Paradeep Phosphates (BOM:543530) Inventory Turnover : 0.90 (As of Mar. 2024)

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What is Paradeep Phosphates 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. Paradeep Phosphates's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹16,496 Mil. Paradeep Phosphates's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹18,308 Mil. Paradeep Phosphates's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Paradeep Phosphates's Days Inventory for the three months ended in Mar. 2024 was 101.27.

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. Paradeep Phosphates's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.82.

Paradeep Phosphates Inventory Turnover Historical Data

The historical data trend for Paradeep Phosphates'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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Paradeep Phosphates Inventory Turnover Chart

Paradeep Phosphates Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.42

4.01

3.94

4.68

4.42

Paradeep Phosphates Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial										1.33	1.15	1.51	0.97	0.90

Paradeep Phosphates Inventory Turnover Calculation

Paradeep Phosphates'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 )
=	89984.5	/ (	(22376.8	+	18308.3)	/	2 )
=	89984.5	/	20342.55
=	4.42

Paradeep Phosphates'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 )
=	16496.3	/ (	(0	+	18308.3)	/	1 )
=	16496.3	/	18308.3
=	0.90

Paradeep Phosphates (BOM:543530) 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.

Paradeep Phosphates'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
	=	18308.3	/	16496.3	*	365 / 4
	=	101.27

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.

Paradeep Phosphates'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 )
	=	18308.3	/	22427.4
	=	0.82

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.

Paradeep Phosphates Inventory Turnover Related Terms

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Paradeep Phosphates (BOM:543530) Business Description

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PARADEEP:India

Address

Off Cubbon Road, 3rd Floor, Adventz Centre 28 Union Street, Bengaluru, KA, IND, 560 001

Website

https://www.paradeepphosphates.com

Paradeep Phosphates Ltd is engaged in the manufacturing of Di-Ammonium Phosphate, Complex Fertilizers of NPK grades, and Zypmite. The company is also involved in the trading of fertilizers, ammonia, neutralized phospo gypsum, micronutrients, and other materials.

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