Pattech Fitwell Tube Components (NSE:PATTECH) Inventory Turnover : 4.97 (As of Sep. 2023)

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What is Pattech Fitwell Tube Components 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. Pattech Fitwell Tube Components's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹168.1 Mil. Pattech Fitwell Tube Components's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹33.8 Mil. Pattech Fitwell Tube Components's Inventory Turnover for the quarter that ended in Sep. 2023 was 4.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pattech Fitwell Tube Components's Days Inventory for the six months ended in Sep. 2023 was 36.71.

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. Pattech Fitwell Tube Components's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.18.

Pattech Fitwell Tube Components Inventory Turnover Historical Data

The historical data trend for Pattech Fitwell Tube Components'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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Pattech Fitwell Tube Components Inventory Turnover Chart

Pattech Fitwell Tube Components Annual Data

Trend

Mar20

Mar21

Mar22

Inventory Turnover

92.46

35.22

11.54

Pattech Fitwell Tube Components Semi-Annual Data
	Mar20	Mar21	Mar22	Sep23
Inventory Turnover	-	-	-	4.97

Pattech Fitwell Tube Components Inventory Turnover Calculation

Pattech Fitwell Tube Components's Inventory Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Inventory Turnover (A: Mar. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2022 )	/ (	(Total Inventories (A: Mar. 2021 )	+	Total Inventories (A: Mar. 2022 ))	/	count )
=	191.531	/ (	(7.468	+	25.714)	/	2 )
=	191.531	/	16.591
=	11.54

Pattech Fitwell Tube Components'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. 2022 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	168.087	/ (	(25.714	+	41.911)	/	2 )
=	168.087	/	33.8125
=	4.97

Pattech Fitwell Tube Components (NSE:PATTECH) 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.

Pattech Fitwell Tube Components'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
	=	33.8125	/	168.087	*	365 / 2
	=	36.71

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.

Pattech Fitwell Tube Components'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 )
	=	33.8125	/	188.74
	=	0.18

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.

Pattech Fitwell Tube Components Inventory Turnover Related Terms

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Pattech Fitwell Tube Components (NSE:PATTECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Pattech Fitwell Tube Components Ltd (NSE:PATTECH) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Survey No.873/B/1 Road No:1 Anson Limbani Estate, Near GETCO 66 KV Substation GIDC POR NH-8, Vadodara, GJ, IND, 391243

Website

https://www.pftcpipefittings.com

Pattech Fitwell Tube Components Ltd is engaged in manufacturing pipe fittings, flanges, and various types of forgings and machined components as well as pipe spools and fabrication works for various industries like fertilizers, petrochemical, power, chemical & pharmaceutical, food processing, oil & gas, desalination & water treatment, shipbuilding, defense, fabrication of process equipment, instrumentation.

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