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Amkay Products (BOM:544169) Inventory Turnover : 1.80 (As of Sep. 2024)


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What is Amkay Products 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. Amkay Products's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹118.5 Mil. Amkay Products's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹66.0 Mil. Amkay Products's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Amkay Products's Days Inventory for the six months ended in Sep. 2024 was 101.61.

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. Amkay Products's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.37.

Amkay Products Inventory Turnover Historical Data

The historical data trend for Amkay Products'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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Amkay Products Inventory Turnover Chart

Amkay Products Annual Data
Trend Mar21 Mar22 Mar23
Inventory Turnover
96.95 24.67 8.93

Amkay Products Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Sep24
Inventory Turnover - - - 3.52 1.80

Amkay Products Inventory Turnover Calculation

Amkay Products'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 )
=205.105 / ((19.841 + 26.081) / 2 )
=205.105 / 22.961
=8.93

Amkay Products'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 )
=118.527 / ((0 + 65.989) / 1 )
=118.527 / 65.989
=1.80

* 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.

Amkay Products  (BOM:544169) 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.

Amkay Products'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
=65.989/118.527*365 / 2
=101.61

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.

Amkay Products'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 )
=65.989 / 178.382
=0.37

* 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.

Amkay Products Inventory Turnover Related Terms

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Amkay Products Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Amkay Products Ltd (BOM:544169) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
Waliv Road, Bunglow No. 68, Rashmi Park, CHS Ltd, Dhumal Nagar, Taluka Vasai, Thane, Mumbai, MH, IND, 401208
Website
https://www.amkayproducts.com
Amkay Products Ltd is a healthcare company. It manufacture, assemble & market a comprehensive portfolio of medical devices, disposables and other Healthcare Products like Face Mask, Alcohol Swabs, Lancet Needles, Nebulizer, Pulse Oximeter, surgeon cap etc. used by healthcare centers, hospitals/clinics, nursing homes etc. Additionally, engaged in branding and marketing of some of the products like Diapers, Plastic Gloves, Suction Machines etc.

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