Eon Electric (NSE:EON) Inventory Turnover: 0.24 (As of Dec. 2019)

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NSE:EON Eon Electric Ltd NSE:EON
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What is Eon Electric Inventory Turnover?

Eon Electric NSE:EON 4 Inventory Turnover is 0.24 as of Dec. 2019. GuruFocus rates NSE:EON with a GF Score™ of 4/100.

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. Eon Electric's Cost of Goods Sold for the three months ended in Dec. 2019 was ₹84.9 Mil. Eon Electric's Average Total Inventories for the quarter that ended in Dec. 2019 was ₹360.7 Mil. Eon Electric's Inventory Turnover for the quarter that ended in Dec. 2019 was 0.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eon Electric's Days Inventory for the three months ended in Dec. 2019 was 387.82.

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. Eon Electric's Inventory-to-Revenue for the quarter that ended in Dec. 2019 was 19.26.

Eon Electric  (NSE:EON) 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.

Eon Electric's Days Inventory for the three months ended in Dec. 2019 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2019 )/Cost of Goods Sold (Q: Dec. 2019 )*Days in Period
=360.722/84.874*365 / 4
=387.82

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.

Eon Electric's Inventory to Revenue for the quarter that ended in Dec. 2019 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2019 ) / Revenue (Q: Dec. 2019 )
=360.722 / 18.733
=19.26

* 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.

Eon Electric Inventory Turnover Related Terms

Eon Electric Inventory Turnover Historical Data

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The historical data trend for Eon Electric'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.

Eon Electric Inventory Turnover Chart

Eon Electric Annual Data
Trend Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.16 3.51 3.59 2.74 1.52

Eon Electric Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Mar17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.41 0.11 0.14 0.24
NSE:EON
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Eon Electric Ltd NSE:EON
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Eon Electric Inventory Turnover Calculation

Eon Electric's Inventory Turnover for the fiscal year that ended in Mar. 2019 is calculated as

Inventory Turnover (A: Mar. 2019 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2019 ) / ((Total Inventories (A: Mar. 2018 ) + Total Inventories (A: Mar. 2019 )) / count )
=656.33 / ((420.87 + 443.491) / 2 )
=656.33 / 432.1805
=1.52

Eon Electric's Inventory Turnover for the quarter that ended in Dec. 2019 is calculated as

Inventory Turnover (Q: Dec. 2019 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2019 ) / ((Total Inventories (Q: Sep. 2019 ) + Total Inventories (Q: Dec. 2019 )) / count )
=84.874 / ((360.722 + 0) / 1 )
=84.874 / 360.722
=0.24

* 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 0.24 mean?
Eon Electric (NSE:EON) has a Inventory Turnover of 0.24 as of Dec. 2019. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Eon Electric and its competitors.
Is Eon Electric's Inventory Turnover too high?
Eon Electric's current Inventory Turnover is 0.24. Overall, Eon Electric has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Eon Electric's Inventory Turnover compare to HON and MMM?
Eon Electric's Inventory Turnover of 0.24 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Inventory Turnover depends on the Industrial Products 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 Eon Electric and its competitors. Eon Electric's current Inventory Turnover is 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eon Electric stock overvalued right now?
Eon Electric (NSE:EON) has a current Inventory Turnover of 0.24. The current Inventory Turnover is 0.24. Eon Electric's overall GF Score™ is 4/100. 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 Eon Electric (NSE:EON), the current Inventory Turnover is 0.24 as of Dec. 2019. 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.

Eon Electric Business Description

Address Hosiery Complex, C-81, 2nd Floor, Phase 2, Noida, UP, IND, 201305
Eon Electric Ltd manufactures electrical switchgear, lighting equipment, and cables. It engages in the manufacturing and marketing of wires and cables, lighting products and LED Lights. It operates its business through the following segments: Cable and Wires, Lighting, Electrical Consumer Durables, and Others. The Cable and Wires segment includes wires and cables. The Lighting segment includes compact fluorescent lamps, fluorescent tube lights, and luminaires etc. The Electrical Consumer Durables segment includes Fans, Water Heaters etc. The Others segment includes modular switches, wiring accessories, home automation, fans, lithium-ion batteries, mobile phone accessories. Its Lighting segment acts as a core revenue driver for the firm.
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