ACE Software Exports (BOM:531525) Inventory Turnover : -1.73 (As of Mar. 2024)

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What is ACE Software Exports 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. ACE Software Exports's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹-21.7 Mil. ACE Software Exports's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹12.5 Mil. ACE Software Exports's Inventory Turnover for the quarter that ended in Mar. 2024 was -1.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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. ACE Software Exports's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.

ACE Software Exports Inventory Turnover Historical Data

The historical data trend for ACE Software Exports'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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ACE Software Exports Inventory Turnover Chart

ACE Software Exports Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.13

2.54

3.28

-0.07

-0.11

ACE Software Exports 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															-2.42	0.56	0.53	0.62	-1.73

ACE Software Exports Inventory Turnover Calculation

ACE Software Exports'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 )
=	-1.311	/ (	(11.213	+	12.524)	/	2 )
=	-1.311	/	11.8685
=	-0.11

ACE Software Exports'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 )
=	-21.709	/ (	(0	+	12.524)	/	1 )
=	-21.709	/	12.524
=	-1.73

ACE Software Exports (BOM:531525) 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.

ACE Software Exports'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
	=	12.524	/	-21.709	*	365 / 4
	=

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.

ACE Software Exports'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 )
	=	12.524	/	177.523
	=	0.07

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.

ACE Software Exports Inventory Turnover Related Terms

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ACE Software Exports (BOM:531525) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » ACE Software Exports Ltd (BOM:531525) » Definitions » Inventory Turnover

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Address

801 - Everest Commercial Complex, Opposite Shashtri Maidan, Rajkot, GJ, IND, 360001

Website

https://www.acesoftex.com

Ace Software Exports Ltd operates in the business of software database creation. It provides document management, digital publishing, and data conversion solutions using process engineering and cost-effective and flexible conversion systems. The firm operates under a single segment namely Computer Software and Services Exports. The company is engaged in the exports of computer software and service. The company's business relates to database creation pertaining to Information technology-enabled services, which include creating large volume full text, and image-based databases. The company derives the majority of its revenue from the sale of software.

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