PIX Transmissions (BOM:500333) Inventory Turnover : 0.51 (As of Mar. 2024)

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What is PIX Transmissions 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. PIX Transmissions's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹498 Mil. PIX Transmissions's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹979 Mil. PIX Transmissions's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PIX Transmissions's Days Inventory for the three months ended in Mar. 2024 was 179.31.

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. PIX Transmissions's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.76.

PIX Transmissions Inventory Turnover Historical Data

The historical data trend for PIX Transmissions'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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PIX Transmissions Inventory Turnover Chart

PIX Transmissions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.63

1.71

1.68

1.66

1.85

PIX Transmissions 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															0.49	0.39	0.48	0.49	0.51

PIX Transmissions Inventory Turnover Calculation

PIX Transmissions'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 )
=	1885.851	/ (	(1054.514	+	979.385)	/	2 )
=	1885.851	/	1016.9495
=	1.85

PIX Transmissions'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 )
=	498.416	/ (	(0	+	979.385)	/	1 )
=	498.416	/	979.385
=	0.51

PIX Transmissions (BOM:500333) 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.

PIX Transmissions'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
	=	979.385	/	498.416	*	365 / 4
	=	179.31

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.

PIX Transmissions'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 )
	=	979.385	/	1289.503
	=	0.76

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.

PIX Transmissions Inventory Turnover Related Terms

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PIX Transmissions (BOM:500333) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » PIX Transmissions Ltd (BOM:500333) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

PIXTRANS:India

Address

One BKC, Bandra-Kurla Complex, 12th Floor, Unit No. 1208, B Wing, Bandra (East), Mumbai, MH, IND, 400 051

Website

https://www.pixtrans.com

PIX Transmissions Ltd is engaged in the manufacturing of belts and related mechanical power transmission products in India. The company offers belt products for various sectors such as industrial, agricultural, lawn and garden, automotive, and special application. It also offers other belts such as Ribbed / Poly-V Belts, Banded Belts, Industrial Belts, Agriculture Belts and Other.

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