Johnson Controls - Hitachi Air Conditioning India (NSE:JCHAC) Inventory Turnover : 0.81 (As of Mar. 2024)

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What is Johnson Controls - Hitachi Air Conditioning India 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. Johnson Controls - Hitachi Air Conditioning India's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹5,300 Mil. Johnson Controls - Hitachi Air Conditioning India's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹6,561 Mil. Johnson Controls - Hitachi Air Conditioning India's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Johnson Controls - Hitachi Air Conditioning India's Days Inventory for the three months ended in Mar. 2024 was 112.95.

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. Johnson Controls - Hitachi Air Conditioning India's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.85.

Johnson Controls - Hitachi Air Conditioning India Inventory Turnover Historical Data

The historical data trend for Johnson Controls - Hitachi Air Conditioning India'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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Johnson Controls - Hitachi Air Conditioning India Inventory Turnover Chart

Johnson Controls - Hitachi Air Conditioning India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.25

1.48

1.97

2.12

1.77

Johnson Controls - Hitachi Air Conditioning India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.43	0.48	0.44	0.42	0.81

Johnson Controls - Hitachi Air Conditioning India Inventory Turnover Calculation

Johnson Controls - Hitachi Air Conditioning India'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 )
=	13486.4	/ (	(8685.5	+	6560.5)	/	2 )
=	13486.4	/	7623
=	1.77

Johnson Controls - Hitachi Air Conditioning India'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: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	5300.3	/ (	(0	+	6560.5)	/	1 )
=	5300.3	/	6560.5
=	0.81

Johnson Controls - Hitachi Air Conditioning India (NSE:JCHAC) 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.

Johnson Controls - Hitachi Air Conditioning India's Days Inventory for the three 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
	=	6560.5	/	5300.3	*	365 / 4
	=	112.95

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.

Johnson Controls - Hitachi Air Conditioning India'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 )
	=	6560.5	/	7718.1
	=	0.85

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.

Johnson Controls - Hitachi Air Conditioning India Inventory Turnover Related Terms

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Johnson Controls - Hitachi Air Conditioning India (NSE:JCHAC) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Johnson Controls - Hitachi Air Conditioning India Ltd (NSE:JCHAC) » Definitions » Inventory Turnover

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Traded in Other Exchanges

523398:India

Address

Hitachi Complex, Karan Nagar Kadi District, Mehsana, GJ, IND, 384 440

Website

https://www.hitachiaircon.in

Johnson Controls - Hitachi Air Conditioning India Ltd is a manufacturer and trader of home appliances. The company is headquartered in India and generates the majority of revenue domestically. The company produces air conditioners, refrigerators, air purifiers, washing machines, chillers, telecom cooling units, variable refrigerant flow systems, and centrifugal chillers. The company has a network of showrooms and service centres across India, which include dealers and franchisees, in addition to a sales network.

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