Waa Solar (BOM:541445) Inventory Turnover : 0.03 (As of Mar. 2024)

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What is Waa Solar 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. Waa Solar's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹0.9 Mil. Waa Solar's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹26.9 Mil. Waa Solar's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Waa Solar's Days Inventory for the six months ended in Mar. 2024 was 5,385.75.

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. Waa Solar's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.88.

Waa Solar Inventory Turnover Historical Data

The historical data trend for Waa Solar'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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Waa Solar Inventory Turnover Chart

Waa Solar Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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0.81

0.02

0.08

1.02

-0.52

Waa Solar Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial													-0.06	1.11	-0.96	-0.54	0.03

Waa Solar Inventory Turnover Calculation

Waa Solar'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 )
=	-9.436	/ (	(10.437	+	26.188)	/	2 )
=	-9.436	/	18.3125
=	-0.52

Waa Solar'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0.912	/ (	(27.64	+	26.188)	/	2 )
=	0.912	/	26.914
=	0.03

Waa Solar (BOM:541445) 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.

Waa Solar's Days Inventory for the six 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
	=	26.914	/	0.912	*	365 / 2
	=	5,385.75

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.

Waa Solar'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 )
	=	26.914	/	30.439
	=	0.88

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.

Waa Solar Inventory Turnover Related Terms

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Waa Solar (BOM:541445) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Waa Solar Ltd (BOM:541445) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Madhav House, Near Panchratna Building, Subhanpura, Vadodara, GJ, IND, 390023

Website

http://www.waasolar.org

Waa Solar Ltd is an Indian firm engaged in electric power generation, transmission, and distribution. The company is focused on the development of renewable energy in terms of Solar Power Generation through Ground Mounted Projects and also by undertaking Solar Rooftop Projects. Some of the projects of the company are the 10.25 MW Solar PV Power Project, 100 KW Solar PV Power Project, 10.42 MW Solar PV Power Project, and many more. It generates substantial revenue from the sale of solar power products.

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