Hindustan Hardy (BOM:505893) Inventory Turnover : 1.07 (As of Sep. 2024)

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What is Hindustan Hardy 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. Hindustan Hardy's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹103.7 Mil. Hindustan Hardy's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹96.7 Mil. Hindustan Hardy's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.07.

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 Sep. 2024 was 85.11.

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 quarter that ended in Sep. 2024 was 0.49.

Hindustan Hardy Inventory Turnover Historical Data

The historical data trend for Hindustan Hardy'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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Hindustan Hardy Inventory Turnover Chart

Hindustan Hardy Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.04

4.45

7.21

6.68

5.96

Hindustan Hardy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.39	1.33	1.82	1.29	1.07

Hindustan Hardy Inventory Turnover Calculation

Hindustan Hardy'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 )
=	381.6	/ (	(60.508	+	67.453)	/	2 )
=	381.6	/	63.9805
=	5.96

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

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	103.67	/ (	(0	+	96.691)	/	1 )
=	103.67	/	96.691
=	1.07

Hindustan Hardy (BOM:505893) 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.

Hindustan Hardy's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	96.691	/	103.67	*	365 / 4
	=	85.11

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	96.691	/	199.219
	=	0.49

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.

Hindustan Hardy Inventory Turnover Related Terms

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Hindustan Hardy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hindustan Hardy Ltd (BOM:505893) » Definitions » Inventory Turnover

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Address

Plot No. C-12, M.I.D.C. Area, Ambad, Additional Nasik Industrial Area, Nashik, MH, IND, 422 010

Website

https://www.hhardys.com

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.

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