Dev Information Technology (BOM:543462) Inventory Turnover : 7.57 (As of Dec. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Dev Information Technology 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. Dev Information Technology's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹425 Mil. Dev Information Technology's Average Total Inventories for the quarter that ended in Dec. 2024 was ₹56 Mil. Dev Information Technology's Inventory Turnover for the quarter that ended in Dec. 2024 was 7.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dev Information Technology's Days Inventory for the three months ended in Dec. 2024 was 12.05.

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. Dev Information Technology's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.12.

Dev Information Technology Inventory Turnover Historical Data

The historical data trend for Dev Information Technology'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.

* Premium members only.

Dev Information Technology Inventory Turnover Chart

Dev Information Technology Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

Get a 7-Day Free Trial

10.14

10.67

13.40

23.18

25.31

Dev Information Technology Quarterly Data
	Mar18	Mar19	Sep19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															5.50	5.62	4.41	6.23	7.57

Dev Information Technology Inventory Turnover Calculation

Dev Information Technology'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 )
=	1432.837	/ (	(49.833	+	63.375)	/	2 )
=	1432.837	/	56.604
=	25.31

Dev Information Technology's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	425.447	/ (	(56.165	+	0)	/	1 )
=	425.447	/	56.165
=	7.57

Dev Information Technology (BOM:543462) 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.

Dev Information Technology's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	56.165	/	425.447	*	365 / 4
	=	12.05

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.

Dev Information Technology's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	56.165	/	477.117
	=	0.12

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.

Dev Information Technology Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Dev Information Technology's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Dev Information Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Dev Information Technology Ltd (BOM:543462) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

DEVIT:India

Address

Thaltej - Shilaj Road, 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej, Ahmedabad, GJ, IND, 380059

Website

https://www.devitpl.com

Dev Information Technology Ltd is engaged in providing information technology solutions and consultancy services in India. It offers advisory, architecture, implementation, and support services. The company provides various services namely enterprise applications and mobility, infrastructure management, cloud computing, digital services and licensing among others. It operates in a single segment being IT and IT enabled services.

Dev Information Technology Headlines

No Headlines