Rico Auto Industries (BOM:520008) Inventory Turnover : 1.34 (As of Mar. 2024)

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What is Rico Auto 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. Rico Auto Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹3,834 Mil. Rico Auto Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹2,861 Mil. Rico Auto Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rico Auto Industries's Days Inventory for the three months ended in Mar. 2024 was 68.09.

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. Rico Auto Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.52.

Rico Auto Industries Inventory Turnover Historical Data

The historical data trend for Rico Auto 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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Rico Auto Industries Inventory Turnover Chart

Rico Auto Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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5.33

4.41

4.62

5.71

5.33

Rico Auto 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															1.51	1.33	1.32	1.22	1.34

Rico Auto Industries Inventory Turnover Calculation

Rico Auto 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 )
=	15118.4	/ (	(2809.7	+	2860.5)	/	2 )
=	15118.4	/	2835.1
=	5.33

Rico Auto 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 )
=	3833.5	/ (	(0	+	2860.5)	/	1 )
=	3833.5	/	2860.5
=	1.34

Rico Auto Industries (BOM:520008) 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.

Rico Auto 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
	=	2860.5	/	3833.5	*	365 / 4
	=	68.09

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.

Rico Auto 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 )
	=	2860.5	/	5484.1
	=	0.52

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.

Rico Auto Industries Inventory Turnover Related Terms

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Rico Auto Industries (BOM:520008) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rico Auto Industries Ltd (BOM:520008) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

RICOAUTO:India

Address

Delhi - Jaipur Highway, 38 KM Stone, Gurugram, HR, IND, 122001

Website

https://www.ricoauto.com

Rico Auto Industries Ltd is an established and reputed engineering group sharply focused on the automobile industry. The primary activity of the group includes the manufacturing and sale of auto components for two-wheelers and four-wheelers to original equipment manufacturers. In addition, the company also provides integrated services such as design, development, tooling, casting, machining, and assembly of ferrous and aluminum products. The company generates the majority of its revenue from India.

Rico Auto Industries (BOM:520008) Headlines

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