Urja Global (BOM:526987) Inventory Turnover : 0.26 (As of Mar. 2024)

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What is Urja Global 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. Urja Global's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹102.1 Mil. Urja Global's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹391.8 Mil. Urja Global's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Urja Global's Days Inventory for the three months ended in Mar. 2024 was 350.30.

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. Urja Global's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.08.

Urja Global Inventory Turnover Historical Data

The historical data trend for Urja Global'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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Urja Global Inventory Turnover Chart

Urja Global Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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20.11

16.51

6.30

1.96

1.14

Urja Global 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															0.45	0.37	0.32	0.28	0.26

Urja Global Inventory Turnover Calculation

Urja Global'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 )
=	338.656	/ (	(200.203	+	391.82)	/	2 )
=	338.656	/	296.0115
=	1.14

Urja Global'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 )
=	102.065	/ (	(0	+	391.82)	/	1 )
=	102.065	/	391.82
=	0.26

Urja Global (BOM:526987) 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.

Urja Global'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
	=	391.82	/	102.065	*	365 / 4
	=	350.30

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.

Urja Global'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 )
	=	391.82	/	127.252
	=	3.08

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.

Urja Global Inventory Turnover Related Terms

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Urja Global (BOM:526987) Business Description

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URJA:India

Address

487/63, 1st Floor, National Market, Peeragarhi, New Delhi, IND, 110087

Website

https://www.urjaglobal.in

Urja Global Ltd is an India based renewable energy developer. The firm is engaged in design, consultancy, integration, supply, installation, commissioning and maintenance of off-grid and grid-connected solar power plants and decentralized Solar Application and trading of solar products, Lead Acid Batteries. The company's product portfolio includes batteries; led lights; inverters; PV module; charge controller; solar lanterns; solar power pack; home lighting and others.

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