Agria Group Hol (XBUL:AGH) Inventory Turnover : 1.09 (As of Dec. 2023)

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What is Agria Group Hol 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. Agria Group Hol's Cost of Goods Sold for the three months ended in Dec. 2023 was лв171.9 Mil. Agria Group Hol's Average Total Inventories for the quarter that ended in Dec. 2023 was лв158.2 Mil. Agria Group Hol's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Agria Group Hol's Days Inventory for the three months ended in Dec. 2023 was 83.97.

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. Agria Group Hol's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.87.

Agria Group Hol Inventory Turnover Historical Data

The historical data trend for Agria Group Hol'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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Agria Group Hol Inventory Turnover Chart

Agria Group Hol Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.82

5.31

3.99

5.03

5.00

Agria Group Hol Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.19	1.05	1.28	1.29	1.09

Agria Group Hol Inventory Turnover Calculation

Agria Group Hol's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	644.574	/ (	(108.645	+	149.421)	/	2 )
=	644.574	/	129.033
=	5.00

Agria Group Hol's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	171.927	/ (	(167.01	+	149.421)	/	2 )
=	171.927	/	158.2155
=	1.09

Agria Group Hol (XBUL:AGH) 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.

Agria Group Hol's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	158.2155	/	171.927	*	365 / 4
	=	83.97

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.

Agria Group Hol's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	158.2155	/	181.223
	=	0.87

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.

Agria Group Hol Inventory Turnover Related Terms

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Agria Group Hol (XBUL:AGH) Business Description

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Address

111 Knyaz Boris I Boulevard, 9th Floor, Dimyat Business Center, Primorski District, Varna, BGR, 9002

Website

http://www.agriabg.com

Agria Group Hol is an investment holding company. The company divisions include Agribusiness which involves purchase and lease of agricultural land, cultivation of cereals and oilseeds, and construction of irrigation systems; Storage and processing of agricultural products include construction and management of modern granaries; Trade and export and Renewable energy sources.

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