Adani Green Energy (BOM:541450) Inventory Turnover : 7.90 (As of Dec. 2023)

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What is Adani Green Energy 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. Adani Green Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹4,110 Mil. Adani Green Energy's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹520 Mil. Adani Green Energy's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Adani Green Energy's Days Inventory for the three months ended in Dec. 2023 was 11.55.

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. Adani Green Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Adani Green Energy Inventory Turnover Historical Data

The historical data trend for Adani Green Energy'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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Adani Green Energy Inventory Turnover Chart

Adani Green Energy Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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0.21

4.73

10.83

63.30

58.99

Adani Green Energy Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															10.06	19.83	13.96	4.19	7.90

Adani Green Energy Inventory Turnover Calculation

Adani Green Energy'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 )
=	20350	/ (	(170	+	520)	/	2 )
=	20350	/	345
=	58.99

Adani Green Energy'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 )
=	4110	/ (	(520	+	0)	/	1 )
=	4110	/	520
=	7.90

Adani Green Energy (BOM:541450) 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.

Adani Green Energy'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
	=	520	/	4110	*	365 / 4
	=	11.55

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.

Adani Green Energy'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 )
	=	520	/	23110
	=	0.02

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.

Adani Green Energy Inventory Turnover Related Terms

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Adani Green Energy (BOM:541450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Adani Green Energy Ltd (BOM:541450) » Definitions » Inventory Turnover

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ADANIGREEN:India

Address

Near Vaishnav Devi Circle, S. G. Highway, Adani Corporate House, Shantigram, Khodiyar, Ahmedabad, GJ, IND, 382421

Website

https://www.adanigreenenergy.com

Adani Green Energy Ltd is engaged in Power Generation and Construction Contracts. It builds, owns, and operates power plants powered by renewable sources of energy like solar and wind. The company derives its income from Power Supply.

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