GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ASK Automotive Ltd (BOM:544022) » Definitions » Inventory-to-Revenue

ASK Automotive (BOM:544022) Inventory-to-Revenue : 0.24 (As of Sep. 2024)


View and export this data going back to 2023. Start your Free Trial

What is ASK Automotive Inventory-to-Revenue?

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. ASK Automotive's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹2,322 Mil. ASK Automotive's Revenue for the three months ended in Sep. 2024 was ₹9,739 Mil. ASK Automotive's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.24.

ASK Automotive's Inventory-to-Revenue for the quarter that ended in Sep. 2024 increased from Jun. 2024 (0.21) to Jun. 2024 (0.24)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ASK Automotive's Days Inventory for the three months ended in Sep. 2024 was 31.70.

Inventory Turnover measures how fast the company turns over its inventory within a year. ASK Automotive's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.88.


ASK Automotive Inventory-to-Revenue Historical Data

The historical data trend for ASK Automotive's Inventory-to-Revenue 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.

* Premium members only.

ASK Automotive Inventory-to-Revenue Chart

ASK Automotive Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Inventory-to-Revenue
0.07 0.06 0.06 0.06

ASK Automotive Quarterly Data
Mar21 Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.24 - 0.24 0.21 0.24

Competitive Comparison of ASK Automotive's Inventory-to-Revenue

For the Auto Parts subindustry, ASK Automotive's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ASK Automotive's Inventory-to-Revenue Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ASK Automotive's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where ASK Automotive's Inventory-to-Revenue falls into.



ASK Automotive Inventory-to-Revenue Calculation

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.

ASK Automotive's Inventory-to-Revenue for the fiscal year that ended in Mar. 2024 is calculated as

Inventory-to-Revenue (A: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Mar. 2023 ) + Total Inventories (A: Mar. 2024 )) / count ) / Revenue (A: Mar. 2024 )
=( (1535.762 + 1767.764) / 2 ) / 29565.942
=1651.763 / 29565.942
=0.06

ASK Automotive's Inventory-to-Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue (Q: Sep. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count ) / Revenue (Q: Sep. 2024 )
=( (0 + 2322.2) / 1 ) / 9738.6
=2322.2 / 9738.6
=0.24

* 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.


ASK Automotive  (BOM:544022) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

ASK Automotive's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2024 )/Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=2322.2/6683.7*365 / 4
=31.70

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

ASK Automotive's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2024 ) / Average Total Inventories (Q: Sep. 2024 )
=6683.7 / 2322.2
=2.88

* 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.


ASK Automotive Inventory-to-Revenue Related Terms

Thank you for viewing the detailed overview of ASK Automotive's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.


ASK Automotive Business Description

Traded in Other Exchanges
Address
Sector 5, IMT Manesar, Plot No - 13-14, Gurgaon, HR, IND, 122 050
ASK Automotive Ltd is a manufacturer of brake-shoe and advanced braking systems for two-wheelers in India. The product range of the company includes AB systems; aluminum lightweight precision, wheel assembly to 2W OEMs; and safety control cables The company operates in India as well as overseas.

ASK Automotive Headlines

No Headlines