Munjal Auto Industries (NSE:MUNJALAU) Inventory Turnover : 1.62 (As of Dec. 2024)

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What is Munjal Auto Industries 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. Munjal Auto Industries's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹3,748 Mil. Munjal Auto Industries's Average Total Inventories for the quarter that ended in Dec. 2024 was ₹2,321 Mil. Munjal Auto Industries's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Munjal Auto Industries's Days Inventory for the three months ended in Dec. 2024 was 56.49.

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. Munjal Auto Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.44.

Munjal Auto Industries Inventory Turnover Historical Data

The historical data trend for Munjal Auto Industries'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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Munjal Auto Industries Inventory Turnover Chart

Munjal Auto Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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11.91

21.30

16.76

9.94

6.77

Munjal Auto Industries Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															1.32	1.65	1.72	1.55	1.62

Munjal Auto Industries Inventory Turnover Calculation

Munjal Auto Industries'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 )
=	14112.548	/ (	(2082.396	+	2088.067)	/	2 )
=	14112.548	/	2085.2315
=	6.77

Munjal Auto Industries's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	3748.364	/ (	(2320.542	+	0)	/	1 )
=	3748.364	/	2320.542
=	1.62

Munjal Auto Industries (NSE:MUNJALAU) 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.

Munjal Auto Industries's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	2320.542	/	3748.364	*	365 / 4
	=	56.49

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.

Munjal Auto Industries's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	2320.542	/	5220.893
	=	0.44

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.

Munjal Auto Industries Inventory Turnover Related Terms

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Munjal Auto Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Munjal Auto Industries Ltd (NSE:MUNJALAU) » Definitions » Inventory Turnover

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520059:India

Address

Unitech Business Zone, 2nd Floor, Tower C, Nirvana Country, South City - 2, Sector - 50, Gurugram, HR, IND, 122018

Website

https://www.munjalauto.com

Munjal Auto Industries Ltd is an India-based company. It offers an exhaust system or mufflers for two-wheelers. The company is engaged in the manufacture of wheels, rims, fuel tanks, and other components for auto industries. Its product range for 2-3 wheelers includes Steel Wheel Rim and Spoke Wheel Rim. Its product range for four-wheelers includes fuel tank assembly, seat structure system, side step assembly, and other products. Some of the company's facilities offered by the company include an engineering and tool room, which includes a central tool room and technical center, a tool design center and tool manufacturing, and a fuel tank manufacturing line. Its operations fall under a single segment namely Manufacturing of Auto Components.

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