Hi-Tech Pipes (NSE:HITECH) Inventory Turnover : 1.52 (As of Sep. 2024)

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What is Hi-Tech Pipes 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. Hi-Tech Pipes's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹6,309 Mil. Hi-Tech Pipes's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹4,157 Mil. Hi-Tech Pipes's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hi-Tech Pipes's Days Inventory for the three months ended in Sep. 2024 was 60.13.

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. Hi-Tech Pipes's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.59.

Hi-Tech Pipes Inventory Turnover Historical Data

The historical data trend for Hi-Tech Pipes'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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Hi-Tech Pipes Inventory Turnover Chart

Hi-Tech Pipes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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6.64

6.59

7.59

7.68

7.54

Hi-Tech Pipes Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															2.80	2.31	1.76	2.28	1.52

Hi-Tech Pipes Inventory Turnover Calculation

Hi-Tech Pipes'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 )
=	24625.165	/ (	(3067.62	+	3466.583)	/	2 )
=	24625.165	/	3267.1015
=	7.54

Hi-Tech Pipes'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: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	6308.745	/ (	(0	+	4156.97)	/	1 )
=	6308.745	/	4156.97
=	1.52

Hi-Tech Pipes (NSE:HITECH) 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.

Hi-Tech Pipes's Days Inventory for the three 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
	=	4156.97	/	6308.745	*	365 / 4
	=	60.13

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.

Hi-Tech Pipes'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 )
	=	4156.97	/	7058.993
	=	0.59

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.

Hi-Tech Pipes Inventory Turnover Related Terms

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Hi-Tech Pipes Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hi-Tech Pipes Ltd (NSE:HITECH) » Definitions » Inventory Turnover

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543411:India

Address

505, Pearls Omaxe Tower, Netaji Subhash Place, Pitampura, New Delhi, IND, 110034

Website

https://www.hitechpipes.in

Hi-Tech Pipes Ltd is engaged in the manufacturing and marketing of a wide range of steel tubes. Its products are used in different industries like Infrastructure including telecom, defense, power distribution, railways, airports, Construction, Agriculture, and others. The company's product includes Black Steel Tubes; Rectangular and Hollow sections; Galvanised Steel Tubes; Metal Beam Highway Crash Barrier; Cold Rolling Coils and Cold Formed Sections.

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