Hindusthan National Glass & Industries (BOM:515145) Inventory Turnover : 0.44 (As of Mar. 2024)

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What is Hindusthan National Glass & Industries 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. Hindusthan National Glass & Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,209 Mil. Hindusthan National Glass & Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹5,040 Mil. Hindusthan National Glass & Industries'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. Hindusthan National Glass & Industries's Days Inventory for the three months ended in Mar. 2024 was 208.17.

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. Hindusthan National Glass & Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.81.

Hindusthan National Glass & Industries Inventory Turnover Historical Data

The historical data trend for Hindusthan National Glass & Industries'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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Hindusthan National Glass & Industries Inventory Turnover Chart

Hindusthan National Glass & Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.65

1.28

2.33

2.35

1.57

Hindusthan National Glass & Industries 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															0.52	0.54	0.27	0.29	0.44

Hindusthan National Glass & Industries Inventory Turnover Calculation

Hindusthan National Glass & Industries'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 )
=	7283.054	/ (	(4251.629	+	5039.889)	/	2 )
=	7283.054	/	4645.759
=	1.57

Hindusthan National Glass & Industries'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 )
=	2209.17	/ (	(0	+	5039.889)	/	1 )
=	2209.17	/	5039.889
=	0.44

Hindusthan National Glass & Industries (BOM:515145) 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.

Hindusthan National Glass & Industries'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
	=	5039.889	/	2209.17	*	365 / 4
	=	208.17

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.

Hindusthan National Glass & Industries'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 )
	=	5039.889	/	6218.431
	=	0.81

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.

Hindusthan National Glass & Industries Inventory Turnover Related Terms

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Hindusthan National Glass & Industries (BOM:515145) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Hindusthan National Glass & Industries Ltd (BOM:515145) » Definitions » Inventory Turnover

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Traded in Other Exchanges

HINDNATGLS:India

Address

2, Red Cross Place, Post Box : 2722, Kolkata, WB, IND, 700 001

Website

https://www.hngil.com

Hindusthan National Glass & Industries Ltd is engaged in the manufacturing and selling of Container Glass Bottles. Geographically, it derives a majority of its revenue from India. The company primarily serves the pharmaceuticals, liquor, beer, beverages, cosmetics, and processed food industries. It also serves the overseas market.

Hindusthan National Glass & Industries (BOM:515145) Headlines

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