Active Fine Chemicals (DHA:ACTIVEFINE) Inventory Turnover : 0.13 (As of Mar. 2023)

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What is Active Fine Chemicals 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. Active Fine Chemicals's Cost of Goods Sold for the three months ended in Mar. 2023 was BDT205 Mil. Active Fine Chemicals's Average Total Inventories for the quarter that ended in Mar. 2023 was BDT1,559 Mil. Active Fine Chemicals's Inventory Turnover for the quarter that ended in Mar. 2023 was 0.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Active Fine Chemicals's Days Inventory for the three months ended in Mar. 2023 was 693.58.

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. Active Fine Chemicals's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 5.37.

Active Fine Chemicals Inventory Turnover Historical Data

The historical data trend for Active Fine Chemicals'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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Active Fine Chemicals Inventory Turnover Chart

Active Fine Chemicals Annual Data

Trend

Dec13

Dec14

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Inventory Turnover

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1.98

1.33

1.44

0.92

Active Fine Chemicals Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23
Inventory Turnover	Get a 7-Day Free Trial															0.21	0.20	0.29	0.11	0.13

Active Fine Chemicals Inventory Turnover Calculation

Active Fine Chemicals's Inventory Turnover for the fiscal year that ended in Jun. 2022 is calculated as

	Inventory Turnover (A: Jun. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2022 )	/ (	(Total Inventories (A: Jun. 2021 )	+	Total Inventories (A: Jun. 2022 ))	/	count )
=	1300.282	/ (	(1267.196	+	1564.717)	/	2 )
=	1300.282	/	1415.9565
=	0.92

Active Fine Chemicals's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	205.133	/ (	(1555.79	+	1562.583)	/	2 )
=	205.133	/	1559.1865
=	0.13

Active Fine Chemicals (DHA:ACTIVEFINE) 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.

Active Fine Chemicals's Days Inventory for the three months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	1559.1865	/	205.133	*	365 / 4
	=	693.58

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.

Active Fine Chemicals's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	1559.1865	/	290.56
	=	5.37

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.

Active Fine Chemicals Inventory Turnover Related Terms

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Active Fine Chemicals (DHA:ACTIVEFINE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Active Fine Chemicals Ltd (DHA:ACTIVEFINE) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

House number 87-89, Road number 04, Block number B, Niketon, Gulshan-1, Dhaka, BGD, 1212

Website

https://www.afchem.com

Active Fine Chemicals Ltd is a Bangladesh based chemical company engaged in manufacturing active pharmaceutical ingredients and laboratory reagents. Its product offerings include azithromycin dihydrate, erythromycin ethyl succinate, erythromycin stearate, pantoprazole sodium sesquihydrate, venlafaxine HCL, sitagliptin phosphate monohydrate, and pregabalin. While it also manufactures laboratory reagents including HPLC Grade solvents, solvents, and powder reagents.

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