Macpower CNC Machines (NSE:MACPOWER) Inventory Turnover : 0.51 (As of Mar. 2024)

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What is Macpower CNC Machines 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. Macpower CNC Machines's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹466 Mil. Macpower CNC Machines's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹905 Mil. Macpower CNC Machines's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Macpower CNC Machines's Days Inventory for the three months ended in Mar. 2024 was 177.19.

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. Macpower CNC Machines's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.27.

Macpower CNC Machines Inventory Turnover Historical Data

The historical data trend for Macpower CNC Machines'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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Macpower CNC Machines Inventory Turnover Chart

Macpower CNC Machines Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.25

1.56

2.07

1.92

2.02

Macpower CNC Machines Quarterly Data
	Sep18	Mar19	Sep19	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															0.54	0.40	0.54	0.56	0.51

Macpower CNC Machines Inventory Turnover Calculation

Macpower CNC Machines'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 )
=	1629.4	/ (	(710.1	+	904.5)	/	2 )
=	1629.4	/	807.3
=	2.02

Macpower CNC Machines'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 )
=	465.8	/ (	(0	+	904.5)	/	1 )
=	465.8	/	904.5
=	0.51

Macpower CNC Machines (NSE:MACPOWER) 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.

Macpower CNC Machines'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
	=	904.5	/	465.8	*	365 / 4
	=	177.19

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.

Macpower CNC Machines'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 )
	=	904.5	/	713.4
	=	1.27

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.

Macpower CNC Machines Inventory Turnover Related Terms

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Macpower CNC Machines (NSE:MACPOWER) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Macpower CNC Machines Ltd (NSE:MACPOWER) » Definitions » Inventory Turnover

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Address

Near Krnati Gate, Plot No. 2234, GIDC Metoda, Talu-Lodhika District, Rajkot, GJ, IND, 360021

Website

https://www.macpowercnc.com

Macpower CNC Machines Ltd is engaged in the manufacture of Computer numerical control (CNC) Turning Centers; Vertical Machining Centers, Horizontal Machining Centers, Cylindrical Grinder, Vertical Turret Lathe, Turn Mill Centers, Drill Tap Center, Twin Spindle VMC, and Multi-Tasking 5-axis along with sub-spindle. It also offers Robotic Automation integrated with CNC machines to cope with the demand for technology-driven machining excellence.

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