Apollo Micro Systems (BOM:540879) Inventory Turnover : 0.22 (As of Mar. 2024)

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What is Apollo Micro Systems 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. Apollo Micro Systems's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹964 Mil. Apollo Micro Systems's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹4,336 Mil. Apollo Micro Systems's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Apollo Micro Systems's Days Inventory for the three months ended in Mar. 2024 was 410.58.

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. Apollo Micro Systems's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.20.

Apollo Micro Systems Inventory Turnover Historical Data

The historical data trend for Apollo Micro Systems'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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Apollo Micro Systems Inventory Turnover Chart

Apollo Micro Systems Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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0.95

0.70

0.69

0.66

0.67

Apollo Micro Systems 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															0.22	0.11	0.17	0.16	0.22

Apollo Micro Systems Inventory Turnover Calculation

Apollo Micro Systems'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 )
=	2584.124	/ (	(3415.296	+	4335.588)	/	2 )
=	2584.124	/	3875.442
=	0.67

Apollo Micro Systems'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 )
=	963.558	/ (	(0	+	4335.588)	/	1 )
=	963.558	/	4335.588
=	0.22

Apollo Micro Systems (BOM:540879) 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.

Apollo Micro Systems'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
	=	4335.588	/	963.558	*	365 / 4
	=	410.58

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.

Apollo Micro Systems'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 )
	=	4335.588	/	1354.372
	=	3.20

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.

Apollo Micro Systems Inventory Turnover Related Terms

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Apollo Micro Systems (BOM:540879) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Apollo Micro Systems Ltd (BOM:540879) » Definitions » Inventory Turnover

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APOLLO:India

Address

Plot No 128/A, Road No. 12, BEL Road, IDA Mallapur, Uppal Mandal, Rangareddy, Hyderabad, TG, IND, 500076

Website

https://apollo-micro.com

Apollo Micro Systems Ltd offers design, development, and assembly of custom-built electronics and electro-mechanical solutions. The company sells high-performance, mission and time-critical solutions to Space and Home Land Security, Aviation, Aerospace, Avionics, Defence and naval. It offers a wide range of services such as electronic manufacturing, hardware design services, IT and software services, electronic and mechanical- CAD services.

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