ITD Cementation India (BOM:509496) Inventory Turnover : 2.20 (As of Mar. 2024)

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What is ITD Cementation India 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. ITD Cementation India's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹15,034 Mil. ITD Cementation India's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹6,843 Mil. ITD Cementation India's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ITD Cementation India's Days Inventory for the three months ended in Mar. 2024 was 41.53.

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. ITD Cementation India's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.30.

ITD Cementation India Inventory Turnover Historical Data

The historical data trend for ITD Cementation India'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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ITD Cementation India Inventory Turnover Chart

ITD Cementation India Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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7.97

5.34

6.66

6.62

7.95

ITD Cementation India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.88	2.09	1.54	2.07	2.20

ITD Cementation India Inventory Turnover Calculation

ITD Cementation India'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 )
=	50111.305	/ (	(5770.013	+	6842.722)	/	2 )
=	50111.305	/	6306.3675
=	7.95

ITD Cementation India'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 )
=	15033.595	/ (	(0	+	6842.722)	/	1 )
=	15033.595	/	6842.722
=	2.20

ITD Cementation India (BOM:509496) 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.

ITD Cementation India'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
	=	6842.722	/	15033.595	*	365 / 4
	=	41.53

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.

ITD Cementation India'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 )
	=	6842.722	/	22577.211
	=	0.30

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.

ITD Cementation India Inventory Turnover Related Terms

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ITD Cementation India (BOM:509496) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » ITD Cementation India Ltd (BOM:509496) » Definitions » Inventory Turnover

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ITDCEM:India

Address

Gate No. 5, Saki Vihar Road, 9th Floor, Prima Bay, Tower - B, Powai, Mumbai, MH, IND, 400072

Website

https://www.itdcem.co.in

ITD Cementation India Ltd is an India-based company involved in construction and civil engineering. It is engaged in the construction of a range of structures, which include maritime structures, mass rapid transport systems (MRTS), dams and tunnels, airports, highways, bridges and flyovers, and other foundations and specialist engineering work. The company's revenue comes from construction and civil engineering activities. The company's operational areas include maritime structures, such as the construction of jetties, dolphins, quays, berths on concrete and steel piles, ship lift, dry dock, wet basic and service platforms, dredging, and reclamation works for ports, and construction of ship lift and among others.

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