Axtel Industries (BOM:523850) Inventory Turnover : 0.45 (As of Dec. 2024)

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What is Axtel 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. Axtel Industries's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹182 Mil. Axtel Industries's Average Total Inventories for the quarter that ended in Dec. 2024 was ₹409 Mil. Axtel Industries's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Axtel Industries's Days Inventory for the three months ended in Dec. 2024 was 204.94.

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. Axtel Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.01.

Axtel Industries Inventory Turnover Historical Data

The historical data trend for Axtel 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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Axtel Industries Inventory Turnover Chart

Axtel Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.01

3.29

2.80

2.53

2.47

Axtel Industries 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															0.45	0.72	0.43	0.73	0.45

Axtel Industries Inventory Turnover Calculation

Axtel 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 )
=	1198.481	/ (	(450.233	+	521.317)	/	2 )
=	1198.481	/	485.775
=	2.47

Axtel Industries'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 )
=	182.012	/ (	(408.778	+	0)	/	1 )
=	182.012	/	408.778
=	0.45

Axtel Industries (BOM:523850) 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.

Axtel Industries'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
	=	408.778	/	182.012	*	365 / 4
	=	204.94

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.

Axtel Industries'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 )
	=	408.778	/	404.103
	=	1.01

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.

Axtel Industries Inventory Turnover Related Terms

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Axtel Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Axtel Industries Ltd (BOM:523850) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Vadodara-Halol Highway, Baska, Plot No. 43/1, Village Nurpura, District Panchmahal, Halol, GJ, IND, 389350

Website

https://www.axtelindia.com

Axtel Industries Ltd is engaged in engineering process equipment for the food industry. The company is involved in turnkey systems, product development, and customer service. The business of the company operates in one segment which is Manufacturing Food Processing Instruments. The company derives revenue from the sale of machinery i.e. manufactured goods and related services. The product line of the company consists of solids handling, storage and discharge, sieving and straining, cleaning and grading, size reduction, mixing and blending, and specialized process equipment.

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