Polycab India (BOM:542652) Inventory Turnover : 1.14 (As of Mar. 2024)

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What is Polycab India 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. Polycab India's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹41,792 Mil. Polycab India's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹36,751 Mil. Polycab India's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Polycab India's Days Inventory for the three months ended in Mar. 2024 was 80.24.

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

Polycab India Inventory Turnover Historical Data

The historical data trend for Polycab India'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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Polycab India Inventory Turnover Chart

Polycab India Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.27

3.36

4.56

4.08

4.01

Polycab India 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															1.16	0.89	0.89	0.92	1.14

Polycab India Inventory Turnover Calculation

Polycab India'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 )
=	132803.01	/ (	(29513.84	+	36751.14)	/	2 )
=	132803.01	/	33132.49
=	4.01

Polycab India'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 )
=	41791.99	/ (	(0	+	36751.14)	/	1 )
=	41791.99	/	36751.14
=	1.14

Polycab India (BOM:542652) 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.

Polycab India'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
	=	36751.14	/	41791.99	*	365 / 4
	=	80.24

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.

Polycab India'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 )
	=	36751.14	/	55918.95
	=	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.

Polycab India Inventory Turnover Related Terms

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Polycab India (BOM:542652) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Polycab India Ltd (BOM:542652) » Definitions » Inventory Turnover

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POLYCAB:India

Address

No. 29, Senapati Bapat Marg, Tulsi Pipe Road, The Ruby, 21st Floor, Dadar (West), Mumbai, MH, IND, 400028

Website

https://www.polycab.com

Polycab India Ltd is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods under the POLYCAB brand. The business activities are carried out through Wires and cables, Fast moving electrical goods (FMEG), and Others segment. It generates maximum revenue from the Wires and cables segment. Geographically, it derives a majority of revenue from India. Some of its products include Power cables, Control Cables, Instrumentation Cables, Optical Fibre Cables (OFC), Solar Cables, Building Cables, Flexible Wires, and others.

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