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Ekennis Software Service (BOM:543475) Inventory Turnover : 2.60 (As of Sep. 2023)


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What is Ekennis Software Service 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. Ekennis Software Service's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹6.86 Mil. Ekennis Software Service's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹2.64 Mil. Ekennis Software Service's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ekennis Software Service's Days Inventory for the six months ended in Sep. 2023 was 70.10.

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. Ekennis Software Service's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.16.


Ekennis Software Service Inventory Turnover Historical Data

The historical data trend for Ekennis Software Service'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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Ekennis Software Service Inventory Turnover Chart

Ekennis Software Service Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Inventory Turnover
- 95.66 62.63 23.35

Ekennis Software Service Semi-Annual Data
Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Inventory Turnover Get a 7-Day Free Trial 46.54 23.42 17.21 6.48 2.60

Ekennis Software Service Inventory Turnover Calculation

Ekennis Software Service'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 )
=35.044 / ((0.6 + 2.402) / 2 )
=35.044 / 1.501
=23.35

Ekennis Software Service'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 )
=6.863 / ((2.402 + 2.87) / 2 )
=6.863 / 2.636
=2.60

* 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.


Ekennis Software Service  (BOM:543475) 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.

Ekennis Software Service'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
=2.636/6.863*365 / 2
=70.10

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.

Ekennis Software Service'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 )
=2.636 / 16.936
=0.16

* 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.


Ekennis Software Service Inventory Turnover Related Terms

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Ekennis Software Service (BOM:543475) Business Description

Traded in Other Exchanges
N/A
Address
No. 1&2 Second Floor, Neeladri Circle, Electronic City Phase-1, Dodathogur Village, Bangalore, KA, IND, 560100
Ekennis Software Service Ltd operates in the Information technology and Printing Industry. It is in the business of Software IT Solution and Consulting Services, IT Product / Software Development and Software Training, Enterprise Resource Planning solutions, Learning Management solutions, 3D Printing, Digital Printing and Packaging Design Management consultancy. The company generates majority of its revenue from Manpower Supply Services.

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