Taylormade Renewables (BOM:541228) Inventory Turnover : 0.70 (As of Mar. 2024)

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What is Taylormade Renewables 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. Taylormade Renewables's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹76.4 Mil. Taylormade Renewables's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹109.5 Mil. Taylormade Renewables's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Taylormade Renewables's Days Inventory for the six months ended in Mar. 2024 was 261.59.

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. Taylormade Renewables's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.53.

Taylormade Renewables Inventory Turnover Historical Data

The historical data trend for Taylormade Renewables'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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Taylormade Renewables Inventory Turnover Chart

Taylormade Renewables Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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0.05

0.20

0.52

0.93

1.82

Taylormade Renewables Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial														0.28	0.20	0.62	1.25	0.70

Taylormade Renewables Inventory Turnover Calculation

Taylormade Renewables'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 )
=	219.907	/ (	(126.665	+	115.561)	/	2 )
=	219.907	/	121.113
=	1.82

Taylormade Renewables'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	76.36	/ (	(103.341	+	115.561)	/	2 )
=	76.36	/	109.451
=	0.70

Taylormade Renewables (BOM:541228) 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.

Taylormade Renewables's Days Inventory for the six 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
	=	109.451	/	76.36	*	365 / 2
	=	261.59

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.

Taylormade Renewables'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 )
	=	109.451	/	207.944
	=	0.53

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.

Taylormade Renewables Inventory Turnover Related Terms

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Taylormade Renewables (BOM:541228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Taylormade Renewables Ltd (BOM:541228) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

S.G. Road, 705, Shapath - II, Opposite Rajpath Club, Bodakdev, Ahmedabad, GJ, IND, 380015

Website

https://www.trlindia.com

Taylormade Renewables Ltd is engaged in providing renewable energy solutions. The firm manufactures solar energy equipment. It offers Photovoltaics, Evacuated tubes, Panels, Air source heat pumps, Dish cookers, Dryers, Biomass gasfiers, Cookstoves, and other related products. It serves customers in India. The Company has the product TRL-RAIN developed for evaporation and condensation from Saline, Brackish, Chemical induced water, Waste Water produced from various industries like Oil & Gas, Textiles & Tanneries, Power Generation, Mining & Metals, Refining & Chemicals, etc.

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