What is Andhra Paper 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. Andhra Paper's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,125 Mil. Andhra Paper's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹2,370 Mil. Andhra Paper's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Andhra Paper's Days Inventory for the three months ended in Mar. 2024 was 101.77.

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. Andhra Paper's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.65.

Andhra Paper Inventory Turnover Historical Data

The historical data trend for Andhra Paper'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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Andhra Paper Inventory Turnover Chart

Andhra Paper Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.01

2.51

4.60

5.47

4.46

Andhra Paper 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															1.35	1.19	1.42	1.47	0.90

Andhra Paper Inventory Turnover Calculation

Andhra Paper'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 )
=	9149.598	/ (	(1736.595	+	2369.839)	/	2 )
=	9149.598	/	2053.217
=	4.46

Andhra Paper'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 )
=	2124.928	/ (	(0	+	2369.839)	/	1 )
=	2124.928	/	2369.839
=	0.90

Andhra Paper (BOM:502330) 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.

Andhra Paper'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
	=	2369.839	/	2124.928	*	365 / 4
	=	101.77

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.

Andhra Paper'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 )
	=	2369.839	/	3643.829
	=	0.65

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.

Andhra Paper Inventory Turnover Related Terms

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Andhra Paper (BOM:502330) Business Description

Industry

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ANDHRAPAP:India

Address

No. 31, Chowringee Road, 1st Floor, Kolkata, WB, IND, 700016

Website

https://www.andhrapaper.com

Andhra Paper Ltd is an integrated paper and pulp manufacturer in India. The company is engaged in the business of manufacturing pulp, paper, and paperboard. The company produces writing, printing, copier, and industrial papers for Indian and international markets. In addition, the company also provides a range of office documentation and multipurpose papers, from economy to premium grades for both home and commercial use. The company operates in India and makes certain sales to customers situated outside of India.

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