Bharat Heavy Electricals (BOM:500103) Inventory Turnover : 0.54 (As of Dec. 2023)

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What is Bharat Heavy Electricals 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. Bharat Heavy Electricals's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹40,293 Mil. Bharat Heavy Electricals's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹74,818 Mil. Bharat Heavy Electricals's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bharat Heavy Electricals's Days Inventory for the three months ended in Dec. 2023 was 169.44.

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. Bharat Heavy Electricals's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.42.

Bharat Heavy Electricals Inventory Turnover Historical Data

The historical data trend for Bharat Heavy Electricals'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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Bharat Heavy Electricals Inventory Turnover Chart

Bharat Heavy Electricals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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2.95

1.68

1.47

2.15

2.45

Bharat Heavy Electricals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.54	0.84	0.53	0.50	0.54

Bharat Heavy Electricals Inventory Turnover Calculation

Bharat Heavy Electricals's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	163007.2	/ (	(65602.1	+	67559)	/	2 )
=	163007.2	/	66580.55
=	2.45

Bharat Heavy Electricals's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	40293	/ (	(74818	+	0)	/	1 )
=	40293	/	74818
=	0.54

Bharat Heavy Electricals (BOM:500103) 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.

Bharat Heavy Electricals's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	74818	/	40293	*	365 / 4
	=	169.44

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.

Bharat Heavy Electricals's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	74818	/	52734.9
	=	1.42

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.

Bharat Heavy Electricals Inventory Turnover Related Terms

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Bharat Heavy Electricals (BOM:500103) Business Description

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BHEL:India

Address

BHEL House, Siri Fort, New Delhi, IND, 110 049

Website

https://www.bhel.com

Bharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer and one of the largest engineering and manufacturing companies in India. Its products and services serve power, transportation, energy, oil and gas, defence, and other industrial markets. The company has three business segments: Power (which contributes the majority of total revenue), Industry sector and International Operations. Bharat's product portfolio consists of heavy industrial equipment and components, including turbines, valves, pumps, boilers, and insulators. In addition, the company offers aftersales service to customers for maintenance and repairs and can help synchronize power plants. The majority of total revenue is derived from India, but the company has a footprint in many different regions.

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