NRB Industrial Bearings (BOM:535458) Inventory Turnover : 0.32 (As of Sep. 2024)

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What is NRB Industrial Bearings 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. NRB Industrial Bearings's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹72.6 Mil. NRB Industrial Bearings's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹226.3 Mil. NRB Industrial Bearings's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NRB Industrial Bearings's Days Inventory for the three months ended in Sep. 2024 was 284.24.

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. NRB Industrial Bearings's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.38.

NRB Industrial Bearings Inventory Turnover Historical Data

The historical data trend for NRB Industrial Bearings'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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NRB Industrial Bearings Inventory Turnover Chart

NRB Industrial Bearings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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0.83

1.27

1.49

1.71

1.49

NRB Industrial Bearings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.31	0.28	0.56	0.23	0.32

NRB Industrial Bearings Inventory Turnover Calculation

NRB Industrial Bearings'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 )
=	379.66	/ (	(249.606	+	258.499)	/	2 )
=	379.66	/	254.0525
=	1.49

NRB Industrial Bearings's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	72.645	/ (	(0	+	226.285)	/	1 )
=	72.645	/	226.285
=	0.32

NRB Industrial Bearings (BOM:535458) 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.

NRB Industrial Bearings's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	226.285	/	72.645	*	365 / 4
	=	284.24

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.

NRB Industrial Bearings's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	226.285	/	163.624
	=	1.38

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.

NRB Industrial Bearings Inventory Turnover Related Terms

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NRB Industrial Bearings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NRB Industrial Bearings Ltd (BOM:535458) » Definitions » Inventory Turnover

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NIBL:India

Address

Number. 15, Sir Phirozshah Mehta Road, Dhannur building, 2nd Floor, Fort, Mumbai, MH, IND, 400 001

Website

https://www.nrbindustrialbearings.com

NRB Industrial Bearings Ltd is engaged in the business of manufacturing and selling all types of industrial bearings. The company operates in one business segment which is Industrial Bearings. The product line of the company consists of Cam followers, Bottom ring bearings, Wide inner ring Ball bearings, Housed units, Cylindrical roller bearings, Spherical roller bearings, and Deep groove ball bearings. The Ball and roller bearings product of the company generates maximum revenue. The group has a business presence in India and Outside India, of which prime income is generated within India.

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