Hvax Technologies (NSE:HVAX) Inventory Turnover : 3.37 (As of Mar. 2024)

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What is Hvax Technologies 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. Hvax Technologies's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹675 Mil. Hvax Technologies's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹201 Mil. Hvax Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hvax Technologies's Days Inventory for the six months ended in Mar. 2024 was 54.21.

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. Hvax Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.19.

Hvax Technologies Inventory Turnover Historical Data

The historical data trend for Hvax Technologies'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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Hvax Technologies Inventory Turnover Chart

Hvax Technologies Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

15.51

4.74

3.67

3.37

Hvax Technologies Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Inventory Turnover	15.51	4.74	3.67	3.37

Hvax Technologies Inventory Turnover Calculation

Hvax Technologies'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 )
=	675.3	/ (	(200.264	+	200.935)	/	2 )
=	675.3	/	200.5995
=	3.37

Hvax Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	675.3	/ (	(200.264	+	200.935)	/	2 )
=	675.3	/	200.5995
=	3.37

Hvax Technologies (NSE:HVAX) 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.

Hvax Technologies's Days Inventory for the six months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	200.5995	/	675.3	*	365 / 2
	=	54.21

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.

Hvax Technologies's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	200.5995	/	1049.603
	=	0.19

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.

Hvax Technologies Inventory Turnover Related Terms

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Hvax Technologies Business Description

Industry

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Traded in Other Exchanges

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Address

I-Think Techno Campus, 601, 6th Floor, Lodha Supremus, Kanjurmarg (East), Mumbai, MH, IND, 400042

Website

https://www.hvax.in

Hvax Technologies Ltd is engaged in the business of turnkey projects on engineering, procurement, and execution of controlled environment infrastructure and cleanrooms; design, engineering, and consultancy services for pharma and healthcare companies. As a part of turnkey projects, the company supplies the following third-party manufactured products: Cleanroom wall panels, Cleanroom ceiling panels, Covings, riser panels, cleanroom doors, flooring systems, pass boxes, air showers, LT/HT electrical panels, pre-fabricated galvanized iron (GI) ducts, air handling units, chillers, Building Management Systems (BMS) Equipment, and Utility generation and distribution equipment.

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