Olectra Greentech (NSE:OLECTRA) Inventory Turnover : 0.94 (As of Mar. 2024)

View and export this data going back to 2002. Start your Free Trial

What is Olectra Greentech 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. Olectra Greentech's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,038 Mil. Olectra Greentech's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹2,162 Mil. Olectra Greentech's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Olectra Greentech's Days Inventory for the three months ended in Mar. 2024 was 96.80.

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. Olectra Greentech's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.75.

Olectra Greentech Inventory Turnover Historical Data

The historical data trend for Olectra Greentech'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.

Olectra Greentech Inventory Turnover Chart

Olectra Greentech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

Get a 7-Day Free Trial

1.35

2.88

7.29

8.16

4.60

Olectra Greentech 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															2.01	1.02	1.26	1.37	0.94

Olectra Greentech Inventory Turnover Calculation

Olectra Greentech'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 )
=	8242.244	/ (	(1419.949	+	2161.884)	/	2 )
=	8242.244	/	1790.9165
=	4.60

Olectra Greentech'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 )
=	2038.035	/ (	(0	+	2161.884)	/	1 )
=	2038.035	/	2161.884
=	0.94

Olectra Greentech (NSE:OLECTRA) 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.

Olectra Greentech'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
	=	2161.884	/	2038.035	*	365 / 4
	=	96.80

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.

Olectra Greentech'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 )
	=	2161.884	/	2888.102
	=	0.75

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.

Olectra Greentech Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Olectra Greentech's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Olectra Greentech (NSE:OLECTRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Olectra Greentech Ltd (NSE:OLECTRA) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

532439:India

Address

Technocrat Industrial Estate Balanagar, S-22, 2nd and 3rd Floor, Hyderabad, TG, IND, 500037

Website

http://www.olectra.com

Olectra Greentech Ltd is engaged in the manufacturing of Polymer Insulators, Electric Trucks and Electric Buses in India. The company's operating segment includes the Insulator, Electric Trucks, and Electric Bus segment. It generates maximum revenue from the Electric Bus segment.

Olectra Greentech (NSE:OLECTRA) Headlines

No Headlines