eClerx Services (BOM:532927) Inventory Turnover : 732.99 (As of Mar. 2024)

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What is eClerx Services 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. eClerx Services's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹4,728 Mil. eClerx Services's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹6 Mil. eClerx Services's Inventory Turnover for the quarter that ended in Mar. 2024 was 732.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. eClerx Services's Days Inventory for the three months ended in Mar. 2024 was 0.12.

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. eClerx Services's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

eClerx Services Inventory Turnover Historical Data

The historical data trend for eClerx Services'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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eClerx Services Inventory Turnover Chart

eClerx Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2,621.61

2,872.98

2,899.23

3,316.60

3,283.35

eClerx Services 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															906.26	964.23	672.04	700.72	732.99

eClerx Services Inventory Turnover Calculation

eClerx Services'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 )
=	18042.02	/ (	(4.54	+	6.45)	/	2 )
=	18042.02	/	5.495
=	3,283.35

eClerx Services'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 )
=	4727.78	/ (	(0	+	6.45)	/	1 )
=	4727.78	/	6.45
=	732.99

eClerx Services (BOM:532927) 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.

eClerx Services'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
	=	6.45	/	4727.78	*	365 / 4
	=	0.12

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.

eClerx Services'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 )
	=	6.45	/	7665.29
	=	0.00

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.

eClerx Services Inventory Turnover Related Terms

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eClerx Services (BOM:532927) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » eClerx Services Ltd (BOM:532927) » Definitions » Inventory Turnover

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ECLERX:India

Address

Nariman Point, 4th Floor, Express Towers, Mumbai, MH, IND, 400 021

Website

https://www.eclerx.com

eClerx Services Ltd provides a variety of information technology, or IT, and knowledge and business process outsourcing services. The firm's financial services include expense management and accounting and finance, digital marketing services that include customer relationship management and business intelligence, digital branding services that include multi-channel media content management, and cable and telecom services. The company organizes itself into four segments based on geography: United States, United Kingdom, Europe, and Asia-Pacific. The majority of revenue comes from the United States.

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