CMM Infraprojects (NSE:CMMIPL) Inventory Turnover: 2.38 (As of Mar. 2018)


What is CMM Infraprojects Inventory Turnover?

CMM Infraprojects NSE:CMMIPL Inventory Turnover is 2.38 as of Mar. 2018.

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. CMM Infraprojects's Cost of Goods Sold for the six months ended in Mar. 2018 was ₹807 Mil. CMM Infraprojects's Average Total Inventories for the quarter that ended in Mar. 2018 was ₹340 Mil. CMM Infraprojects's Inventory Turnover for the quarter that ended in Mar. 2018 was 2.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CMM Infraprojects's Days Inventory for the six months ended in Mar. 2018 was 76.81.

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. CMM Infraprojects's Inventory-to-Revenue for the quarter that ended in Mar. 2018 was 0.36.

CMM Infraprojects  (NSE:CMMIPL) 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.

CMM Infraprojects's Days Inventory for the six months ended in Mar. 2018 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2018 )/Cost of Goods Sold (Q: Mar. 2018 )*Days in Period
=339.558/806.781*365 / 2
=76.81

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.

CMM Infraprojects's Inventory to Revenue for the quarter that ended in Mar. 2018 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2018 ) / Revenue (Q: Mar. 2018 )
=339.558 / 940.376
=0.36

* 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.

CMM Infraprojects Inventory Turnover Related Terms

CMM Infraprojects Inventory Turnover Historical Data

* Premium members only.

The historical data trend for CMM Infraprojects'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.

CMM Infraprojects Inventory Turnover Chart

CMM Infraprojects Annual Data
Trend Mar17 Mar18
Inventory Turnover
7.21 6.59

CMM Infraprojects Semi-Annual Data
Mar17 Sep17 Mar18
Inventory Turnover 0.00 4.34 2.38

CMM Infraprojects Inventory Turnover Calculation

CMM Infraprojects's Inventory Turnover for the fiscal year that ended in Mar. 2018 is calculated as

Inventory Turnover (A: Mar. 2018 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2018 ) / ((Total Inventories (A: Mar. 2017 ) + Total Inventories (A: Mar. 2018 )) / count )
=2023.707 / ((247.925 + 366.075) / 2 )
=2023.707 / 307
=6.59

CMM Infraprojects's Inventory Turnover for the quarter that ended in Mar. 2018 is calculated as

Inventory Turnover (Q: Mar. 2018 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2018 ) / ((Total Inventories (Q: Sep. 2017 ) + Total Inventories (Q: Mar. 2018 )) / count )
=806.781 / ((313.041 + 366.075) / 2 )
=806.781 / 339.558
=2.38

* 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 2.38 mean?
CMM Infraprojects (NSE:CMMIPL) has a Inventory Turnover of 2.38 as of Mar. 2018. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on CMM Infraprojects and its competitors.
Is CMM Infraprojects' Inventory Turnover too high?
CMM Infraprojects' current Inventory Turnover is 2.38.
How does CMM Infraprojects' Inventory Turnover compare to competitors?
CMM Infraprojects' Inventory Turnover of 2.38 can be compared against companies in the Construction 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 Construction company?
A good Inventory Turnover depends on the Construction 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 CMM Infraprojects and its competitors. CMM Infraprojects's current Inventory Turnover is 2.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMM Infraprojects stock overvalued right now?
CMM Infraprojects (NSE:CMMIPL) has a current Inventory Turnover of 2.38. The current Inventory Turnover is 2.38. 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 CMM Infraprojects (NSE:CMMIPL), the current Inventory Turnover is 2.38 as of Mar. 2018. 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.

CMM Infraprojects Business Description

Address 108, Shalimar Corporate Centre, 8-B South Tukoganj, Indore, MP, IND, 452001
CMM Infraprojects Ltd is engaged in civil engineering activities. It is an engineering and construction contractor in the fields of constructing public housing, commercial complexes, public parks, corporate & IT offices, sewerage & irrigation projects and highways. It has construction projects across the nation.