Onward Technologies (NSE:ONWARDTEC) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is Onward 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. Onward Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹877 Mil. Onward Technologies's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Onward Technologies's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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. Onward Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Onward Technologies Inventory Turnover Historical Data

The historical data trend for Onward 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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Onward Technologies Inventory Turnover Chart

Onward Technologies Annual Data

Trend

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Mar24

Inventory Turnover

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Onward Technologies 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															-	-	-	-	-

Onward Technologies Inventory Turnover Calculation

Onward Technologies'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 )
=	3576.465	/ (	(0	+	0)	/	1 )
=	3576.465	/	0
=	N/A

Onward Technologies'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 )
=	876.762	/ (	(0	+	0)	/	1 )
=	876.762	/	0
=	N/A

Onward Technologies (NSE:ONWARDTEC) 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.

Onward Technologies'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
	=	0	/	876.762	*	365 / 4
	=	0.00

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.

Onward Technologies'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 )
	=	0	/	1184.435
	=	0.00

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.

Onward Technologies Inventory Turnover Related Terms

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Onward Technologies (NSE:ONWARDTEC) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Onward Technologies Ltd (NSE:ONWARDTEC) » Definitions » Inventory Turnover

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517536:India

Address

Dr. Annie Besant Road, Sterling Centre, 2nd Floor, Worli, Mumbai, MH, IND, 400 018

Website

https://www.onwardgroup.com

Onward Technologies Ltd is an Indian company that is engaged in the sale of user license software, professional services, consultancy services, training, and others. Its business activities include product design, simulation engineering, automation solutions, engineering change management, and others. It has one operating segment which is Engineering Design and IT services. The majority of the company's revenue comes from India. It also operates outside India.

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