Gala Precision Engineering (NSE:GALAPREC) Inventory Turnover : 0.64 (As of Sep. 2024)

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What is Gala Precision 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. Gala Precision Engineering's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹410 Mil. Gala Precision Engineering's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹637 Mil. Gala Precision Engineering's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gala Precision Engineering's Days Inventory for the six months ended in Sep. 2024 was 283.63.

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. Gala Precision Engineering's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.61.

Gala Precision Engineering Inventory Turnover Historical Data

The historical data trend for Gala Precision 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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Gala Precision Engineering Inventory Turnover Chart

Gala Precision Engineering Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

1.15

1.48

1.42

1.64

Gala Precision Engineering Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial			-	-	0.73	0.93	0.64

Gala Precision Engineering Inventory Turnover Calculation

Gala Precision 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 )
=	927.9	/ (	(557.57	+	576.5)	/	2 )
=	927.9	/	567.035
=	1.64

Gala Precision Engineering'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: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	410.1	/ (	(576.5	+	698.2)	/	2 )
=	410.1	/	637.35
=	0.64

Gala Precision Engineering (NSE:GALAPREC) 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.

Gala Precision Engineering's Days Inventory for the six 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
	=	637.35	/	410.1	*	365 / 2
	=	283.63

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.

Gala Precision Engineering'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 )
	=	637.35	/	1044
	=	0.61

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.

Gala Precision Engineering Inventory Turnover Related Terms

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Gala Precision Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gala Precision Engineering Ltd (NSE:GALAPREC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

544244:India

Address

Ghodbunder Road Majiwade, A-801, 8th Floor, Thane One DIL Complex, Thane West, Thane, MH, IND, 400610

Website

https://www.galagroup.com

Gala Precision Engineering Ltd is a precision component manufacturer of technical springs like disc & strip springs (DSS) including wedge lock washers; coil & spiral springs (CSS) and special fastening solutions (SFS) supplying to original equipment manufacturers (OEMs), Tier 1 and channel partners; used in sectors like renewable energy including wind turbine and hydropower plants, various industrial sectors such as electrical, off-highway equipments, infrastructure and general engineering, mobility segments such as automotive and railways.

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