Indraprastha Gas (BOM:532514) Inventory Turnover : 48.88 (As of Mar. 2024)

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What is Indraprastha Gas 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. Indraprastha Gas's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹25,529 Mil. Indraprastha Gas's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹522 Mil. Indraprastha Gas's Inventory Turnover for the quarter that ended in Mar. 2024 was 48.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Indraprastha Gas's Days Inventory for the three months ended in Mar. 2024 was 1.87.

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. Indraprastha Gas's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

Indraprastha Gas Inventory Turnover Historical Data

The historical data trend for Indraprastha Gas'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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Indraprastha Gas Inventory Turnover Chart

Indraprastha Gas Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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83.21

57.63

111.55

220.42

193.55

Indraprastha Gas 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															56.79	47.47	48.74	52.13	48.88

Indraprastha Gas Inventory Turnover Calculation

Indraprastha Gas'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 )
=	98131.4	/ (	(491.7	+	522.3)	/	2 )
=	98131.4	/	507
=	193.55

Indraprastha Gas'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 )
=	25528.9	/ (	(0	+	522.3)	/	1 )
=	25528.9	/	522.3
=	48.88

Indraprastha Gas (BOM:532514) 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.

Indraprastha Gas'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
	=	522.3	/	25528.9	*	365 / 4
	=	1.87

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.

Indraprastha Gas'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 )
	=	522.3	/	35783.3
	=	0.01

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.

Indraprastha Gas Inventory Turnover Related Terms

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Indraprastha Gas (BOM:532514) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Indraprastha Gas Ltd (BOM:532514) » Definitions » Inventory Turnover

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IGL:India

Address

IGL Bhawan, Plot Number 4, Community Centre, Sector-9, R K Puram, New Delhi, IND, 110022

Website

https://www.iglonline.net

Indraprastha Gas Ltd, or IGL, is an Indian utility company that derives nearly all of its revenue from the sale of natural gas. IGL supplies compressed natural gas (CNG) to the transport sector and piped natural gas (PNG) to domestic, industrial, and commercial sector customers. Most of the natural gas sold by IGL is in the form of compressed natural gas. CNG is an alternative to fossil fuels that is distributed from IGL's portfolio of fueling stations to power a variety of vehicles. The vast majority of these CNG stations are located in the Delhi and National Capital Regions. IGL distributes a significant amount of natural gas through its network of pipelines in Delhi and the National Capital Region, as well. The customers served by IGL's PNG business are primarily residential consumers.

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