GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » National Plastic Technologies Ltd (BOM:531287) » Definitions » Inventory Turnover

National Plastic Technologies (BOM:531287) Inventory Turnover : 1.65 (As of Mar. 2024)


View and export this data going back to 2001. Start your Free Trial

What is National Plastic Technologies 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. National Plastic Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹508 Mil. National Plastic Technologies's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹309 Mil. National Plastic Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. National Plastic Technologies's Days Inventory for the three months ended in Mar. 2024 was 55.39.

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. National Plastic Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.45.


National Plastic Technologies Inventory Turnover Historical Data

The historical data trend for National Plastic Technologies'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.

* Premium members only.

National Plastic Technologies Inventory Turnover Chart

National Plastic Technologies Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.58 3.39 3.68 5.32 6.87

National Plastic Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23 Mar24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.49 1.46 1.70 - 1.65

National Plastic Technologies Inventory Turnover Calculation

National Plastic Technologies'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 )
=2012.358 / ((277.555 + 308.566) / 2 )
=2012.358 / 293.0605
=6.87

National Plastic Technologies'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 )
=508.294 / ((0 + 308.566) / 1 )
=508.294 / 308.566
=1.65

* 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.


National Plastic Technologies  (BOM:531287) 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.

National Plastic Technologies'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
=308.566/508.294*365 / 4
=55.39

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.

National Plastic Technologies'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 )
=308.566 / 692.044
=0.45

* 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.


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.


National Plastic Technologies Inventory Turnover Related Terms

Thank you for viewing the detailed overview of National Plastic Technologies's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


National Plastic Technologies (BOM:531287) Business Description

Traded in Other Exchanges
N/A
Address
69, (Old No.44), Pantheon Road, Thiru Complex, II Floor, Egmore, Chennai, TN, IND, 600008
National Plastic Technologies Ltd is a manufacturer of plastic molded components. The company operates through single segments namely Injection molded plastic products. The company has four production plant situated in the state of Tamil Nadu (Guindy, Irrungattukottai (SIPCOT)), Himachal Pradesh (Sirmour) and in the Union Territory of Puducherry. The company caters to various industries including automotive, consumer electronics, Packaging, and information technology peripherals sectors.

National Plastic Technologies (BOM:531287) Headlines

No Headlines