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Electro Force (India) (NSE:EFORCE) Inventory Turnover : 1.04 (As of Mar. 2024)


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What is Electro Force (India) 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. Electro Force (India)'s Cost of Goods Sold for the six months ended in Mar. 2024 was ₹107.5 Mil. Electro Force (India)'s Average Total Inventories for the quarter that ended in Mar. 2024 was ₹103.8 Mil. Electro Force (India)'s Inventory Turnover for the quarter that ended in Mar. 2024 was 1.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Electro Force (India)'s Days Inventory for the six months ended in Mar. 2024 was 176.27.

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. Electro Force (India)'s Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.78.

Electro Force (India) Inventory Turnover Historical Data

The historical data trend for Electro Force (India)'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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Electro Force (India) Inventory Turnover Chart

Electro Force (India) Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Inventory Turnover
7.52 10.34 2.12 1.98

Electro Force (India) Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24
Inventory Turnover - - - 0.98 1.04

Electro Force (India) Inventory Turnover Calculation

Electro Force (India)'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 )
=222.932 / ((127.022 + 98.235) / 2 )
=222.932 / 112.6285
=1.98

Electro Force (India)'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: Sep. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count )
=107.458 / ((109.345 + 98.235) / 2 )
=107.458 / 103.79
=1.04

* 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.

Electro Force (India)  (NSE:EFORCE) 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.

Electro Force (India)'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
=103.79/107.458*365 / 2
=176.27

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.

Electro Force (India)'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 )
=103.79 / 133.325
=0.78

* 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.

Electro Force (India) Inventory Turnover Related Terms

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Electro Force (India) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Electro Force (India) Ltd (NSE:EFORCE) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
39/5, Mauje Waliv Vasai (East), Taluka - Vasai East, District - Palghar, Thane, MH, IND, 401 208
Website
https://www.electroforceindia.com
Electro Force (India) Ltd is engaged in the design and manufacturing of precision sheet metal components, plastic injection moldings, and related assemblies. It includes product designing, prototyping, and process development for precision sheet metal components & plastic products & assemblies for the electrical & switchgear industry.

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