Quest Softech (India) (BOM:535719) Inventory Turnover : 0.40 (As of Mar. 2024)

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What is Quest Softech (India) 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. Quest Softech (India)'s Cost of Goods Sold for the three months ended in Mar. 2024 was ₹8.90 Mil. Quest Softech (India)'s Average Total Inventories for the quarter that ended in Mar. 2024 was ₹22.39 Mil. Quest Softech (India)'s Inventory Turnover for the quarter that ended in Mar. 2024 was 0.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Quest Softech (India)'s Days Inventory for the three months ended in Mar. 2024 was 229.65.

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. Quest Softech (India)'s Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.59.

Quest Softech (India) Inventory Turnover Historical Data

The historical data trend for Quest Softech (India)'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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Quest Softech (India) Inventory Turnover Chart

Quest Softech (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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0.84

Quest Softech (India) 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															-	-	0.17	0.20	0.40

Quest Softech (India) Inventory Turnover Calculation

Quest Softech (India)'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 )
=	18.879	/ (	(0	+	22.391)	/	1 )
=	18.879	/	22.391
=	0.84

Quest Softech (India)'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 )
=	8.897	/ (	(0	+	22.391)	/	1 )
=	8.897	/	22.391
=	0.40

Quest Softech (India) (BOM:535719) 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.

Quest Softech (India)'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
	=	22.391	/	8.897	*	365 / 4
	=	229.65

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.

Quest Softech (India)'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 )
	=	22.391	/	8.652
	=	2.59

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.

Quest Softech (India) Inventory Turnover Related Terms

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Quest Softech (India) (BOM:535719) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Quest Softech (India) Ltd (BOM:535719) » Definitions » Inventory Turnover

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890194:India

Address

Cabin No. 11, 7th Floor, Times Square, Andheri Workflo, Next to Sai Service, Andheri East, Mumbai, MH, IND, 400069

Website

https://www.questsoftech.co.in

Quest Softech (India) Ltd is engaged in the business of Software and Hardware Consultancy services related to the preparation and maintenance of accounting, statistical, scientific or mathematical information and reports in India. The company provides data processing, systems integration services, project management, development, and execution. The Company operates in Electric vehicle charger sales and services and allied services which is the only reportable segment.

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