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Promax Power (BOM:543375) Inventory Turnover : 1.62 (As of Sep. 2024)


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What is Promax Power 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. Promax Power's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹263.6 Mil. Promax Power's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹162.3 Mil. Promax Power's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Promax Power's Days Inventory for the six months ended in Sep. 2024 was 112.40.

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. Promax Power's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.55.

Promax Power Inventory Turnover Historical Data

The historical data trend for Promax Power'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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Promax Power Inventory Turnover Chart

Promax Power Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Inventory Turnover
4.85 4.02 4.40 4.10

Promax Power Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Inventory Turnover Get a 7-Day Free Trial 1.43 2.33 1.88 2.04 1.62

Promax Power Inventory Turnover Calculation

Promax Power'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 )
=559.499 / ((126.552 + 146.221) / 2 )
=559.499 / 136.3865
=4.10

Promax Power's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover (Q: Sep. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2024 ) / ((Total Inventories (Q: Mar. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count )
=263.572 / ((146.221 + 178.432) / 2 )
=263.572 / 162.3265
=1.62

* 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.

Promax Power  (BOM:543375) 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.

Promax Power's Days Inventory for the six months ended in Sep. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2024 )/Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=162.3265/263.572*365 / 2
=112.40

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.

Promax Power's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=162.3265 / 293.463
=0.55

* 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.

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.

Promax Power Inventory Turnover Related Terms

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Promax Power Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Promax Power Ltd (BOM:543375) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
Sector 82, Industrial Area, Plot No 148 A, JLPL, Mohali, PB, IND, 140306
Website
https://www.promax.co.in
Promax Power Ltd is engaged in the business of engineering procurement construction for electrification, civil infrastructure, and water infrastructure management projects. The company also provides turnkey execution of civil infrastructure projects such as industrial buildings and turnkey execution of water infrastructure management projects such as water transmission and distribution work.

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