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Australian Premium Solar (India) (NSE:APS) Inventory Turnover : 14.12 (As of Mar. 2023)


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What is Australian Premium Solar (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. Australian Premium Solar (India)'s Cost of Goods Sold for the six months ended in Mar. 2023 was ₹789.8 Mil. Australian Premium Solar (India)'s Average Total Inventories for the quarter that ended in Mar. 2023 was ₹55.9 Mil. Australian Premium Solar (India)'s Inventory Turnover for the quarter that ended in Mar. 2023 was 14.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Australian Premium Solar (India)'s Days Inventory for the six months ended in Mar. 2023 was 12.93.

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. Australian Premium Solar (India)'s Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.06.

Australian Premium Solar (India) Inventory Turnover Historical Data

The historical data trend for Australian Premium Solar (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.

* Premium members only.

Australian Premium Solar (India) Inventory Turnover Chart

Australian Premium Solar (India) Annual Data
Trend Mar21 Mar22 Mar23
Inventory Turnover
7.41 11.13 14.12

Australian Premium Solar (India) Semi-Annual Data
Mar21 Mar22 Mar23
Inventory Turnover 7.41 11.13 14.12

Australian Premium Solar (India) Inventory Turnover Calculation

Australian Premium Solar (India)'s Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Inventory Turnover (A: Mar. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2023 ) / ((Total Inventories (A: Mar. 2022 ) + Total Inventories (A: Mar. 2023 )) / count )
=789.763 / ((64.784 + 47.086) / 2 )
=789.763 / 55.935
=14.12

Australian Premium Solar (India)'s Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover (Q: Mar. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2023 ) / ((Total Inventories (Q: Mar. 2022 ) + Total Inventories (Q: Mar. 2023 )) / count )
=789.763 / ((64.784 + 47.086) / 2 )
=789.763 / 55.935
=14.12

* 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.

Australian Premium Solar (India)  (NSE:APS) 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.

Australian Premium Solar (India)'s Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2023 )/Cost of Goods Sold (Q: Mar. 2023 )*Days in Period
=55.935/789.763*365 / 2
=12.93

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.

Australian Premium Solar (India)'s Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2023 ) / Revenue (Q: Mar. 2023 )
=55.935 / 945.592
=0.06

* 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.

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.

Australian Premium Solar (India) Inventory Turnover Related Terms

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Australian Premium Solar (India) (NSE:APS) Business Description

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Australian Premium Solar (India) Ltd is engaged in the manufacturing of Solar Panels and EPC Services of solar systems. It manufactures two types of solar panels: (i) Monocrystalline Solar Panel; and (ii) Polycrystalline Solar Panel. It also provide installation services for solar panels and solar pumps. Majority of the revenue is generated from manufacturing of solar panels.

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