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Hindustan Hardy (BOM:505893) Inventory-to-Revenue : 0.37 (As of Mar. 2024)


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What is Hindustan Hardy Inventory-to-Revenue?

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. Hindustan Hardy's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹67.5 Mil. Hindustan Hardy's Revenue for the three months ended in Mar. 2024 was ₹180.5 Mil. Hindustan Hardy's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.37.

Hindustan Hardy's Inventory-to-Revenue for the quarter that ended in Mar. 2024 declined from Dec. 2023 (0.39) to Dec. 2023 (0.37)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hindustan Hardy's Days Inventory for the three months ended in Mar. 2024 was 61.82.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hindustan Hardy's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.48.


Hindustan Hardy Inventory-to-Revenue Historical Data

The historical data trend for Hindustan Hardy's Inventory-to-Revenue 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.

Hindustan Hardy Inventory-to-Revenue Chart

Hindustan Hardy Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.12 0.08 0.09 0.09

Hindustan Hardy Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Inventory-to-Revenue 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 0.35 0.37 0.40 0.39 0.37

Competitive Comparison of Hindustan Hardy's Inventory-to-Revenue

For the Auto Parts subindustry, Hindustan Hardy's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hindustan Hardy's Inventory-to-Revenue Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hindustan Hardy's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Hindustan Hardy's Inventory-to-Revenue falls into.



Hindustan Hardy Inventory-to-Revenue Calculation

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.

Hindustan Hardy's Inventory-to-Revenue for the fiscal year that ended in Mar. 2024 is calculated as

Inventory-to-Revenue (A: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Mar. 2023 ) + Total Inventories (A: Mar. 2024 )) / count ) / Revenue (A: Mar. 2024 )
=( (60.508 + 67.454) / 2 ) / 678.392
=63.981 / 678.392
=0.09

Hindustan Hardy's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue (Q: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Revenue (Q: Mar. 2024 )
=( (0 + 67.454) / 1 ) / 180.533
=67.454 / 180.533
=0.37

* 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.


Hindustan Hardy  (BOM:505893) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Hindustan Hardy'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
=67.454/99.561*365 / 4
=61.82

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Hindustan Hardy's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=99.561 / 67.454
=1.48

* 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.


Hindustan Hardy Inventory-to-Revenue Related Terms

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Hindustan Hardy (BOM:505893) Business Description

Traded in Other Exchanges
N/A
Address
Plot No. C-12, M.I.D.C. Area, Ambad, Additional Nasik Industrial Area, Nashik, MH, IND, 422 010
Hindustan Hardy Ltd is an auto parts manufacturer in India. The company is principally engaged in the designing and manufacturing of propeller shafts and other accessories required for automotive, industrial, and other applications. Its sales are mainly to four customers that is domestic OEMs, export customers, industrial customers, and aftermarket.

Hindustan Hardy (BOM:505893) Headlines

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