GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Emmforce Autotech Ltd (BOM:544166) » Definitions » Inventory Turnover

Emmforce Autotech (BOM:544166) Inventory Turnover : 3.70 (As of Mar. 2023)


View and export this data going back to 2024. Start your Free Trial

What is Emmforce Autotech 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. Emmforce Autotech's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹267.3 Mil. Emmforce Autotech's Average Total Inventories for the quarter that ended in Mar. 2023 was ₹72.2 Mil. Emmforce Autotech's Inventory Turnover for the quarter that ended in Mar. 2023 was 3.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Emmforce Autotech's Days Inventory for the six months ended in Mar. 2023 was 49.26.

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. Emmforce Autotech's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.16.

Emmforce Autotech Inventory Turnover Historical Data

The historical data trend for Emmforce Autotech'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.

Emmforce Autotech Inventory Turnover Chart

Emmforce Autotech Annual Data
Trend Mar21 Mar22 Mar23
Inventory Turnover
9.23 8.98 3.70

Emmforce Autotech Semi-Annual Data
Mar21 Mar22 Mar23
Inventory Turnover 9.23 8.98 3.70

Emmforce Autotech Inventory Turnover Calculation

Emmforce Autotech'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 )
=267.304 / ((65.293 + 79.018) / 2 )
=267.304 / 72.1555
=3.70

Emmforce Autotech's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover (Q: Mar. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2023 ) / ((Total Inventories (Q: Mar. 2022 ) + Total Inventories (Q: Mar. 2023 )) / count )
=267.304 / ((65.293 + 79.018) / 2 )
=267.304 / 72.1555
=3.70

* 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.

Emmforce Autotech  (BOM:544166) 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.

Emmforce Autotech's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2023 )/Cost of Goods Sold (Q: Mar. 2023 )*Days in Period
=72.1555/267.304*365 / 2
=49.26

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.

Emmforce Autotech's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2023 ) / Revenue (Q: Mar. 2023 )
=72.1555 / 456.908
=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.

Emmforce Autotech Inventory Turnover Related Terms

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

Emmforce Autotech Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Emmforce Autotech Ltd (BOM:544166) » Definitions » Inventory Turnover
Comparable Companies
Traded in Other Exchanges
N/A
Address
3 and 5 EPIP Phase I, Jharmajri, Baddi, Distt Solan, Solan, HP, IND, 173205
Website
https://www.emmforce.com
Emmforce Autotech Ltd is engaged in the business of manufacturing niche automotive drivetrain parts like Differential Housings, Differential Lockers, Differential Covers,4WD Locking Hubs, Spindles, Axles & Shafts, Gear Shifters, Yokes, Differential Spools, Differential Tools and various differential forged/cast parts mainly for 4-wheel Drive and performance racing vehicles.

Emmforce Autotech Headlines

No Headlines