HeidelbergCement India (BOM:500292) Inventory Turnover : 0.72 (As of Dec. 2023)

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What is HeidelbergCement India 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. HeidelbergCement India's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,417 Mil. HeidelbergCement India's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹1,957 Mil. HeidelbergCement India's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HeidelbergCement India's Days Inventory for the three months ended in Dec. 2023 was 126.01.

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. HeidelbergCement India's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.32.

HeidelbergCement India Inventory Turnover Historical Data

The historical data trend for HeidelbergCement India'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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HeidelbergCement India Inventory Turnover Chart

HeidelbergCement India Annual Data

Trend

Dec14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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3.10

2.97

2.94

2.57

2.30

HeidelbergCement India 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															0.60	0.57	0.64	0.55	0.72

HeidelbergCement India Inventory Turnover Calculation

HeidelbergCement India'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 )
=	4010	/ (	(1730.5	+	1752.3)	/	2 )
=	4010	/	1741.4
=	2.30

HeidelbergCement India'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 )
=	1416.9	/ (	(1956.7	+	0)	/	1 )
=	1416.9	/	1956.7
=	0.72

HeidelbergCement India (BOM:500292) 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.

HeidelbergCement India'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
	=	1956.7	/	1416.9	*	365 / 4
	=	126.01

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.

HeidelbergCement India'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 )
	=	1956.7	/	6071.3
	=	0.32

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.

HeidelbergCement India Inventory Turnover Related Terms

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HeidelbergCement India (BOM:500292) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » HeidelbergCement India Ltd (BOM:500292) » Definitions » Inventory Turnover

Traded in Other Exchanges

HEIDELBERG:India

Address

Plot Number 68, Sector-44, 2nd Floor, Gurugram, HR, IND, 122002

Website

https://www.mycemco.com

HeidelbergCement India Ltd operates in the fields of cement, concrete and other downstream activities. The company is engaged in the manufacturing of cement. Its manufacturing facilities are situated in Ammasandra (Karnataka), Damoh (Madhya Pradesh) and Jhansi (Uttar Pradesh). The company's principal products are Portland Pozzolana Cement and Portland Slag cement. Maximum revenue is derived from the sale of cement.

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