Exide Industries (NSE:EXIDEIND) Inventory Turnover : 0.70 (As of Sep. 2024)

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What is Exide Industries 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. Exide Industries's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹29,741 Mil. Exide Industries's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹42,287 Mil. Exide Industries's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Exide Industries's Days Inventory for the three months ended in Sep. 2024 was 129.74.

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. Exide Industries's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.95.

Exide Industries Inventory Turnover Historical Data

The historical data trend for Exide Industries'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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Exide Industries Inventory Turnover Chart

Exide Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.92

2.69

3.21

3.35

3.17

Exide Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.94	0.84	0.76	0.78	0.70

Exide Industries Inventory Turnover Calculation

Exide Industries'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 )
=	115797.7	/ (	(34364	+	38685.3)	/	2 )
=	115797.7	/	36524.65
=	3.17

Exide Industries's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	29741.1	/ (	(0	+	42286.5)	/	1 )
=	29741.1	/	42286.5
=	0.70

Exide Industries (NSE:EXIDEIND) 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.

Exide Industries's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	42286.5	/	29741.1	*	365 / 4
	=	129.74

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.

Exide Industries's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	42286.5	/	44500
	=	0.95

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.

Exide Industries Inventory Turnover Related Terms

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Exide Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Exide Industries Ltd (NSE:EXIDEIND) » Definitions » Inventory Turnover

Traded in Other Exchanges

500086:India

Address

59E, Chowringhee Road, Exide House, Kolkata, WB, IND, 700 020

Website

https://www.exideindustries.com

Exide Industries Ltd is an Indian manufacturer of batteries sold under the Exide brand. The company is an original equipment and aftermarket parts supplier of batteries for automotive companies. Exide Industries also provides batteries to the power, telecommunications, infrastructure, computer, railways, mining, and defense sectors. The company's product offerings include different kinds of storage batteries such as Automotive batteries, Inverter batteries, Industrial batteries, Home UPS systems, and others. It operates in a single segment namely, Storage batteries & allied products. The majority of the company's revenue is generated in India.

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