Rashtriya Chemicals & Fertilizers (BOM:524230) Inventory Turnover : 0.86 (As of Mar. 2024)

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What is Rashtriya Chemicals & Fertilizers 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. Rashtriya Chemicals & Fertilizers's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹22,221 Mil. Rashtriya Chemicals & Fertilizers's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹25,822 Mil. Rashtriya Chemicals & Fertilizers's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rashtriya Chemicals & Fertilizers's Days Inventory for the three months ended in Mar. 2024 was 106.04.

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. Rashtriya Chemicals & Fertilizers's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.67.

Rashtriya Chemicals & Fertilizers Inventory Turnover Historical Data

The historical data trend for Rashtriya Chemicals & Fertilizers'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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Rashtriya Chemicals & Fertilizers Inventory Turnover Chart

Rashtriya Chemicals & Fertilizers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.85

4.29

4.08

4.94

3.92

Rashtriya Chemicals & Fertilizers 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															1.06	0.93	1.12	1.39	0.86

Rashtriya Chemicals & Fertilizers Inventory Turnover Calculation

Rashtriya Chemicals & Fertilizers'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 )
=	101331.8	/ (	(25850.8	+	25822.4)	/	2 )
=	101331.8	/	25836.6
=	3.92

Rashtriya Chemicals & Fertilizers'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 )
=	22221	/ (	(0	+	25822.4)	/	1 )
=	22221	/	25822.4
=	0.86

Rashtriya Chemicals & Fertilizers (BOM:524230) 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.

Rashtriya Chemicals & Fertilizers'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
	=	25822.4	/	22221	*	365 / 4
	=	106.04

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.

Rashtriya Chemicals & Fertilizers'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 )
	=	25822.4	/	38796.5
	=	0.67

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.

Rashtriya Chemicals & Fertilizers Inventory Turnover Related Terms

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Rashtriya Chemicals & Fertilizers (BOM:524230) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Rashtriya Chemicals & Fertilizers Ltd (BOM:524230) » Definitions » Inventory Turnover

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Traded in Other Exchanges

RCF:India

Address

Mahul Road, Administrative Building, Chembur, Mumbai, MH, IND, 400074

Website

https://www.rcfltd.com

Rashtriya Chemicals & Fertilizers Ltd is engaged in the manufacturing and marketing of fertilizers and industrial chemicals. It produces urea, complex fertilizers, bio-fertilizers, micro-nutrients, water-soluble fertilizers, soil conditioners, and a wide range of industrial chemicals and also manufactures basic chemicals. It is also engaged in the production of SSP and sale of imported fertilizer inputs such as DAP, MOP, and NPK fertilizers. the company products also include methanol, Gypsum, Chalk etc. The companies operate into two segments; Fertilizers and Industrial Products. It generates a majority of its revenue from Fertilizers. Geographically, it operates within India and outside India and generates a majority of its revenue from India.

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