Kinetic Engineering (BOM:500240) Inventory Turnover : 0.44 (As of Mar. 2024)

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What is Kinetic Engineering 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. Kinetic Engineering's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹226 Mil. Kinetic Engineering's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹510 Mil. Kinetic Engineering's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kinetic Engineering's Days Inventory for the three months ended in Mar. 2024 was 205.82.

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. Kinetic Engineering's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.26.

Kinetic Engineering Inventory Turnover Historical Data

The historical data trend for Kinetic Engineering'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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Kinetic Engineering Inventory Turnover Chart

Kinetic Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.08

1.46

1.95

1.77

1.66

Kinetic Engineering 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															0.43	0.39	0.44	0.39	0.44

Kinetic Engineering Inventory Turnover Calculation

Kinetic Engineering'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 )
=	790.9	/ (	(442.796	+	510.2)	/	2 )
=	790.9	/	476.498
=	1.66

Kinetic Engineering'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 )
=	226.2	/ (	(0	+	510.2)	/	1 )
=	226.2	/	510.2
=	0.44

Kinetic Engineering (BOM:500240) 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.

Kinetic Engineering'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
	=	510.2	/	226.2	*	365 / 4
	=	205.82

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.

Kinetic Engineering'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 )
	=	510.2	/	405.6
	=	1.26

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.

Kinetic Engineering Inventory Turnover Related Terms

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Kinetic Engineering (BOM:500240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Kinetic Engineering Ltd (BOM:500240) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

D-1 Block, MIDC, Plot No. 18/2, Kinetic Innovation Park, Chinchwad, Pune, MH, IND, 411019

Website

https://www.kineticindia.com

Kinetic Engineering Ltd operates in the automobile industry. The company is engaged in the manufacturing and distribution of automotive components. Its product offerings include transmission components, engine components, complete gearbox and engine assemblies for auto and non-auto products.

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