Innovative Tyres & Tubes (NSE:ITTL) Inventory Turnover: 3.24 (As of Sep. 2025)

What is Innovative Tyres & Tubes Inventory Turnover?

Innovative Tyres & Tubes NSE:ITTL 39 Inventory Turnover is 3.24 as of Sep. 2025. GuruFocus rates NSE:ITTL with a GF Score™ of 39/100 and a GF Value™ of ₹66.51 (Modestly Overvalued). The stock has 6 warning signs investors should review.

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. Innovative Tyres & Tubes's Cost of Goods Sold for the six months ended in Sep. 2025 was ₹259.4 Mil. Innovative Tyres & Tubes's Average Total Inventories for the quarter that ended in Sep. 2025 was ₹80.0 Mil. Innovative Tyres & Tubes's Inventory Turnover for the quarter that ended in Sep. 2025 was 3.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Innovative Tyres & Tubes's Days Inventory for the six months ended in Sep. 2025 was 56.28.

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. Innovative Tyres & Tubes's Inventory-to-Revenue for the quarter that ended in Sep. 2025 was 0.21.

Innovative Tyres & Tubes (NSE:ITTL) 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.

Innovative Tyres & Tubes's Days Inventory for the six months ended in Sep. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2025 )	/	Cost of Goods Sold (Q: Sep. 2025 )	*	Days in Period
	=	79.986	/	259.365	*	365 / 2
	=	56.28

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.

Innovative Tyres & Tubes's Inventory to Revenue for the quarter that ended in Sep. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2025 )	/	Revenue (Q: Sep. 2025 )
	=	79.986	/	380.926
	=	0.21

* 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.

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.

Innovative Tyres & Tubes Inventory Turnover Related Terms

Innovative Tyres & Tubes Inventory Turnover Historical Data

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The historical data trend for Innovative Tyres & Tubes's Inventory Turnover can be seen below:

Innovative Tyres & Tubes Inventory Turnover Chart

Innovative Tyres & Tubes Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Inventory Turnover

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2.60

4.00

2.01

9.36

8.85

Innovative Tyres & Tubes Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25
Inventory Turnover	Get a 7-Day Free Trial															-0.18	7.12	5.82	4.41	3.24

39GF Score

Innovative Tyres & Tubes Ltd NSE:ITTL

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Innovative Tyres & Tubes Inventory Turnover Calculation

Innovative Tyres & Tubes's Inventory Turnover for the fiscal year that ended in Mar. 2025 is calculated as

	Inventory Turnover (A: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2025 )	/ (	(Total Inventories (A: Mar. 2024 )	+	Total Inventories (A: Mar. 2025 ))	/	count )
=	407.62	/ (	(28.897	+	63.187)	/	2 )
=	407.62	/	46.042
=	8.85

Innovative Tyres & Tubes's Inventory Turnover for the quarter that ended in Sep. 2025 is calculated as

	Inventory Turnover (Q: Sep. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2025 )	/ (	(Total Inventories (Q: Mar. 2025 )	+	Total Inventories (Q: Sep. 2025 ))	/	count )
=	259.365	/ (	(63.187	+	96.785)	/	2 )
=	259.365	/	79.986
=	3.24

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 3.24 mean?

Innovative Tyres & Tubes (NSE:ITTL) has a Inventory Turnover of 3.24 as of Sep. 2025. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Innovative Tyres & Tubes and its competitors.

Is Innovative Tyres & Tubes' Inventory Turnover too high?

Innovative Tyres & Tubes' current Inventory Turnover is 3.24. Overall, Innovative Tyres & Tubes has a GF Score™ of 39/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Innovative Tyres & Tubes' Inventory Turnover compare to ORLY and AZO?

Innovative Tyres & Tubes' Inventory Turnover of 3.24 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Vehicles & Parts company?

A good Inventory Turnover depends on the Vehicles & Parts industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Innovative Tyres & Tubes and its competitors. Innovative Tyres & Tubes's current Inventory Turnover is 3.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Innovative Tyres & Tubes stock overvalued right now?

Based on GuruFocus' analysis, Innovative Tyres & Tubes (NSE:ITTL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹66.51, compared to a current price of ₹73.50 — trading 10.5% above its estimated fair value. The current Inventory Turnover is 3.24. Innovative Tyres & Tubes' overall GF Score™ is 39/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Innovative Tyres & Tubes (NSE:ITTL), the current Inventory Turnover is 3.24 as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Innovative Tyres & Tubes (NSE:ITTL) Overvalued in 2026?

Based on GuruFocus' analysis, Innovative Tyres & Tubes stock appears to be overvalued. The current stock price of ₹73.50 is trading 10.5% above its estimated GF Value™ of ₹66.51. GuruFocus considers Innovative Tyres & Tubes to be Modestly Overvalued.

Key valuation signals for NSE:ITTL:

Inventory Turnover: 3.24
GF Value™: ₹66.51 vs. price of ₹73.50 (10.5% above fair value)
GF Score™: 39/100 with 6 warning signs

No single metric tells the full story. See the NSE:ITTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Innovative Tyres & Tubes Business Description

Industry Consumer Cyclical Vehicles & Parts

Comparable Companies NSE:VIAZ BOM:532933 BOM:542459 BOM:539353 BOM:539314 BOM:544767 NSE:SELLOWRAP BOM:530621 NSE:UWCSL NSE:FORGEAUTO ORLY TSE:5802 AZO TSE:6902 XKRX:012330 TSE:5108 XPAR:ML SHSE:600660 XTER:KBX TSX:MG

Address 1201, 1202, 1203 GIDC Halol, Panchmahal, Halol, GJ, IND, 389350

Website http://www.innovativetyres.com

Innovative Tyres & Tubes Ltd is a manufacturer and exporter of Bias Tyres in India, generating the majority of its revenue domestically. The company offers a product portfolio across the Truck/Bus, Agricultural & OTR, and Motorcycle/3-wheeler segments from two nearby manufacturing units. Its product range includes tyres for light motorcycles up to heavy off-the-road mining vehicles. The company serves both domestic and export markets, supplying to over 40 countries and partnering with brands in India. Its product lineup includes mining tyres, agriculture tyres, motorcycle and scooter tyres, three-wheeler and passenger vehicle tyres, light-truck, truck and bus tyres, and special-purpose tyres.

39GF Score

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₹73.50

Price

₹66.51

GF Value

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