Pennar Industries (BOM:513228) Inventory Turnover : 0.63 (As of Mar. 2024)

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What is Pennar Industries 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. Pennar Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹5,183 Mil. Pennar Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹8,252 Mil. Pennar Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pennar Industries's Days Inventory for the three months ended in Mar. 2024 was 145.28.

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. Pennar Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.00.

Pennar Industries Inventory Turnover Historical Data

The historical data trend for Pennar Industries'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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Pennar Industries Inventory Turnover Chart

Pennar Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.38

2.33

2.48

2.53

2.41

Pennar Industries 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															0.52	0.59	0.62	0.56	0.63

Pennar Industries Inventory Turnover Calculation

Pennar Industries'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 )
=	19377.2	/ (	(7827	+	8251.7)	/	2 )
=	19377.2	/	8039.35
=	2.41

Pennar Industries'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 )
=	5182.8	/ (	(0	+	8251.7)	/	1 )
=	5182.8	/	8251.7
=	0.63

Pennar Industries (BOM:513228) 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.

Pennar Industries'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
	=	8251.7	/	5182.8	*	365 / 4
	=	145.28

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.

Pennar Industries'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 )
	=	8251.7	/	8228
	=	1.00

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.

Pennar Industries Inventory Turnover Related Terms

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Pennar Industries (BOM:513228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pennar Industries Ltd (BOM:513228) » Definitions » Inventory Turnover

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PENIND:India

Address

DHFLVC Silicon Towers, Kondapur, Floor Number 3, Hyderabad, TG, IND, 500084

Website

https://www.pennarindia.com

Pennar Industries Ltd provides engineering products and services. The company's operating segment includes Diversified Engineering and Custom designed building solutions and auxiliaries. It generates maximum revenue from Diversified Engineering segment. Geographically, it derives a majority of revenue from India. The company serves Infrastructure, Automobiles, Power, General Engineering, Building and Construction, Refineries, and other sectors. Its product portfolio includes Cold Rolled Steel Strips, Precision Tubes, Railway wagons/Coaches, Pre-Engineered Building Systems, Solar module mounting structures, and Photo Voltaic panels, Sheet Metal Components, Hydraulic Cylinders, Road Safety Systems, Water and Sewage treatment solutions, and Desalination projects.

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