Emkay Taps and Cutting Tools (NSE:EMKAYTOOLS) Inventory Turnover : 1.12 (As of Mar. 2023)

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What is Emkay Taps and Cutting Tools 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. Emkay Taps and Cutting Tools's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹180.2 Mil. Emkay Taps and Cutting Tools's Average Total Inventories for the quarter that ended in Mar. 2023 was ₹160.5 Mil. Emkay Taps and Cutting Tools's Inventory Turnover for the quarter that ended in Mar. 2023 was 1.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Emkay Taps and Cutting Tools's Days Inventory for the six months ended in Mar. 2023 was 162.61.

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. Emkay Taps and Cutting Tools's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.37.

Emkay Taps and Cutting Tools Inventory Turnover Historical Data

The historical data trend for Emkay Taps and Cutting Tools'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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Emkay Taps and Cutting Tools Inventory Turnover Chart

Emkay Taps and Cutting Tools Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.41

2.39

3.20

2.34

2.40

Emkay Taps and Cutting Tools Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Mar24
Inventory Turnover	Get a 7-Day Free Trial													1.86	1.64	1.11	1.12	-

Emkay Taps and Cutting Tools Inventory Turnover Calculation

Emkay Taps and Cutting Tools'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 )
=	401.899	/ (	(170.599	+	163.676)	/	2 )
=	401.899	/	167.1375
=	2.40

Emkay Taps and Cutting Tools's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	180.168	/ (	(150.469	+	170.599)	/	2 )
=	180.168	/	160.534
=	1.12

Emkay Taps and Cutting Tools (NSE:EMKAYTOOLS) 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.

Emkay Taps and Cutting Tools's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	160.534	/	180.168	*	365 / 2
	=	162.61

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.

Emkay Taps and Cutting Tools's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	160.534	/	436.054
	=	0.37

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.

Emkay Taps and Cutting Tools Inventory Turnover Related Terms

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Emkay Taps and Cutting Tools Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Emkay Taps and Cutting Tools Ltd (NSE:EMKAYTOOLS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. B-27 and B-27/1, MIDC Hingna, Industrial Estate, Nagpur, MH, IND, 440016

Website

https://www.etctl.com

Emkay Taps and Cutting Tools Ltd is engaged in the manufacturing and sale of taps and cutting tools. The company's operating segment includes the Manufacturing of Taps and Cutting Tools, the Production of Power through Windmills, and others. It generates maximum revenue from the Tools segment.

Emkay Taps and Cutting Tools Headlines

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