Techknowgreen Solutions (BOM:543991) Inventory Turnover : 1.77 (As of Mar. 2024)

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What is Techknowgreen Solutions 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. Techknowgreen Solutions's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹74.8 Mil. Techknowgreen Solutions's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹42.2 Mil. Techknowgreen Solutions's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Techknowgreen Solutions's Days Inventory for the six months ended in Mar. 2024 was 102.82.

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. Techknowgreen Solutions's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.30.

Techknowgreen Solutions Inventory Turnover Historical Data

The historical data trend for Techknowgreen Solutions'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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Techknowgreen Solutions Inventory Turnover Chart

Techknowgreen Solutions Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

1.88

2.54

-0.11

1.97

Techknowgreen Solutions Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
Inventory Turnover	-	-	-	0.41	1.77

Techknowgreen Solutions Inventory Turnover Calculation

Techknowgreen Solutions'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 )
=	89.095	/ (	(38.284	+	52.316)	/	2 )
=	89.095	/	45.3
=	1.97

Techknowgreen Solutions'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	74.819	/ (	(31.992	+	52.316)	/	2 )
=	74.819	/	42.154
=	1.77

Techknowgreen Solutions (BOM:543991) 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.

Techknowgreen Solutions's Days Inventory for the six 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
	=	42.154	/	74.819	*	365 / 2
	=	102.82

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.

Techknowgreen Solutions'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 )
	=	42.154	/	142.214
	=	0.30

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.

Techknowgreen Solutions Inventory Turnover Related Terms

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Techknowgreen Solutions (BOM:543991) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Techknowgreen Solutions Ltd (BOM:543991) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Flat-202, Hem Opal Apartment, Plot No. 26, Ekta Park Society, Wakdewadi, Pune, MH, IND, 411003

Website

http://www.techknowgreen.com

Techknowgreen Solutions Ltd is an environmental consulting company. It is engaged in the business of 'providing consulting services in almost every realm of environment & infrastructure planning, solutions to every problem of environment & climate change, which are both environmentally as well as economically feasible. It is one of the first companies in India to provide environmental IT solutions through cutting-edge software applications and compliance solutions. The company has diverse experience in handling complex projects across various industries like infrastructure, chemical, automobile, healthcare, manufacturing, real estate and national/state governments. Its client base includes government, semi-government organizations, MNCs, large companies, mid-size companies and MSMEs.

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