Epic Energy (BOM:530407) Inventory Turnover : 0.83 (As of Dec. 2023)

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What is Epic Energy 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. Epic Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1.88 Mil. Epic Energy's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹2.27 Mil. Epic Energy's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Epic Energy's Days Inventory for the three months ended in Dec. 2023 was 109.70.

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. Epic Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.48.

Epic Energy Inventory Turnover Historical Data

The historical data trend for Epic Energy'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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Epic Energy Inventory Turnover Chart

Epic Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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9.59

1.79

3.06

2.48

0.79

Epic Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.11	-0.09	1.01	0.87	0.83

Epic Energy Inventory Turnover Calculation

Epic Energy'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 )
=	1.814	/ (	(2.257	+	2.329)	/	2 )
=	1.814	/	2.293
=	0.79

Epic Energy's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1.884	/ (	(2.265	+	0)	/	1 )
=	1.884	/	2.265
=	0.83

Epic Energy (BOM:530407) 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.

Epic Energy's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	2.265	/	1.884	*	365 / 4
	=	109.70

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.

Epic Energy's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	2.265	/	4.681
	=	0.48

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.

Epic Energy Inventory Turnover Related Terms

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Epic Energy (BOM:530407) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Epic Energy Ltd (BOM:530407) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Sai Pooja Apartment, Office N0.02, Plot No. 374, Sector 19c, Kopar Khairane, Navi Mumbai, MH, IND, 400709

Website

https://www.epicenergy.biz

Epic Energy Ltd is engaged in the business of manufacturing renewable energy devices and also in the manufacturing of solar and wind products. It operates in two segments namely Power conditioners & savers and Renewable Energy & energy-saving appliances. It generates the majority of the revenue from the power-saving solutions segment which includes Power Saver, APFC Panels, Remote Energy Management Software, Automatic Light Controllers, and others. The group mainly operates in India.

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