CG Power & Industrial Solutions (BOM:500093) Inventory Turnover : 1.66 (As of Sep. 2024)

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What is CG Power & Industrial Solutions 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. CG Power & Industrial Solutions's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹16,987 Mil. CG Power & Industrial Solutions's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹10,232 Mil. CG Power & Industrial Solutions's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CG Power & Industrial Solutions's Days Inventory for the three months ended in Sep. 2024 was 54.96.

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. CG Power & Industrial Solutions's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.42.

CG Power & Industrial Solutions Inventory Turnover Historical Data

The historical data trend for CG Power & Industrial Solutions'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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CG Power & Industrial Solutions Inventory Turnover Chart

CG Power & Industrial Solutions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.26

4.89

8.34

9.27

8.65

CG Power & Industrial Solutions Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.97	1.96	2.05	2.04	1.66

CG Power & Industrial Solutions Inventory Turnover Calculation

CG Power & Industrial Solutions'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 )
=	55875.2	/ (	(5411.8	+	7507.1)	/	2 )
=	55875.2	/	6459.45
=	8.65

CG Power & Industrial Solutions's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	16986.7	/ (	(0	+	10232)	/	1 )
=	16986.7	/	10232
=	1.66

CG Power & Industrial Solutions (BOM:500093) 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.

CG Power & Industrial Solutions'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
	=	10232	/	16986.7	*	365 / 4
	=	54.96

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.

CG Power & Industrial Solutions's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	10232	/	24126.9
	=	0.42

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.

CG Power & Industrial Solutions Inventory Turnover Related Terms

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CG Power & Industrial Solutions Business Description

Industry

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CGPOWER:India

Address

Dr. Annie Besant Road, 6th Floor, CG House, Worli, Mumbai, MH, IND, 400 030

Website

https://www.cgglobal.com

CG Power & Industrial Solutions Ltd is an India based company engaged in providing products, services, and solutions to utilities, industries, and consumers for the management and application of sustainable electrical energy. It has two business segments. Power Systems segment includes products and services from ultra-high-voltage, high voltage, medium voltage and low voltage like transformer, switchgear, and turnkey projects whereas the Industrial Systems segment include rotating machines of power and ratings, automated AC, DC, and variable frequency drives and control systems like electric motors, alternators, drives, traction electronics, and SCADA. It operates in India and internationally. The company generates its revenues majorly from the Industrial systems segment.

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