Humming Bird Education (BOM:542592) Inventory Turnover : 15.50 (As of Sep. 2023)

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What is Humming Bird Education 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. Humming Bird Education's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹15.55 Mil. Humming Bird Education's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹1.00 Mil. Humming Bird Education's Inventory Turnover for the quarter that ended in Sep. 2023 was 15.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Humming Bird Education's Days Inventory for the six months ended in Sep. 2023 was 11.78.

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. Humming Bird Education's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.03.

Humming Bird Education Inventory Turnover Historical Data

The historical data trend for Humming Bird Education'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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Humming Bird Education Inventory Turnover Chart

Humming Bird Education Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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14.97

Humming Bird Education Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial									-	-	-	6.14	15.50

Humming Bird Education Inventory Turnover Calculation

Humming Bird Education'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 )
=	11.994	/ (	(0	+	0.801)	/	1 )
=	11.994	/	0.801
=	14.97

Humming Bird Education's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	15.552	/ (	(0.801	+	1.206)	/	2 )
=	15.552	/	1.0035
=	15.50

Humming Bird Education (BOM:542592) 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.

Humming Bird Education's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	1.0035	/	15.552	*	365 / 2
	=	11.78

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.

Humming Bird Education's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1.0035	/	39.501
	=	0.03

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.

Humming Bird Education Inventory Turnover Related Terms

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Humming Bird Education (BOM:542592) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Humming Bird Education Ltd (BOM:542592) » Definitions » Inventory Turnover

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Address

Wazirpur Industrial Area, A 95/ 3, 2nd Floor, Delhi, IND, 110052

Website

https://hummingbirdeducation.com

Humming Bird Education Ltd is an Indian-based company operating in the education sector. It organizes Olympiads, where students are evaluated on a scientifically constructed syllabus and their academic performance is ranked relative to their peer group. Geographically, the company has a presence across India and Internationally.

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