Automotive Axles (NSE:AUTOAXLES) Inventory Turnover : 1.31 (As of Sep. 2024)

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What is Automotive Axles 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. Automotive Axles's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹3,491 Mil. Automotive Axles's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹2,659 Mil. Automotive Axles's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Automotive Axles's Days Inventory for the three months ended in Sep. 2024 was 69.50.

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. Automotive Axles's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.54.

Automotive Axles Inventory Turnover Historical Data

The historical data trend for Automotive Axles'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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Automotive Axles Inventory Turnover Chart

Automotive Axles Annual Data

Trend

Sep14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.93

3.63

5.45

7.98

6.78

Automotive Axles Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.68	1.54	1.80	1.40	1.31

Automotive Axles Inventory Turnover Calculation

Automotive Axles'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 )
=	16307.09	/ (	(2307.11	+	2502.34)	/	2 )
=	16307.09	/	2404.725
=	6.78

Automotive Axles'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: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	3490.76	/ (	(0	+	2658.59)	/	1 )
=	3490.76	/	2658.59
=	1.31

Automotive Axles (NSE:AUTOAXLES) 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.

Automotive Axles's Days Inventory for the three 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
	=	2658.59	/	3490.76	*	365 / 4
	=	69.50

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.

Automotive Axles'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 )
	=	2658.59	/	4946.84
	=	0.54

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.

Automotive Axles Inventory Turnover Related Terms

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Automotive Axles Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Automotive Axles Ltd (NSE:AUTOAXLES) » Definitions » Inventory Turnover

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505010:India

Address

Off Hunsur Road, Hootagalli Indsutrial Area, Mysore, KA, IND, 570 018

Website

https://www.autoaxle.com

Automotive Axles Ltd is an India-based company engaged in the manufacturing and sale of automotive components. The company manufactures rear drive axle assemblies in India. It manufactures Drive axles, Non-drive axles, Front steer axles, Specialty and defense axles, and Drum and disc brakes. These products are provided to the domestic and global manufacturers of trucks and buses pertaining to segments such as light, medium, and heavy commercial vehicles, military and off-highway vehicles, aftermarket, and exports. The company operates in India.

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