Talbros Engineering (BOM:538987) Inventory Turnover : 0.86 (As of Mar. 2024)

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What is Talbros Engineering 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. Talbros Engineering's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹580 Mil. Talbros Engineering's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹677 Mil. Talbros Engineering's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Talbros Engineering's Days Inventory for the three months ended in Mar. 2024 was 106.49.

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. Talbros Engineering's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.66.

Talbros Engineering Inventory Turnover Historical Data

The historical data trend for Talbros Engineering'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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Talbros Engineering Inventory Turnover Chart

Talbros Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.80

4.78

5.76

4.12

3.38

Talbros Engineering 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															0.85	0.82	0.82	0.83	0.86

Talbros Engineering Inventory Turnover Calculation

Talbros Engineering'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 )
=	2208.309	/ (	(629.701	+	676.638)	/	2 )
=	2208.309	/	653.1695
=	3.38

Talbros Engineering'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 )
=	579.79	/ (	(0	+	676.638)	/	1 )
=	579.79	/	676.638
=	0.86

Talbros Engineering (BOM:538987) 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.

Talbros Engineering'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
	=	676.638	/	579.79	*	365 / 4
	=	106.49

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.

Talbros Engineering'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 )
	=	676.638	/	1028.483
	=	0.66

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.

Talbros Engineering Inventory Turnover Related Terms

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Talbros Engineering (BOM:538987) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Talbros Engineering Ltd (BOM:538987) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 74-75-76, Sector 6, Faridabad, HR, IND, 121 006

Website

https://www.talbrosaxles.com

Talbros Engineering Ltd is engaged in manufacturing of Rear Axle Shafts for the automobile companies in India and foreign markets. The company operates in only one Segment namely Automobile Components. It offers Rear axle shafts and Front axle shafts. Its manufacturing facilities include forging and induction hardening. The group sells its products in India and also exports it to other countries. It derives a majority of revenue from India.

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