Wardwizard Innovations & Mobility (BOM:538970) Inventory Turnover : 1.24 (As of Mar. 2024)

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What is Wardwizard Innovations & Mobility 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. Wardwizard Innovations & Mobility's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹963 Mil. Wardwizard Innovations & Mobility's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹776 Mil. Wardwizard Innovations & Mobility's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wardwizard Innovations & Mobility's Days Inventory for the three months ended in Mar. 2024 was 73.55.

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. Wardwizard Innovations & Mobility's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.61.

Wardwizard Innovations & Mobility Inventory Turnover Historical Data

The historical data trend for Wardwizard Innovations & Mobility'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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Wardwizard Innovations & Mobility Inventory Turnover Chart

Wardwizard Innovations & Mobility Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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0.05

6.80

4.02

2.74

3.13

Wardwizard Innovations & Mobility Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.73	0.53	0.41	0.71	1.24

Wardwizard Innovations & Mobility Inventory Turnover Calculation

Wardwizard Innovations & Mobility'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 )
=	2293.726	/ (	(687.938	+	776.161)	/	2 )
=	2293.726	/	732.0495
=	3.13

Wardwizard Innovations & Mobility'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 )
=	962.977	/ (	(0	+	776.161)	/	1 )
=	962.977	/	776.161
=	1.24

Wardwizard Innovations & Mobility (BOM:538970) 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.

Wardwizard Innovations & Mobility'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
	=	776.161	/	962.977	*	365 / 4
	=	73.55

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.

Wardwizard Innovations & Mobility'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 )
	=	776.161	/	1281.145
	=	0.61

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.

Wardwizard Innovations & Mobility Inventory Turnover Related Terms

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Wardwizard Innovations & Mobility (BOM:538970) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Wardwizard Innovations & Mobility Ltd (BOM:538970) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Survey 26/2, Ajwa Road, Opposite Pooja Farm Sayajipura, Vadodara, GJ, IND, 390019

Website

https://www.wardwizard.in

Wardwizard Innovations & Mobility Ltd and its subsidiary are engaged in the manufacturing and selling of transport equipment. It operates through the following segments: Joy E-Bike; Vyom Innovations and Sale of services. Geographically it generates a majority of revenue from India.

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