Network People Services Technologies (NSE:NPST) Inventory Turnover : 17.04 (As of Sep. 2023)

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What is Network People Services Technologies 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. Network People Services Technologies's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹324.5 Mil. Network People Services Technologies's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹19.0 Mil. Network People Services Technologies's Inventory Turnover for the quarter that ended in Sep. 2023 was 17.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Network People Services Technologies's Days Inventory for the six months ended in Sep. 2023 was 10.71.

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. Network People Services Technologies's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.04.

Network People Services Technologies Inventory Turnover Historical Data

The historical data trend for Network People Services Technologies'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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Network People Services Technologies Inventory Turnover Chart

Network People Services Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

18.12

22.78

23.54

7.85

8.17

Network People Services Technologies Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial				6.66	3.61	1.62	4.94	17.04

Network People Services Technologies Inventory Turnover Calculation

Network People Services Technologies's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	233.545	/ (	(27.345	+	29.858)	/	2 )
=	233.545	/	28.6015
=	8.17

Network People Services Technologies's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	324.526	/ (	(29.858	+	8.232)	/	2 )
=	324.526	/	19.045
=	17.04

Network People Services Technologies (NSE:NPST) 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.

Network People Services Technologies's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	19.045	/	324.526	*	365 / 2
	=	10.71

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.

Network People Services Technologies's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	19.045	/	524.389
	=	0.04

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.

Network People Services Technologies Inventory Turnover Related Terms

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Network People Services Technologies (NSE:NPST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Network People Services Technologies Ltd (NSE:NPST) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road No. 22, 306, 3rd Floor, Lodha Supremus II, Wagle Industrial Estate, Thane (West), Mumbai, MH, IND, 400604

Website

https://www.npstx.com

Network People Services Technologies Ltd is a banking technology service provider that offers software and mobility solutions to the banking and finance sector. It offers digital transformation solutions such as IMPS, Digital Wallet, UPI, and other smart art solutions. The company further offers software designing, consulting, development, and manpower provisioning services.

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