Surana Solar (BOM:533298) Inventory Turnover : 0.16 (As of Mar. 2024)

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What is Surana Solar 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. Surana Solar's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹28.4 Mil. Surana Solar's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹180.7 Mil. Surana Solar's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Surana Solar's Days Inventory for the three months ended in Mar. 2024 was 580.08.

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. Surana Solar's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 4.59.

Surana Solar Inventory Turnover Historical Data

The historical data trend for Surana Solar'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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Surana Solar Inventory Turnover Chart

Surana Solar Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.18

1.98

1.25

2.11

0.77

Surana Solar 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															0.48	0.38	0.05	0.15	0.16

Surana Solar Inventory Turnover Calculation

Surana Solar'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 )
=	119.684	/ (	(132.095	+	180.725)	/	2 )
=	119.684	/	156.41
=	0.77

Surana Solar'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 )
=	28.429	/ (	(0	+	180.725)	/	1 )
=	28.429	/	180.725
=	0.16

Surana Solar (BOM:533298) 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.

Surana Solar'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
	=	180.725	/	28.429	*	365 / 4
	=	580.08

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.

Surana Solar'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 )
	=	180.725	/	39.332
	=	4.59

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.

Surana Solar Inventory Turnover Related Terms

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Surana Solar (BOM:533298) Business Description

Industry

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SURANASOL:India

Address

Plot No.212/3 & 4, Phase II, IDA, Cherlapally, Hyderabad, TG, IND, 500051

Website

https://www.suranasolar.com

Surana Solar Ltd is engaged in the business of manufacturing solar panels/photovoltaic (PV) cells. The company is also engaged in the generation of wind power energy and trading of other solar-related products. It operates through two segments: Solar Products; and Wind power. The majority of revenue is derived from the Solar products segment which involves the manufacturing and trading of Solar Photovoltaic (SPV) Modules. It offers products such as SPV modules; Home lighting systems Solar street lighting products; and Solar lanterns. The wind and Solar Power segment covers the generation of Wind Power and Solar Power energy activities.

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