Fedders Electric and Engineering (NSE:FEDDERELEC) Inventory Turnover : 5.92 (As of Jun. 2024)

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What is Fedders Electric and Engineering 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. Fedders Electric and Engineering's Cost of Goods Sold for the three months ended in Jun. 2024 was ₹1,210 Mil. Fedders Electric and Engineering's Average Total Inventories for the quarter that ended in Jun. 2024 was ₹205 Mil. Fedders Electric and Engineering's Inventory Turnover for the quarter that ended in Jun. 2024 was 5.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fedders Electric and Engineering's Days Inventory for the three months ended in Jun. 2024 was 15.42.

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. Fedders Electric and Engineering's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.14.

Fedders Electric and Engineering Inventory Turnover Historical Data

The historical data trend for Fedders Electric and Engineering'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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Fedders Electric and Engineering Inventory Turnover Chart

Fedders Electric and Engineering Annual Data

Trend

Jun15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.66

1.14

4.33

13.10

30.95

Fedders Electric and Engineering Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															8.82	2.53	3.16	6.15	5.92

Fedders Electric and Engineering Inventory Turnover Calculation

Fedders Electric and Engineering'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 )
=	4290.6	/ (	(72.8	+	204.5)	/	2 )
=	4290.6	/	138.65
=	30.95

Fedders Electric and Engineering's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	1209.8	/ (	(204.5	+	0)	/	1 )
=	1209.8	/	204.5
=	5.92

Fedders Electric and Engineering (NSE:FEDDERELEC) 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.

Fedders Electric and Engineering's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	204.5	/	1209.8	*	365 / 4
	=	15.42

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.

Fedders Electric and Engineering's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	204.5	/	1419.7
	=	0.14

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.

Fedders Electric and Engineering Inventory Turnover Related Terms

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Fedders Electric and Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fedders Electric and Engineering Ltd (NSE:FEDDERELEC) » Definitions » Inventory Turnover

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Address

C-4, Noida Phase-II, Gautam Buddh Nagar, Noida, UP, IND, 201305

Website

http://www.fedderselectric.com

Fedders Electric and Engineering Ltd is engaged in the fabrication of steel structures and implementation of high power transmission lines in India and internationally. It operates through three segments: Environmental Control Systems, Steel Structures and Engineering, and Power Transmission and Distribution and Overhead Electrification. The company's products are classified into Transport Products Division and Railways, Defense and Telecom AC Products Division.

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