Cochin Minerals & Rutile (BOM:513353) Inventory Turnover : 0.33 (As of Dec. 2023)

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What is Cochin Minerals & Rutile 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. Cochin Minerals & Rutile's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹302 Mil. Cochin Minerals & Rutile's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹914 Mil. Cochin Minerals & Rutile's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cochin Minerals & Rutile's Days Inventory for the three months ended in Dec. 2023 was 276.12.

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. Cochin Minerals & Rutile's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.11.

Cochin Minerals & Rutile Inventory Turnover Historical Data

The historical data trend for Cochin Minerals & Rutile'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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Cochin Minerals & Rutile Inventory Turnover Chart

Cochin Minerals & Rutile Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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2.37

2.79

3.72

5.87

6.57

Cochin Minerals & Rutile 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															0.63	3.30	0.82	0.19	0.33

Cochin Minerals & Rutile Inventory Turnover Calculation

Cochin Minerals & Rutile'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 )
=	2882.968	/ (	(508.825	+	368.81)	/	2 )
=	2882.968	/	438.8175
=	6.57

Cochin Minerals & Rutile'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 )
=	302.064	/ (	(914.042	+	0)	/	1 )
=	302.064	/	914.042
=	0.33

Cochin Minerals & Rutile (BOM:513353) 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.

Cochin Minerals & Rutile'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
	=	914.042	/	302.064	*	365 / 4
	=	276.12

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.

Cochin Minerals & Rutile'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 )
	=	914.042	/	821.604
	=	1.11

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.

Cochin Minerals & Rutile Inventory Turnover Related Terms

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Cochin Minerals & Rutile (BOM:513353) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cochin Minerals & Rutile Ltd (BOM:513353) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

VIII/224, Market Road, Post Box No. 73, Alwaye, KL, IND, 683 101

Website

https://www.cmrlindia.com

Cochin Minerals & Rutile Ltd is an export-oriented unit in the mineral processing sector. The principal business activities of the company are manufacturing, research and marketing of aqua ferric chloride. Its by-product offerings include beneficiated ilmenite (synthetic rutile), ferric chloride, ferrous chloride, cemox, iron hydroxide, and recovered TiO2. The company's main product synthetic rutile is used in titanium pigment and titanium sponge/metal industry.

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