Hindustan Aeronautics (BOM:541154) Inventory Turnover : 0.19 (As of Dec. 2023)

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What is Hindustan Aeronautics 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. Hindustan Aeronautics's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹27,022 Mil. Hindustan Aeronautics's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹138,845 Mil. Hindustan Aeronautics's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hindustan Aeronautics's Days Inventory for the three months ended in Dec. 2023 was 468.87.

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. Hindustan Aeronautics's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.29.

Hindustan Aeronautics Inventory Turnover Historical Data

The historical data trend for Hindustan Aeronautics'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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Hindustan Aeronautics Inventory Turnover Chart

Hindustan Aeronautics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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0.40

0.45

0.58

0.61

0.71

Hindustan Aeronautics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.16	0.37	0.08	0.15	0.19

Hindustan Aeronautics Inventory Turnover Calculation

Hindustan Aeronautics's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	94551.2	/ (	(143472.8	+	121486.9)	/	2 )
=	94551.2	/	132479.85
=	0.71

Hindustan Aeronautics's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	27021.5	/ (	(138844.6	+	0)	/	1 )
=	27021.5	/	138844.6
=	0.19

Hindustan Aeronautics (BOM:541154) 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.

Hindustan Aeronautics's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	138844.6	/	27021.5	*	365 / 4
	=	468.87

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.

Hindustan Aeronautics's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	138844.6	/	60612.8
	=	2.29

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.

Hindustan Aeronautics Inventory Turnover Related Terms

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Hindustan Aeronautics (BOM:541154) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Hindustan Aeronautics Ltd (BOM:541154) » Definitions » Inventory Turnover

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HAL:India

Address

No. 15/1 Cubbon Road, Bengaluru, KA, IND, 560 001

Website

https://www.hal-india.co.in

Hindustan Aeronautics Ltd operates in the aerospace and defense sector. The company is engaged in the design, manufacturing, and development of products like aircraft, helicopters, systems and accessories, power plants, avionics, materials like castings, rolled rings, rubber products, and aerospace which include structures, tanks, and cryogenic engines. Geographically the company derives revenue from India and other countries, of which a majority of revenue is generated from India.

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