Hindustan Zinc (BOM:500188) Inventory Turnover : 1.23 (As of Mar. 2024)

View and export this data going back to 1995. Start your Free Trial

What is Hindustan Zinc 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. Hindustan Zinc's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹23,730 Mil. Hindustan Zinc's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹19,260 Mil. Hindustan Zinc's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hindustan Zinc's Days Inventory for the three months ended in Mar. 2024 was 74.06.

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. Hindustan Zinc's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.26.

Hindustan Zinc Inventory Turnover Historical Data

The historical data trend for Hindustan Zinc'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.

* Premium members only.

Hindustan Zinc Inventory Turnover Chart

Hindustan Zinc Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

Get a 7-Day Free Trial

5.28

6.27

7.50

5.71

5.11

Hindustan Zinc Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.42	1.37	1.27	1.38	1.23

Hindustan Zinc Inventory Turnover Calculation

Hindustan Zinc'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 )
=	96710	/ (	(18620	+	19260)	/	2 )
=	96710	/	18940
=	5.11

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	23730	/ (	(0	+	19260)	/	1 )
=	23730	/	19260
=	1.23

Hindustan Zinc (BOM:500188) 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.

Hindustan Zinc's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	19260	/	23730	*	365 / 4
	=	74.06

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	19260	/	72850
	=	0.26

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.

Hindustan Zinc Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Hindustan Zinc's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Hindustan Zinc (BOM:500188) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hindustan Zinc Ltd (BOM:500188) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

HINDZINC:India

Address

Yashad Bhavan, Udaipur, RJ, IND, 313004

Website

https://www.hzlindia.com

Hindustan Zinc Ltd is engaged in exploring, extracting, processing minerals, and manufacturing metals. The company is focused on mining and smelting zinc, Lead, and silver and also power generation through captive power plants and wind power plants. The company produces products under the brand name HZL and Vedanta. The segments of the company include Zinc, Lead, Silver, and others; and Wind energy. The company generates the majority of its revenues through Zinc, Lead, silver, and other segments. The company has a business presence in India, Asia, and the Rest of the World of which India derives a majority of the revenue.

Hindustan Zinc (BOM:500188) Headlines

No Headlines