Garuda Construction and Engineering (BOM:544271) Inventory Turnover : 13.50 (As of Mar. 2024)

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What is Garuda Construction and Engineering 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. Garuda Construction and Engineering's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹944 Mil. Garuda Construction and Engineering's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹70 Mil. Garuda Construction and Engineering's Inventory Turnover for the quarter that ended in Mar. 2024 was 13.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Garuda Construction and Engineering's Days Inventory for the six months ended in Mar. 2024 was 13.52.

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. Garuda Construction and Engineering's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

Garuda Construction and Engineering Inventory Turnover Historical Data

The historical data trend for Garuda Construction and Engineering'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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Garuda Construction and Engineering Inventory Turnover Chart

Garuda Construction and Engineering Annual Data

Trend

Mar22

Mar23

Mar24

Inventory Turnover

15.64

21.68

13.50

Garuda Construction and Engineering Semi-Annual Data
	Mar22	Mar23	Mar24
Inventory Turnover	15.64	21.68	13.50

Garuda Construction and Engineering Inventory Turnover Calculation

Garuda Construction and Engineering'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 )
=	943.656	/ (	(66.046	+	73.801)	/	2 )
=	943.656	/	69.9235
=	13.50

Garuda Construction and Engineering'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: Mar. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	943.656	/ (	(66.046	+	73.801)	/	2 )
=	943.656	/	69.9235
=	13.50

Garuda Construction and Engineering (BOM:544271) 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.

Garuda Construction and Engineering'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
	=	69.9235	/	943.656	*	365 / 2
	=	13.52

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.

Garuda Construction and Engineering'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 )
	=	69.9235	/	1541.783
	=	0.05

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.

Garuda Construction and Engineering Inventory Turnover Related Terms

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Garuda Construction and Engineering Business Description

Industry

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GARUDA:India

Address

C -3 Block, 201, A Wing, Fortune 2000, Bandra Kurla Complex, Bandra East, Mumbai, MH, IND, 400 051

Website

https://www.garudaconstructionengineering.com

Garuda Construction and Engineering Ltd is a civil construction company. It provides end-to-end civil construction for residential, commercial, residential cum commercial, infrastructure and industrial projects and additional services for infrastructure and also hospitality projects, Wherein, civil construction includes the construction of residential, hospitality, industrial, infrastructural and commercial buildings, construction of concrete building structures and composite steel structures which are required for the civil construction. Its end-to-end civil construction starts with a detailed route survey, designing, detailed engineering, mobilization of resources, micro scheduling of construction activities, obtaining construction permissions and conducting soil/water testing.

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