Emerald Tyre Manufacturers (NSE:ETML) Inventory Turnover: 2.04 (As of Mar. 2025)

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NSE:ETML Emerald Tyre Manufacturers Ltd NSE:ETML
16 GF Score
Price ₹80.85
! 3 Warning Signs
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What is Emerald Tyre Manufacturers Inventory Turnover?

Emerald Tyre Manufacturers NSE:ETML +0.50% 16 Inventory Turnover is 2.04 as of Mar. 2025. GuruFocus rates NSE:ETML with a GF Score™ of 16/100. The stock has 3 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. Emerald Tyre Manufacturers's Cost of Goods Sold for the six months ended in Mar. 2025 was ₹1,275 Mil. Emerald Tyre Manufacturers's Average Total Inventories for the quarter that ended in Mar. 2025 was ₹625 Mil. Emerald Tyre Manufacturers's Inventory Turnover for the quarter that ended in Mar. 2025 was 2.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Emerald Tyre Manufacturers's Days Inventory for the six months ended in Mar. 2025 was 89.52.

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. Emerald Tyre Manufacturers's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.32.

Emerald Tyre Manufacturers  (NSE:ETML) 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.

Emerald Tyre Manufacturers's Days Inventory for the six months ended in Mar. 2025 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2025 )/Cost of Goods Sold (Q: Mar. 2025 )*Days in Period
=625.2495/1274.711*365 / 2
=89.52

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.

Emerald Tyre Manufacturers's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2025 ) / Revenue (Q: Mar. 2025 )
=625.2495 / 1955.749
=0.32

* 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.

Emerald Tyre Manufacturers Inventory Turnover Related Terms

Emerald Tyre Manufacturers Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Emerald Tyre Manufacturers'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.

Emerald Tyre Manufacturers Inventory Turnover Chart

Emerald Tyre Manufacturers Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Inventory Turnover
1.23 1.93 2.08 1.85 2.04

Emerald Tyre Manufacturers Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25
Inventory Turnover 1.23 1.93 2.08 1.85 2.04
NSE:ETML
16GF Score
Emerald Tyre Manufacturers Ltd NSE:ETML
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Emerald Tyre Manufacturers Inventory Turnover Calculation

Emerald Tyre Manufacturers's Inventory Turnover for the fiscal year that ended in Mar. 2025 is calculated as

Inventory Turnover (A: Mar. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2025 ) / ((Total Inventories (A: Mar. 2024 ) + Total Inventories (A: Mar. 2025 )) / count )
=1274.711 / ((583.133 + 667.366) / 2 )
=1274.711 / 625.2495
=2.04

Emerald Tyre Manufacturers's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

Inventory Turnover (Q: Mar. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2025 ) / ((Total Inventories (Q: Mar. 2024 ) + Total Inventories (Q: Mar. 2025 )) / count )
=1274.711 / ((583.133 + 667.366) / 2 )
=1274.711 / 625.2495
=2.04

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 2.04 mean?
Emerald Tyre Manufacturers (NSE:ETML) has a Inventory Turnover of 2.04 as of Mar. 2025. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Emerald Tyre Manufacturers and its competitors.
Is Emerald Tyre Manufacturers' Inventory Turnover too high?
Emerald Tyre Manufacturers' current Inventory Turnover is 2.04. Overall, Emerald Tyre Manufacturers has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Emerald Tyre Manufacturers' Inventory Turnover compare to ORLY and AZO?
Emerald Tyre Manufacturers' Inventory Turnover of 2.04 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 Emerald Tyre Manufacturers and its competitors. Emerald Tyre Manufacturers's current Inventory Turnover is 2.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emerald Tyre Manufacturers stock overvalued right now?
Emerald Tyre Manufacturers (NSE:ETML) has a current Inventory Turnover of 2.04. The current Inventory Turnover is 2.04. Emerald Tyre Manufacturers' overall GF Score™ is 16/100 with 3 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 Emerald Tyre Manufacturers (NSE:ETML), the current Inventory Turnover is 2.04 as of Mar. 2025. 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.

Emerald Tyre Manufacturers Business Description

Address Second Street Porur Gardens, Emerald House, Plot No.2, Phase-I, Vanagaram, Tiruvallur, Poonamallee, TN, IND, 600095
Emerald Tyre Manufacturers Ltd is engaged in the Business of Manufacturing, Supplying and Services for a comprehensive range of tyres for material handling applications, like forklifts, skid loaders, ground support equipment of Airports, Port trailers, agri implements, lawn and garden mowers, mining equipment, aerial work platform trucks, backhoe loaders, etc.
16GF 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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