V-Guard Industries (NSE:VGUARD) Inventory Turnover : 1.09 (As of Mar. 2024)

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What is V-Guard Industries 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. V-Guard Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹8,826 Mil. V-Guard Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹8,118 Mil. V-Guard Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. V-Guard Industries's Days Inventory for the three months ended in Mar. 2024 was 83.93.

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. V-Guard Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.60.

V-Guard Industries Inventory Turnover Historical Data

The historical data trend for V-Guard Industries'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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V-Guard Industries Inventory Turnover Chart

V-Guard Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.95

3.40

3.24

3.55

4.08

V-Guard Industries 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															1.02	1.07	0.97	1.00	1.09

V-Guard Industries Inventory Turnover Calculation

V-Guard Industries'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 )
=	32240.3	/ (	(7674.376	+	8118.3)	/	2 )
=	32240.3	/	7896.338
=	4.08

V-Guard Industries'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 )
=	8826.1	/ (	(0	+	8118.3)	/	1 )
=	8826.1	/	8118.3
=	1.09

V-Guard Industries (NSE:VGUARD) 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.

V-Guard Industries'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
	=	8118.3	/	8826.1	*	365 / 4
	=	83.93

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.

V-Guard Industries'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 )
	=	8118.3	/	13427.7
	=	0.60

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.

V-Guard Industries Inventory Turnover Related Terms

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V-Guard Industries (NSE:VGUARD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » V-Guard Industries Ltd (NSE:VGUARD) » Definitions » Inventory Turnover

Traded in Other Exchanges

532953:India

Address

42/962, Vennala High School Road, Vennala, Ernakulam, KL, IND, 682028

Website

https://www.vguard.in

V-Guard Industries Ltd is an India-based consumer electrical company. It is involved in the manufacturing, trading, and selling of consumer electrical products. Its business segments are Electronics, Electricals and Consumer Durables. It derives a majority of the revenue from the Electricals segment which includes products such as PVC Insulated Cables, Switch Gears, Single Phase Pumps, Three Phase Pumps, and Modular Switches. The Electronics segment covers products like voltage stabilizers, digital UPS, and UPS. The Consumer Durables segment includes solar water heaters and solar inverters. Geographically, the company has operations in India and internationally, of which key revenue is generated within India.

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