India Motor Parts & Accessories (NSE:IMPAL) Inventory Turnover : 2.08 (As of Sep. 2024)

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What is India Motor Parts & Accessories 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. India Motor Parts & Accessories's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹1,595 Mil. India Motor Parts & Accessories's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹765 Mil. India Motor Parts & Accessories's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. India Motor Parts & Accessories's Days Inventory for the three months ended in Sep. 2024 was 43.77.

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. India Motor Parts & Accessories's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.40.

India Motor Parts & Accessories Inventory Turnover Historical Data

The historical data trend for India Motor Parts & Accessories'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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India Motor Parts & Accessories Inventory Turnover Chart

India Motor Parts & Accessories Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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7.59

7.77

8.94

8.00

7.82

India Motor Parts & Accessories 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															1.89	1.95	1.91	2.15	2.08

India Motor Parts & Accessories Inventory Turnover Calculation

India Motor Parts & Accessories'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 )
=	6236.5	/ (	(816.9	+	777.1)	/	2 )
=	6236.5	/	797
=	7.82

India Motor Parts & Accessories'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 )
=	1595.2	/ (	(0	+	765.2)	/	1 )
=	1595.2	/	765.2
=	2.08

India Motor Parts & Accessories (NSE:IMPAL) 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.

India Motor Parts & Accessories'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
	=	765.2	/	1595.2	*	365 / 4
	=	43.77

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.

India Motor Parts & Accessories'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 )
	=	765.2	/	1904
	=	0.40

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.

India Motor Parts & Accessories Inventory Turnover Related Terms

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India Motor Parts & Accessories Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » India Motor Parts & Accessories Ltd (NSE:IMPAL) » Definitions » Inventory Turnover

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590065:India

Address

No. 46, Whites Road, Sundaram Towers, III Floor, SF Building, Royapettah, Chennai, TN, IND, 600 014

Website

http://www.impal.net

India Motor Parts & Accessories Ltd engages in the manufacture and distribution of automotive spares parts and accessories. The Company operates only in one business segment. Viz Sale and Distribution of Automotive Spares. Its product includes Oil seals, Gaskets, Hydraulic Brake Parts and Brake Fluid, Clutch Cover, Car fuel system components, Fuel injection parts, Auto cables, Radiators, Brake drums, Axles Shafts, Auto Electrical Components, Valves and Valve Guides, Automotive Bearings, and others.

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