AZREF (Azure Power Global) Change In Inventory: $0.0 Mil (TTM As of Mar. 2024)


AZREF Azure Power Global Ltd AZREF
12 GF Score
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What is Azure Power Global Change In Inventory?

Azure Power Global AZREF 12 Change In Inventory is $0.0 Mil as of Mar. 2024. GuruFocus rates AZREF with a GF Score™ of 12/100.

Azure Power Global's change in inventory for the quarter that ended in Mar. 2024 was $0.0 Mil. It means Azure Power Global's inventory stayed the same from Mar. 2023 to Mar. 2024 .

Azure Power Global's change in inventory for the fiscal year that ended in Mar. 2024 was $0.0 Mil. It means Azure Power Global's inventory stayed the same from Mar. 2023 to Mar. 2024 .

Azure Power Global's Total Inventories for the quarter that ended in Mar. 2024 was $0.2 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Azure Power Global's Days Inventory for the quarter that ended in Mar. 2024 was 1.24.

Inventory Turnover measures how fast the company turns over its inventory within a year. Azure Power Global's Inventory Turnover for the quarter that ended in Mar. 2024 was 146.61.

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. Azure Power Global's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Azure Power Global  (OTCPK:AZREF) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Azure Power Global's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=0.1575/23.091*365 / 2
=1.24

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Azure Power Global's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=23.091 / 0.1575
=146.61

3. 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.

Azure Power Global's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.1575 / 256.645
=0.00

* 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.

Azure Power Global Change In Inventory Related Terms

Azure Power Global Change In Inventory Historical Data

* Premium members only.

The historical data trend for Azure Power Global's Change In Inventory 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.

Azure Power Global Change In Inventory Chart

Azure Power Global Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 -0.16 0.00

Azure Power Global Semi-Annual Data
Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 -0.16 0.00
AZREF
12GF Score
Azure Power Global Ltd AZREF
Change In Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
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Azure Power Global Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 was $0.0 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of $0.0 Mil mean?
Azure Power Global (AZREF) has a Change In Inventory of $0.0 Mil as of Mar. 2024. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Azure Power Global and its competitors.
Is Azure Power Global's Change In Inventory too high?
Azure Power Global's current Change In Inventory is $0.0 Mil. Overall, Azure Power Global has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Azure Power Global's Change In Inventory compare to SAFX and VGAS?
Azure Power Global's Change In Inventory of $0.0 Mil can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for an Utilities - Independent Power Producers company?
A good Change In Inventory depends on the Utilities - Independent Power Producers industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Azure Power Global and its competitors. Azure Power Global's current Change In Inventory is $0.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azure Power Global stock overvalued right now?
Azure Power Global (AZREF) has a current Change In Inventory of $0.0 Mil. The current Change In Inventory is $0.0 Mil. Azure Power Global's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Azure Power Global (AZREF), the current Change In Inventory is $0.0 Mil as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Azure Power Global Business Description

Address Phase II, 8th Floor, Tower A, DLF Infinity, Cyber City, Gurugram, HR, IND, 122002
Azure Power Global Ltd is a utility-scale renewable energy project developer and operator. It is engaged in the development, construction, ownership, operation, maintenance, and management of renewable energy assets based on long-term contracts (Power Purchase Agreements or PPA) with Indian Government energy distribution companies, as well as other Indian non-governmental energy distribution companies and commercial customers.
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