CMI (BOM:517330) Inventory Turnover : 0.47 (As of Jun. 2023)

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What is CMI 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. CMI's Cost of Goods Sold for the three months ended in Jun. 2023 was ₹40.0 Mil. CMI's Average Total Inventories for the quarter that ended in Jun. 2023 was ₹84.4 Mil. CMI's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CMI's Days Inventory for the three months ended in Jun. 2023 was 192.37.

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. CMI's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 2.09.

CMI Inventory Turnover Historical Data

The historical data trend for CMI'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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CMI Inventory Turnover Chart

CMI Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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3.57

2.30

1.20

0.82

1.47

CMI Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Inventory Turnover	Get a 7-Day Free Trial															0.21	0.08	0.11	2.25	0.47

CMI Inventory Turnover Calculation

CMI'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 )
=	331.637	/ (	(366.717	+	84.419)	/	2 )
=	331.637	/	225.568
=	1.47

CMI's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	40.044	/ (	(84.419	+	0)	/	1 )
=	40.044	/	84.419
=	0.47

CMI (BOM:517330) 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.

CMI's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	84.419	/	40.044	*	365 / 4
	=	192.37

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.

CMI's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	84.419	/	40.459
	=	2.09

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.

CMI Inventory Turnover Related Terms

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CMI (BOM:517330) Business Description

Industry

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CMICABLES:India

Address

PD-II, Jhilmil Metro Station, Jhilmil Industrial Area, New Delhi, IND, 110095

Website

https://www.cmilimited.in

CMI Ltd is engaged in the business of manufacturing cables for various industries including railways, oil and gas, telecommunications, energy, industrial, power, and petrochemicals. The product portfolio of the company consists of electric cables, submarine cables, control cables, special cables, and extra high voltage (EHV) cables. The products are used for transmitting signals, gas insulation, supplying power, fire detection, and others. Geographically the company operates in India and outside India, out of which the majority of revenue is from India. It is present in the entire value chain of the Wire and Cables Industry. Starting from Design, Development, Manufacturing, and Testing to Marketing and Distribution.

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