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GNA Axles (NSE:GNA) Inventory Turnover : 1.11 (As of Dec. 2024)


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What is GNA Axles 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. GNA Axles's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹2,430 Mil. GNA Axles's Average Total Inventories for the quarter that ended in Dec. 2024 was ₹2,199 Mil. GNA Axles's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GNA Axles's Days Inventory for the three months ended in Dec. 2024 was 82.56.

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. GNA Axles's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.59.


GNA Axles Inventory Turnover Historical Data

The historical data trend for GNA Axles'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.

* Premium members only.

GNA Axles Inventory Turnover Chart

GNA Axles Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.34 4.18 5.36 6.16 5.84

GNA Axles Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 1.07 1.93 1.35 1.15 1.11

GNA Axles Inventory Turnover Calculation

GNA Axles'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 )
=11263.393 / ((1882.488 + 1976.016) / 2 )
=11263.393 / 1929.252
=5.84

GNA Axles's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover (Q: Dec. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2024 ) / ((Total Inventories (Q: Sep. 2024 ) + Total Inventories (Q: Dec. 2024 )) / count )
=2430.478 / ((2198.939 + 0) / 1 )
=2430.478 / 2198.939
=1.11

* 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.


GNA Axles  (NSE:GNA) 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.

GNA Axles's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2024 )/Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=2198.939/2430.478*365 / 4
=82.56

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.

GNA Axles's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2024 ) / Revenue (Q: Dec. 2024 )
=2198.939 / 3750.664
=0.59

* 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.


GNA Axles Inventory Turnover Related Terms

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GNA Axles Business Description

Traded in Other Exchanges
Address
Phagwara - Hoshiarpur Road, VPO Mehtiana, District Hoshiarpur, Hoshiarpur, PB, IND, 146001
GNA Axles Ltd is engaged in manufacturing automobile components. The product portfolio includes Rear axle shafts, Spindles, and Drive Shafts, of which rear axle shafts contribute majorly to the company's revenue. The product segments of the group are Off-Highway and Commercial Vehicles. The company operates in India and also exports its products to other countries.

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