HEC Infra Projects (NSE:HECPROJECT) Inventory Turnover : 0.35 (As of Sep. 2023)

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What is HEC Infra Projects 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. HEC Infra Projects's Cost of Goods Sold for the three months ended in Sep. 2023 was ₹50.5 Mil. HEC Infra Projects's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹143.7 Mil. HEC Infra Projects's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HEC Infra Projects's Days Inventory for the three months ended in Sep. 2023 was 259.83.

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. HEC Infra Projects's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.94.

HEC Infra Projects Inventory Turnover Historical Data

The historical data trend for HEC Infra Projects'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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HEC Infra Projects Inventory Turnover Chart

HEC Infra Projects Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.53

1.54

1.62

1.49

2.76

HEC Infra Projects Quarterly Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Sep21	Dec21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.59	0.36	-	0.35	-

HEC Infra Projects Inventory Turnover Calculation

HEC Infra Projects'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 )
=	357.227	/ (	(157.919	+	101.02)	/	2 )
=	357.227	/	129.4695
=	2.76

HEC Infra Projects's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	50.458	/ (	(157.919	+	129.434)	/	2 )
=	50.458	/	143.6765
=	0.35

HEC Infra Projects (NSE:HECPROJECT) 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.

HEC Infra Projects's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	143.6765	/	50.458	*	365 / 4
	=	259.83

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.

HEC Infra Projects's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	143.6765	/	152.68
	=	0.94

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.

HEC Infra Projects Inventory Turnover Related Terms

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HEC Infra Projects Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » HEC Infra Projects Ltd (NSE:HECPROJECT) » Definitions » Inventory Turnover

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Address

Sindhu Bhavan Road, Sigma 1 Corporate, Corporate House No. 6, Near Mahan Party Plot Cross Road, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.hecprojects.in

HEC Infra Projects Ltd is an Engineering, Procurement and Construction Company Contractor in the Electro-Mechanical and Instrumentation Projects. The company services include switchyards; overhead transmission; substations, underground cable lying; Industrial and commercial electrification, battery energy storage system and mini / micro grid Solar projects water pumping stations; solar park; rooftop solar; indoor and outdoor lighting; security; fire alarm systems and others. It serves Steel, Chemical, Cement, Refineries, Petrochemicals, Gas and Oil Sector, Textile, Pharmaceuticals, Power-generation plants, Ports, Banks, Malls, Call Centers, Software Park; and other industries. It is engaged in the EPC Electro-Mechanical Project Business which is their only segment.

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