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Pritika Engineering Components (NSE:PRITIKA) Inventory-to-Revenue : 0.42 (As of Mar. 2023)


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What is Pritika Engineering Components 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. Pritika Engineering Components's Average Total Inventories for the quarter that ended in Mar. 2023 was ₹162.5 Mil. Pritika Engineering Components's Revenue for the six months ended in Mar. 2023 was ₹390.1 Mil. Pritika Engineering Components's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.42.

Pritika Engineering Components's Inventory-to-Revenue for the quarter that ended in Mar. 2023 increased from Sep. 2022 (0.31) to Sep. 2022 (0.42)

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. Pritika Engineering Components's Days Inventory for the six months ended in Mar. 2023 was 168.52.

Inventory Turnover measures how fast the company turns over its inventory within a year. Pritika Engineering Components's Inventory Turnover for the quarter that ended in Mar. 2023 was 1.08.


Pritika Engineering Components Inventory-to-Revenue Historical Data

The historical data trend for Pritika Engineering Components'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.

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Pritika Engineering Components Inventory-to-Revenue Chart

Pritika Engineering Components Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Inventory-to-Revenue
0.26 0.24 0.19 0.16 0.20

Pritika Engineering Components Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Mar24
Inventory-to-Revenue Get a 7-Day Free Trial - - 0.31 0.42 -

Competitive Comparison of Pritika Engineering Components's Inventory-to-Revenue

For the Auto Parts subindustry, Pritika Engineering Components'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.


Pritika Engineering Components's Inventory-to-Revenue Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Pritika Engineering Components's Inventory-to-Revenue falls into.



Pritika Engineering Components 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.

Pritika Engineering Components'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 )
=( (154.887 + 197.805) / 2 ) / 873.239
=176.346 / 873.239
=0.20

Pritika Engineering Components's Inventory-to-Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue (Q: Mar. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Sep. 2022 ) + Total Inventories (Q: Mar. 2023 )) / count ) / Revenue (Q: Mar. 2023 )
=( (170.018 + 154.887) / 2 ) / 390.095
=162.4525 / 390.095
=0.42

* 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.


Pritika Engineering Components  (NSE:PRITIKA) 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.

Pritika Engineering Components's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2023 )/Cost of Goods Sold (Q: Mar. 2023 )*Days in Period
=162.4525/175.932*365 / 2
=168.52

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

Pritika Engineering Components's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2023 ) / Average Total Inventories (Q: Mar. 2023 )
=175.932 / 162.4525
=1.08

* 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.


Pritika Engineering Components Inventory-to-Revenue Related Terms

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Pritika Engineering Components (NSE:PRITIKA) Business Description

Traded in Other Exchanges
N/A
Address
Industrial Area, S.A.S Nagar, Plot No.C-94, Phase-VII, Mohali, PB, IND, 160055
Pritika Engineering Components Ltd is engaged in the business of manufacturing precision-machined components for the automotive industry, especially for tractors, trucks, and other commercial vehicles. The company manufactures various Tractors and Automobile components like End Covers, Cover Sealed Brakes, Differential Cases, Cover Hydraulic Lift, Cover Transcase, Front Wheel hubs, Fly Wheel Housing, Rear Axle Casings, Hydraulic Lift Covers, Brake Housing, and Front Engine Supports. It manufactures customized products for tractors, commercial vehicles, and other construction equipment.

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