Bajaj Auto (NSE:BAJAJ-AUTO) Inventory Turnover : 4.80 (As of Mar. 2024)

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What is Bajaj Auto 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. Bajaj Auto's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹81,025 Mil. Bajaj Auto's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹16,888 Mil. Bajaj Auto's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bajaj Auto's Days Inventory for the three months ended in Mar. 2024 was 19.02.

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. Bajaj Auto's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.15.

Bajaj Auto Inventory Turnover Historical Data

The historical data trend for Bajaj Auto'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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Bajaj Auto Inventory Turnover Chart

Bajaj Auto Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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21.22

15.70

18.35

18.68

19.58

Bajaj Auto 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															4.00	4.73	4.95	5.56	4.80

Bajaj Auto Inventory Turnover Calculation

Bajaj Auto'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 )
=	318457	/ (	(15635.5	+	16887.5)	/	2 )
=	318457	/	16261.5
=	19.58

Bajaj Auto'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 )
=	81025.2	/ (	(0	+	16887.5)	/	1 )
=	81025.2	/	16887.5
=	4.80

Bajaj Auto (NSE:BAJAJ-AUTO) 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.

Bajaj Auto'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
	=	16887.5	/	81025.2	*	365 / 4
	=	19.02

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.

Bajaj Auto'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 )
	=	16887.5	/	112498
	=	0.15

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.

Bajaj Auto Inventory Turnover Related Terms

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Bajaj Auto (NSE:BAJAJ-AUTO) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Bajaj Auto Ltd (NSE:BAJAJ-AUTO) » Definitions » Inventory Turnover

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532977:India

Address

Mumbai Pune Road, Bajaj Auto Limited Complex, Akurdi, Pune, MH, IND, 411 035

Website

https://www.bajajauto.com

Bajaj Auto Ltd was founded in 1945 as an automotive sales company, Bajaj is today the third largest manufacturer of motorcycles and the largest manufacturer of three-wheelers in the world. The company is engaged in the business of development, manufacturing, and distribution of automobiles such as motorcycles, commercial vehicles, electric two-wheelers, and parts. It has two business segments Automotive business and Investments. The company derives the majority of revenue from the Automotive segment.

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