Bikewo Green Tech (NSE:BIKEWO) Inventory Turnover: 0.58 (As of Mar. 2024)

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NSE:BIKEWO Bikewo Green Tech Ltd NSE:BIKEWO
17 GF Score
Price ₹116.00
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What is Bikewo Green Tech Inventory Turnover?

Bikewo Green Tech NSE:BIKEWO +3.39% 17 Inventory Turnover is 0.58 as of Mar. 2024. GuruFocus rates NSE:BIKEWO with a GF Score™ of 17/100. The stock has 8 warning signs investors should review.

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. Bikewo Green Tech's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹60.88 Mil. Bikewo Green Tech's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹104.51 Mil. Bikewo Green Tech's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bikewo Green Tech's Days Inventory for the three months ended in Mar. 2024 was 156.66.

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. Bikewo Green Tech's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.50.

Bikewo Green Tech  (NSE:BIKEWO) 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.

Bikewo Green Tech's Days Inventory for the three 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
=104.513/60.876*365 / 4
=156.66

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.

Bikewo Green Tech'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 )
=104.513 / 69.481
=1.50

* 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.

Bikewo Green Tech Inventory Turnover Related Terms

Bikewo Green Tech Inventory Turnover Historical Data

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The historical data trend for Bikewo Green Tech'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.

Bikewo Green Tech Inventory Turnover Chart

Bikewo Green Tech Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Inventory Turnover
Get a 7-Day Free Trial 2.65 3.10 2.38 2.69 10.48

Bikewo Green Tech Quarterly Data
Mar24
Inventory Turnover 0.58
NSE:BIKEWO
17GF Score
Bikewo Green Tech Ltd NSE:BIKEWO
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Bikewo Green Tech Inventory Turnover Calculation

Bikewo Green Tech's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Inventory Turnover (A: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2026 ) / ((Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count )
=486.657 / ((55.614 + 37.255) / 2 )
=486.657 / 46.4345
=10.48

Bikewo Green Tech'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: . 20 ) + Total Inventories (Q: Mar. 2024 )) / count )
=60.876 / (( + 104.513) / 1 )
=60.876 / 104.513
=0.58

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.58 mean?
Bikewo Green Tech (NSE:BIKEWO) has a Inventory Turnover of 0.58 as of Mar. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Bikewo Green Tech and its competitors.
Is Bikewo Green Tech's Inventory Turnover too high?
Bikewo Green Tech's current Inventory Turnover is 0.58. Overall, Bikewo Green Tech has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Bikewo Green Tech's Inventory Turnover compare to CVNA and PAG?
Bikewo Green Tech's Inventory Turnover of 0.58 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Vehicles & Parts company?
A good Inventory Turnover depends on the Vehicles & Parts industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Bikewo Green Tech and its competitors. Bikewo Green Tech's current Inventory Turnover is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bikewo Green Tech stock overvalued right now?
Bikewo Green Tech (NSE:BIKEWO) has a current Inventory Turnover of 0.58. The current Inventory Turnover is 0.58. Bikewo Green Tech's overall GF Score™ is 17/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Bikewo Green Tech (NSE:BIKEWO), the current Inventory Turnover is 0.58 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Bikewo Green Tech Business Description

Address Lakshmi Sai Damam, Road No. 5, H.No. 1-90/7/B/38, Flat No. 201, 2nd Floor, Patrika Nagar, Shaikpet, Madhapur, Hyderabad, TG, IND, 500081
Bikewo Green Tech Ltd is an electric two-wheeler retailer in India. The company's business activities are operated through dealership models. It offers three types of dealerships to dealers such as State Dealership; Diamond Dealership and Platinum Dealership.
17GF Score

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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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