BMW Industries (BOM:542669) Inventory Turnover : 0.41 (As of Mar. 2024)

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What is BMW Industries 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. BMW Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹283 Mil. BMW Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹686 Mil. BMW Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BMW Industries's Days Inventory for the three months ended in Mar. 2024 was 220.97.

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. BMW Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.50.

BMW Industries Inventory Turnover Historical Data

The historical data trend for BMW Industries'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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BMW Industries Inventory Turnover Chart

BMW Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.56

1.12

1.22

1.60

1.82

BMW Industries 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															0.39	0.40	0.68	0.53	0.41

BMW Industries Inventory Turnover Calculation

BMW Industries'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 )
=	1872.824	/ (	(1372.821	+	685.76)	/	2 )
=	1872.824	/	1029.2905
=	1.82

BMW Industries'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 )
=	283.187	/ (	(0	+	685.76)	/	1 )
=	283.187	/	685.76
=	0.41

BMW Industries (BOM:542669) 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.

BMW Industries'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
	=	685.76	/	283.187	*	365 / 4
	=	220.97

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.

BMW Industries'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 )
	=	685.76	/	1373.123
	=	0.50

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.

BMW Industries Inventory Turnover Related Terms

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BMW Industries (BOM:542669) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » BMW Industries Ltd (BOM:542669) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

119, Park Street, White House, 3rd Floor, Kolkata, WB, IND, 700016

Website

https://www.bmwil.co.in

BMW Industries Ltd is an Indian company involved in steel manufacturing and processing activity. It manufactures two types of products, Long products such as towers, structures, and TMT, and Flat products like pipes, galvanised plain, and galvanised corrugated. The company is engaged in the galvanizing of tubes in addition to the manufacture of tubular poles/structures, transmission line towers, and rebars. Its product portfolio covers Rebars, HR sheets, slit coils, pipes, and poles, Bansal TMT, Bansal pipes, Full hard cold rolled coils, TMT rolling, and others. The company generates the majority of its revenue from the domestic market.

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