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Hind Rectifiers (BOM:504036) Inventory Turnover : 1.17 (As of Mar. 2024)


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What is Hind Rectifiers 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. Hind Rectifiers's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,136 Mil. Hind Rectifiers's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹967 Mil. Hind Rectifiers's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hind Rectifiers's Days Inventory for the three months ended in Mar. 2024 was 77.71.

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. Hind Rectifiers's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.64.


Hind Rectifiers Inventory Turnover Historical Data

The historical data trend for Hind Rectifiers'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.

Hind Rectifiers Inventory Turnover Chart

Hind Rectifiers Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.40 3.43 3.97 3.30 4.06

Hind Rectifiers 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.91 0.79 0.99 1.01 1.17

Hind Rectifiers Inventory Turnover Calculation

Hind Rectifiers'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 )
=3843.239 / ((924.424 + 967.189) / 2 )
=3843.239 / 945.8065
=4.06

Hind Rectifiers'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 )
=1135.721 / ((0 + 967.189) / 1 )
=1135.721 / 967.189
=1.17

* 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.


Hind Rectifiers  (BOM:504036) 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.

Hind Rectifiers'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
=967.189/1135.721*365 / 4
=77.71

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.

Hind Rectifiers'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 )
=967.189 / 1513.584
=0.64

* 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.


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.


Hind Rectifiers Inventory Turnover Related Terms

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Hind Rectifiers (BOM:504036) Business Description

Traded in Other Exchanges
Address
Lake Road, Bhandup (West), Mumbai, MH, IND, 400078
Hind Rectifiers Ltd is engaged in developing, designing, manufacturing, and marketing power semiconductor, power electronic equipment, and railway transportation Equipments. Its products include High Voltage, Cathodic Protection - TRU, Power Diodes, Rectifiers, Transformers and Converters.

Hind Rectifiers (BOM:504036) Headlines

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