Avance Technologies (BOM:512149) Change In Inventory : ₹0 Mil (TTM As of Mar. 2024)

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What is Avance Technologies Change In Inventory?

Avance Technologies's change in inventory for the quarter that ended in Mar. 2024 was ₹0 Mil. It means Avance Technologies's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Avance Technologies's change in inventory for the fiscal year that ended in Mar. 2024 was ₹-130 Mil. It means Avance Technologies's inventory increased by ₹130 Mil from Mar. 2023 to Mar. 2024 .

Avance Technologies's Total Inventories for the quarter that ended in Mar. 2024 was ₹196 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Avance Technologies's Days Inventory for the quarter that ended in Mar. 2024 was 8.42.

Inventory Turnover measures how fast the company turns over its inventory within a year. Avance Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 was 10.83.

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. Avance Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.09.

Avance Technologies Change In Inventory Historical Data

The historical data trend for Avance Technologies'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.

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Avance Technologies Change In Inventory Chart

Avance Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Change In Inventory

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199.94

-37.75

-28.11

-129.68

Avance Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Avance Technologies Change In Inventory Calculation

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

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0 Mil.

Avance Technologies (BOM:512149) Change In Inventory Explanation

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

Avance Technologies's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	97.7725	/	1059.167	*	365 / 4
	=	8.42

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

Avance Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1059.167	/	97.7725
	=	10.83

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.

Avance Technologies's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	97.7725	/	1057.495
	=	0.09

Avance Technologies Change In Inventory Related Terms

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Avance Technologies (BOM:512149) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Avance Technologies Ltd (BOM:512149) » Definitions » Change In Inventory

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Address

Office No. 226/227, Second Floor, Majestic Center, 144 Opera House, Mumbai, MH, IND, 400002

Website

https://www.avance.in

Avance Technologies Ltd is engaged in the trading of information technology software products. The company's principal activities include software and hardware resale. Its products and services include short code services, enterprises mobile marketing, mobile marketing solution suit, electronic mail, and web integration, ad insertion program, wireless application protocol, mobile coupons page elements, OBD and IBD, e-mail marketing, call conferencing platform, and subscriber management platform. The firm generates revenue from the sale of IT products.

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