Hercules Hoists (BOM:505720) Inventory Turnover : 1.38 (As of Mar. 2024)

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What is Hercules Hoists 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. Hercules Hoists's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹311 Mil. Hercules Hoists's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹226 Mil. Hercules Hoists's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hercules Hoists's Days Inventory for the three months ended in Mar. 2024 was 66.18.

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. Hercules Hoists's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.39.

Hercules Hoists Inventory Turnover Historical Data

The historical data trend for Hercules Hoists'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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Hercules Hoists Inventory Turnover Chart

Hercules Hoists Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.35

1.75

2.81

3.09

3.84

Hercules Hoists 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															0.95	0.81	0.97	0.90	1.38

Hercules Hoists Inventory Turnover Calculation

Hercules Hoists'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 )
=	989.872	/ (	(290.242	+	225.61)	/	2 )
=	989.872	/	257.926
=	3.84

Hercules Hoists'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 )
=	311.095	/ (	(0	+	225.61)	/	1 )
=	311.095	/	225.61
=	1.38

Hercules Hoists (BOM:505720) 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.

Hercules Hoists'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
	=	225.61	/	311.095	*	365 / 4
	=	66.18

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.

Hercules Hoists'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 )
	=	225.61	/	572.982
	=	0.39

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.

Hercules Hoists Inventory Turnover Related Terms

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Hercules Hoists (BOM:505720) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hercules Hoists Ltd (BOM:505720) » Definitions » Inventory Turnover

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HERCULES:India

Address

Sector 15, Plot No. 87, 501 to 504, Shelton Cubix, CBD Belapur, Navi Mumbai, Mumbai, MH, IND, 400614

Website

https://www.indef.com

Hercules Hoists Ltd is an Indian company engaged in the business of lifting and handling equipment. The company operates through two segments which include Material handling equipment and Windmill power. Its product consists of Mechanical hoists, Electric chain hoists, Wire rope hoists, Trollies, cranes, Manipulators, Light profile systems, Conductors, automated storage and retrieval systems, Floor operated stacker cranes, Roll out racks and Special solutions. It generates the highest revenue from the Material handling equipment segment.

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