Vruddhi Engineering Works (BOM:544157) Inventory Turnover : 7.17 (As of Sep. 2024)

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What is Vruddhi Engineering Works 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. Vruddhi Engineering Works's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹89.8 Mil. Vruddhi Engineering Works's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹12.5 Mil. Vruddhi Engineering Works's Inventory Turnover for the quarter that ended in Sep. 2024 was 7.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vruddhi Engineering Works's Days Inventory for the six months ended in Sep. 2024 was 25.44.

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. Vruddhi Engineering Works's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.09.

Vruddhi Engineering Works Inventory Turnover Historical Data

The historical data trend for Vruddhi Engineering Works'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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Vruddhi Engineering Works Inventory Turnover Chart

Vruddhi Engineering Works Annual Data

Trend

Mar21

Mar22

Mar23

Inventory Turnover

2.00

74.33

39.75

Vruddhi Engineering Works Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
Inventory Turnover	-	-	-	9.58	7.17

Vruddhi Engineering Works Inventory Turnover Calculation

Vruddhi Engineering Works'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 )
=	93.952	/ (	(0.393	+	4.334)	/	2 )
=	93.952	/	2.3635
=	39.75

Vruddhi Engineering Works'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: Sep. 2023 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	89.819	/ (	(7.6	+	17.439)	/	2 )
=	89.819	/	12.5195
=	7.17

Vruddhi Engineering Works (BOM:544157) 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.

Vruddhi Engineering Works'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
	=	12.5195	/	89.819	*	365 / 2
	=	25.44

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.

Vruddhi Engineering Works'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 )
	=	12.5195	/	138.295
	=	0.09

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.

Vruddhi Engineering Works Inventory Turnover Related Terms

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Vruddhi Engineering Works Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vruddhi Engineering Works Ltd (BOM:544157) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

N. S. Phadke Road, 1317, Hubtown Solaris, Near Flyover Bridge, Andheri East, Mumbai, MH, IND, 400069

Website

https://www.vruddhicouplers.com

Vruddhi Engineering Works Ltd is engaged in offering mechanical splicing solutions to the real estate, construction and infrastructure industry by designing, engineering and supplying of rebar couplers. It offers (a) supply of rebar couplers as per customer needs; (b) on-site threading services of the couplers; and (c) trading in threading machines and spares. The company supply its products and offers its services to the real estate, construction and infrastructure industry.

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