Astra Microwave Products (BOM:532493) Inventory Turnover : 0.43 (As of Mar. 2024)

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What is Astra Microwave Products 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. Astra Microwave Products's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,190 Mil. Astra Microwave Products's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹5,146 Mil. Astra Microwave Products's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Astra Microwave Products's Days Inventory for the three months ended in Mar. 2024 was 214.37.

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. Astra Microwave Products's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.45.

Astra Microwave Products Inventory Turnover Historical Data

The historical data trend for Astra Microwave Products'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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Astra Microwave Products Inventory Turnover Chart

Astra Microwave Products Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.25

1.46

1.41

1.24

1.17

Astra Microwave Products 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															0.43	0.23	0.24	0.26	0.43

Astra Microwave Products Inventory Turnover Calculation

Astra Microwave Products'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 )
=	5459.185	/ (	(4190.587	+	5145.796)	/	2 )
=	5459.185	/	4668.1915
=	1.17

Astra Microwave Products'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 )
=	2190.385	/ (	(0	+	5145.796)	/	1 )
=	2190.385	/	5145.796
=	0.43

Astra Microwave Products (BOM:532493) 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.

Astra Microwave Products'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
	=	5145.796	/	2190.385	*	365 / 4
	=	214.37

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.

Astra Microwave Products'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 )
	=	5145.796	/	3539.55
	=	1.45

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.

Astra Microwave Products Inventory Turnover Related Terms

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Astra Microwave Products (BOM:532493) Business Description

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ASTRAMICRO:India

Address

Astra Towers, Survey No.12 (Part), Kothaguda Post, Opp. CII Green Building, Kondapur, Hitech City, Hyderabad, TG, IND, 500038

Website

https://www.astramwp.com

Astra Microwave Products Ltd is engaged in designing and manufacturing radio frequency (RF) and microwave super components and sub-systems finding applications in defense, space, telecom, meteorology, and civil communication systems. The principal activity of the company is to carry on the business to manufacture, produce, assemble, repair, maintain, importing, export, buy, sell, or otherwise deal in all kinds of electronic items and components.

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