Roni Households (BOM:542145) Inventory Turnover : 0.89 (As of Sep. 2023)

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What is Roni Households 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. Roni Households's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹48.6 Mil. Roni Households's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹54.4 Mil. Roni Households's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Roni Households's Days Inventory for the six months ended in Sep. 2023 was 204.21.

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. Roni Households's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.03.

Roni Households Inventory Turnover Historical Data

The historical data trend for Roni Households'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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Roni Households Inventory Turnover Chart

Roni Households Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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3.35

2.71

4.02

2.76

2.42

Roni Households Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial						1.00	1.90	0.22	2.08	0.89

Roni Households Inventory Turnover Calculation

Roni Households'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 )
=	124.883	/ (	(49.807	+	53.366)	/	2 )
=	124.883	/	51.5865
=	2.42

Roni Households's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	48.599	/ (	(53.366	+	55.393)	/	2 )
=	48.599	/	54.3795
=	0.89

Roni Households (BOM:542145) 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.

Roni Households's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	54.3795	/	48.599	*	365 / 2
	=	204.21

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.

Roni Households's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	54.3795	/	52.979
	=	1.03

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.

Roni Households Inventory Turnover Related Terms

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Roni Households (BOM:542145) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Roni Households Ltd (BOM:542145) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ajanta Road, Plot No. F-55, Addl. MIDC Area, Jalgaon, MH, IND, 425003

Website

https://www.ronihouseholds.com

Roni Households Ltd is an India-based company engaged in the trading of plastic granules and plastic household products. The company currently trades in plastic granules and plastic household products which include Tub, Buckets, Office furniture, and Ghamela among others.

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