Austin Engineering Co (BOM:522005) Inventory Turnover : 0.33 (As of Jun. 2024)

View and export this data going back to 1991. Start your Free Trial

What is Austin Engineering Co 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. Austin Engineering Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ₹91 Mil. Austin Engineering Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ₹281 Mil. Austin Engineering Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Austin Engineering Co's Days Inventory for the three months ended in Jun. 2024 was 280.24.

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. Austin Engineering Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.08.

Austin Engineering Co Inventory Turnover Historical Data

The historical data trend for Austin Engineering Co'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.

Austin Engineering Co Inventory Turnover Chart

Austin Engineering Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

Get a 7-Day Free Trial

1.05

1.13

1.48

1.98

2.49

Austin Engineering Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.34	0.38	0.34	1.45	0.33

Austin Engineering Co Inventory Turnover Calculation

Austin Engineering Co'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 )
=	755.547	/ (	(325.736	+	280.6)	/	2 )
=	755.547	/	303.168
=	2.49

Austin Engineering Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	91.367	/ (	(280.6	+	0)	/	1 )
=	91.367	/	280.6
=	0.33

Austin Engineering Co (BOM:522005) 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.

Austin Engineering Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	280.6	/	91.367	*	365 / 4
	=	280.24

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.

Austin Engineering Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	280.6	/	260.822
	=	1.08

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.

Austin Engineering Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Austin Engineering Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Austin Engineering Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Austin Engineering Co Ltd (BOM:522005) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Village Patla, Taluka Bhesan, District Junagadh, Via Ranpur (Sorath), Post Hadmatiya, Junagadh, GJ, IND, 362030

Website

http://www.aec.com

Austin Engineering Co Ltd is a manufacturer of the range of ball and roller bearings and its components. Its product portfolio consists of deep groove ball bearings, angular contact ball bearings, self-aligning ball bearings, thin section ball bearings, thrust ball bearings, roller bearings, super precision bearings, and plain bearings. The company's products are used in various applications including Aerospace, Mining, and Quarry, Oil and Gas, Railroad, Steel Mills, Machine Tools, Wind Energy, among others. Its segments consist of Bearing and Power. The majority of its revenue is derived from the sale of bearings.

Austin Engineering Co Headlines

No Headlines