Tejas Networks (BOM:540595) Inventory Turnover : 0.22 (As of Mar. 2024)

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What is Tejas Networks 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. Tejas Networks's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹8,049 Mil. Tejas Networks's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹37,377 Mil. Tejas Networks's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tejas Networks's Days Inventory for the three months ended in Mar. 2024 was 423.74.

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. Tejas Networks's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.19.

Tejas Networks Inventory Turnover Historical Data

The historical data trend for Tejas Networks'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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Tejas Networks Inventory Turnover Chart

Tejas Networks Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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0.94

1.15

1.26

1.21

0.72

Tejas Networks 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															0.38	0.35	0.25	0.30	0.22

Tejas Networks Inventory Turnover Calculation

Tejas Networks'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 )
=	15890.1	/ (	(6468.6	+	37377.4)	/	2 )
=	15890.1	/	21923
=	0.72

Tejas Networks'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 )
=	8049.1	/ (	(0	+	37377.4)	/	1 )
=	8049.1	/	37377.4
=	0.22

Tejas Networks (BOM:540595) 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.

Tejas Networks'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
	=	37377.4	/	8049.1	*	365 / 4
	=	423.74

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.

Tejas Networks'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 )
	=	37377.4	/	11705.2
	=	3.19

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.

Tejas Networks Inventory Turnover Related Terms

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Tejas Networks (BOM:540595) Business Description

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TEJASNET:India

Address

Hosur Road, Electronic City, Phase 1, J.P. Software Park, Plot No. 25, 5th Floor, Survey No. 13, 14, 17,18, Konnapana Agrahara Village, Begur Hobli, Bengaluru, KA, IND, 560 100

Website

https://www.tejasnetworks.com

Tejas Networks Ltd is an optical and data networking products company. The company designs, develops, and manufactures high-performance products for building high-speed communication networks that carry voice, data, and video traffic from fixed line, mobile, and broadband networks. It serves telecommunications service providers, internet service providers, utilities, defense, and government entities. The company's principal geographical areas for its operations are located in India, Americas, and rest of the world. It derives a majority of its revenue from India.

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