The Hi-Tech Gears (BOM:522073) Inventory Turnover : 0.83 (As of Dec. 2024)

View and export this data going back to 2000. Start your Free Trial

What is The Hi-Tech Gears 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. The Hi-Tech Gears's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹1,010 Mil. The Hi-Tech Gears's Average Total Inventories for the quarter that ended in Dec. 2024 was ₹1,217 Mil. The Hi-Tech Gears's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Hi-Tech Gears's Days Inventory for the three months ended in Dec. 2024 was 109.98.

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. The Hi-Tech Gears's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.61.

The Hi-Tech Gears Inventory Turnover Historical Data

The historical data trend for The Hi-Tech Gears'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.

The Hi-Tech Gears Inventory Turnover Chart

The Hi-Tech Gears Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

Get a 7-Day Free Trial

4.00

4.79

5.51

5.76

5.33

The Hi-Tech Gears Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															1.12	1.92	1.06	1.01	0.83

The Hi-Tech Gears Inventory Turnover Calculation

The Hi-Tech Gears'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 )
=	6581.64	/ (	(1234.86	+	1236.34)	/	2 )
=	6581.64	/	1235.6
=	5.33

The Hi-Tech Gears's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	1009.79	/ (	(1217.04	+	0)	/	1 )
=	1009.79	/	1217.04
=	0.83

The Hi-Tech Gears (BOM:522073) 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.

The Hi-Tech Gears's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	1217.04	/	1009.79	*	365 / 4
	=	109.98

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.

The Hi-Tech Gears's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	1217.04	/	2005.34
	=	0.61

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.

The Hi-Tech Gears Inventory Turnover Related Terms

Thank you for viewing the detailed overview of The Hi-Tech Gears's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

The Hi-Tech Gears Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » The Hi-Tech Gears Ltd (BOM:522073) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

HITECHGEAR:India

Address

Sushant Lok 1, Sector 27, Tower B, 14th Floor, Unitech's Millennium plaza, Gurugram, HR, IND, 122009

Website

https://www.thehitechgears.com

The Hi-Tech Gears Ltd is a manufacturer of auto components. The company is engaged in the business of gears and transmission components. It provides diverse parts and accessories for motor vehicles such as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalyzer, clutches, steering wheels, steering columns and steering boxes. The company's product includes power takeoff, car transmission and driveline components, precision forging or precision machining, and machined sintered components. Geographically, it derives a majority of revenue from India and also has its presence in America and Other countries.

The Hi-Tech Gears Headlines

No Headlines