Hinopak Motors (KAR:HINO) Inventory Turnover : 0.51 (As of Dec. 2024)

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What is Hinopak Motors 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. Hinopak Motors's Cost of Goods Sold for the three months ended in Dec. 2024 was ₨1,827 Mil. Hinopak Motors's Average Total Inventories for the quarter that ended in Dec. 2024 was ₨3,601 Mil. Hinopak Motors's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hinopak Motors's Days Inventory for the three months ended in Dec. 2024 was 179.84.

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. Hinopak Motors's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.79.

Hinopak Motors Inventory Turnover Historical Data

The historical data trend for Hinopak Motors'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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Hinopak Motors Inventory Turnover Chart

Hinopak Motors Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.25

2.85

5.81

6.25

2.17

Hinopak Motors Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.43	0.43	0.39	0.57	0.51

Hinopak Motors Inventory Turnover Calculation

Hinopak Motors'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 )
=	6714.82	/ (	(2043.552	+	4145.84)	/	2 )
=	6714.82	/	3094.696
=	2.17

Hinopak Motors's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	1827.105	/ (	(3615.91	+	3586.092)	/	2 )
=	1827.105	/	3601.001
=	0.51

Hinopak Motors (KAR:HINO) 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.

Hinopak Motors's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	3601.001	/	1827.105	*	365 / 4
	=	179.84

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.

Hinopak Motors's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	3601.001	/	2013.121
	=	1.79

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.

Hinopak Motors Inventory Turnover Related Terms

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Hinopak Motors Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hinopak Motors Ltd (KAR:HINO) » Definitions » Inventory Turnover

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Address

D-2 S.I.T.E. Manghopir Road, P.O. Box No. 10714, Karachi, SD, PAK, 75700

Website

https://www.hinopak.com

Hinopak Motors Ltd engages in the assembling, manufacturing, and marketing of Hino diesel trucks and buses in Pakistan. The company's bus range includes Roadliner Supreme Luxury Bus for long journeys, Citiliner Intercity Buses, Citiliner Urban Buses, luxury Senator Coach and Rapidliner Deluxe Coach. Its truck range includes Hino 300 Series, Hino 500 Series, and Prime Movers. The company's specialized vehicles are engaged in the hauling of a variety of supplies like food, equipment, and machinery, virtually from any location to any destination.

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