Ashoka Buildcon (BOM:533271) Inventory Turnover : 3.19 (As of Mar. 2024)

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What is Ashoka Buildcon 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. Ashoka Buildcon's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹22,248 Mil. Ashoka Buildcon's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹6,985 Mil. Ashoka Buildcon's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ashoka Buildcon's Days Inventory for the three months ended in Mar. 2024 was 28.65.

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. Ashoka Buildcon's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.23.

Ashoka Buildcon Inventory Turnover Historical Data

The historical data trend for Ashoka Buildcon'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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Ashoka Buildcon Inventory Turnover Chart

Ashoka Buildcon Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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7.01

6.65

8.37

11.01

10.82

Ashoka Buildcon 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															3.10	2.26	2.37	3.14	3.19

Ashoka Buildcon Inventory Turnover Calculation

Ashoka Buildcon'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 )
=	68090.946	/ (	(5605.273	+	6985.18)	/	2 )
=	68090.946	/	6295.2265
=	10.82

Ashoka Buildcon'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 )
=	22248.338	/ (	(0	+	6985.18)	/	1 )
=	22248.338	/	6985.18
=	3.19

Ashoka Buildcon (BOM:533271) 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.

Ashoka Buildcon'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
	=	6985.18	/	22248.338	*	365 / 4
	=	28.65

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.

Ashoka Buildcon'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 )
	=	6985.18	/	30518.698
	=	0.23

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.

Ashoka Buildcon Inventory Turnover Related Terms

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Ashoka Buildcon (BOM:533271) Business Description

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ASHOKA:India

Address

Ashoka Marg, S. No. 861, Ashoka House, Vadala, Nashik, MH, IND, 422011

Website

https://www.ashokabuildcon.com

Ashoka Buildcon Ltd develops highways and is also active in power transmission and distribution. It operates in three segments: Construction and Contract Related Activities includes Engineering, Procurement and Construction activity of infra projects, Build operate and transfer includes Annuity to develop infra developer under BOT & Annuity, and Sale of Goods consist mainly Sale of construction material which includes RMC and Real estate. The company has its business operations across India. The majority of the revenue is generated from construction and contract-related activity.

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