Vinati Organics (BOM:524200) Inventory Turnover : 1.64 (As of Mar. 2024)

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What is Vinati Organics 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. Vinati Organics's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹3,259 Mil. Vinati Organics's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹1,985 Mil. Vinati Organics's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vinati Organics's Days Inventory for the three months ended in Mar. 2024 was 55.58.

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. Vinati Organics's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.36.

Vinati Organics Inventory Turnover Historical Data

The historical data trend for Vinati Organics'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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Vinati Organics Inventory Turnover Chart

Vinati Organics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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5.16

4.17

6.56

6.77

5.90

Vinati Organics 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															1.57	1.36	1.52	1.50	1.64

Vinati Organics Inventory Turnover Calculation

Vinati Organics'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 )
=	11485.675	/ (	(1909.484	+	1985.428)	/	2 )
=	11485.675	/	1947.456
=	5.90

Vinati Organics'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 )
=	3259.463	/ (	(0	+	1985.428)	/	1 )
=	3259.463	/	1985.428
=	1.64

Vinati Organics (BOM:524200) 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.

Vinati Organics'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
	=	1985.428	/	3259.463	*	365 / 4
	=	55.58

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.

Vinati Organics'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 )
	=	1985.428	/	5503.147
	=	0.36

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.

Vinati Organics Inventory Turnover Related Terms

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Vinati Organics (BOM:524200) Business Description

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VINATIORGA:India

Address

Parinee Crescenzo, 'A' Wing, 11th Floor, 1102, G Block, Plot No. C38 and C39, Behind MCA, Bandra-Kurla Comple, Bandra (East), Mumbai, MH, IND, 400 051

Website

https://www.vinatiorganics.com

Vinati Organics Ltd is a specialty chemical company, focusing on manufacturing specialty chemicals and organic intermediaries. The company's product portfolio consists of Speciality Monomers, Speciality Aromatics, Other specialty products and Miscellaneous Polymers. Its operating segment includes the manufacturing of chemicals. The company exports products to customers across the U.S., Europe, and Asia.

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