Aeonx Digital Technology (BOM:524594) Inventory Turnover : 6.52 (As of Dec. 2023)

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What is Aeonx Digital Technology 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. Aeonx Digital Technology's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹43.7 Mil. Aeonx Digital Technology's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹6.7 Mil. Aeonx Digital Technology's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aeonx Digital Technology's Days Inventory for the three months ended in Dec. 2023 was 13.99.

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. Aeonx Digital Technology's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.07.

Aeonx Digital Technology Inventory Turnover Historical Data

The historical data trend for Aeonx Digital Technology'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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Aeonx Digital Technology Inventory Turnover Chart

Aeonx Digital Technology Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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6.74

10.31

28.76

15.37

19.88

Aeonx Digital Technology 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															8.97	6.12	5.70	5.17	6.52

Aeonx Digital Technology Inventory Turnover Calculation

Aeonx Digital Technology's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	168.016	/ (	(8.643	+	8.258)	/	2 )
=	168.016	/	8.4505
=	19.88

Aeonx Digital Technology'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 )
=	43.666	/ (	(6.695	+	0)	/	1 )
=	43.666	/	6.695
=	6.52

Aeonx Digital Technology (BOM:524594) 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.

Aeonx Digital Technology'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
	=	6.695	/	43.666	*	365 / 4
	=	13.99

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.

Aeonx Digital Technology'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 )
	=	6.695	/	89.283
	=	0.07

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.

Aeonx Digital Technology Inventory Turnover Related Terms

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Aeonx Digital Technology (BOM:524594) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Aeonx Digital Technology Ltd (BOM:524594) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Dr. D. N. Road, 12/13, Jeevan Udyog Building, 278, Fort, Mumbai, MH, IND, 400 001

Website

https://www.ashokalcochem.com

Aeonx Digital Technology Ltd formerly Ashok Alco-Chem Ltd is engaged in the business of Manufacturing Chemicals and Trading in Minerals. It has also deepened its footprint in the minerals segment by acquiring a company engaged in the business of mineral-based pharmaceutical intermediates. Its product portfolio comprises the Chemical division, Ceramic material division, and Global trading division. The company has two segments namely, the Sale of products and IT services. The majority of revenue is generated from the sale of products.

Aeonx Digital Technology (BOM:524594) Headlines

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