Gp Eco Solutions India (NSE:GPECO) Inventory Turnover : 10.85 (As of Mar. 2023)

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What is Gp Eco Solutions India 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. Gp Eco Solutions India's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹929 Mil. Gp Eco Solutions India's Average Total Inventories for the quarter that ended in Mar. 2023 was ₹86 Mil. Gp Eco Solutions India's Inventory Turnover for the quarter that ended in Mar. 2023 was 10.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gp Eco Solutions India's Days Inventory for the six months ended in Mar. 2023 was 16.82.

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. Gp Eco Solutions India's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.08.

Gp Eco Solutions India Inventory Turnover Historical Data

The historical data trend for Gp Eco Solutions India'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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Gp Eco Solutions India Inventory Turnover Chart

Gp Eco Solutions India Annual Data

Trend

Mar21

Mar22

Mar23

Inventory Turnover

16.21

20.81

10.85

Gp Eco Solutions India Semi-Annual Data
	Mar21	Mar22	Mar23
Inventory Turnover	16.21	20.81	10.85

Gp Eco Solutions India Inventory Turnover Calculation

Gp Eco Solutions India's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	928.517	/ (	(43.524	+	127.639)	/	2 )
=	928.517	/	85.5815
=	10.85

Gp Eco Solutions India's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	928.517	/ (	(43.524	+	127.639)	/	2 )
=	928.517	/	85.5815
=	10.85

Gp Eco Solutions India (NSE:GPECO) 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.

Gp Eco Solutions India's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	85.5815	/	928.517	*	365 / 2
	=	16.82

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.

Gp Eco Solutions India's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	85.5815	/	1012.124
	=	0.08

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.

Gp Eco Solutions India Inventory Turnover Related Terms

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Gp Eco Solutions India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Gp Eco Solutions India Ltd (NSE:GPECO) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

B-39, Sector-59, B Block, Noida, UP, IND, 201301

Website

https://www.gpecosolutions.com

Gp Eco Solutions India Ltd is a Company involved in the distribution of a wide range of solar inverters and solar panels. It serve as an integrated solar energy solutions provider, delivering comprehensive engineering, procurement, and construction (EPC) services to the commercial and residential customers. The company is engaged in one segment of installation and operation of solar power project.

Gp Eco Solutions India Headlines

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