Advance Metering Technology (BOM:534612) Inventory Turnover : 0.21 (As of Dec. 2023)

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What is Advance Metering 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. Advance Metering Technology's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹15.0 Mil. Advance Metering Technology's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹70.4 Mil. Advance Metering Technology's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Advance Metering Technology's Days Inventory for the three months ended in Dec. 2023 was 429.39.

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. Advance Metering Technology's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.98.

Advance Metering Technology Inventory Turnover Historical Data

The historical data trend for Advance Metering 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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Advance Metering Technology Inventory Turnover Chart

Advance Metering Technology Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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5.24

1.17

0.34

0.36

0.62

Advance Metering 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															0.16	0.18	0.23	0.19	0.21

Advance Metering Technology Inventory Turnover Calculation

Advance Metering 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 )
=	47.597	/ (	(79.38	+	75.316)	/	2 )
=	47.597	/	77.348
=	0.62

Advance Metering 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 )
=	14.966	/ (	(70.424	+	0)	/	1 )
=	14.966	/	70.424
=	0.21

Advance Metering Technology (BOM:534612) 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.

Advance Metering 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
	=	70.424	/	14.966	*	365 / 4
	=	429.39

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.

Advance Metering 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 )
	=	70.424	/	35.607
	=	1.98

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.

Advance Metering Technology Inventory Turnover Related Terms

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Advance Metering Technology (BOM:534612) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Advance Metering Technology Ltd (BOM:534612) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

C-4 to C-11, Hosiery Complex, Phase II Extension, Noida, UP, IND, 201305

Website

https://www.pkrgroup.in

Advance Metering Technology Ltd is engaged in manufacturing and selling energy meters, provides technical services relating to the energy sector, and in the business of wind power generation through windmills/ other renewable energy sources. The company is operating in two segments: Power Generation and Meters and others. The power Generation segment offers the sale of electricity generation through Wind. The meter and Others segment offers the Sale of energy meters and others, Rental Income, installation services, estate management services, and EPC work. The majority of its revenue is generated from the Meters and other segments.

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