Schaeffler India (NSE:SCHAEFFLER) Inventory Turnover : 0.88 (As of Mar. 2024)

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What is Schaeffler India 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. Schaeffler India's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹11,640 Mil. Schaeffler India's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹13,156 Mil. Schaeffler India's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Schaeffler India's Days Inventory for the three months ended in Mar. 2024 was 103.13.

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. Schaeffler India's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.70.

Schaeffler India Inventory Turnover Historical Data

The historical data trend for Schaeffler India'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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Schaeffler India Inventory Turnover Chart

Schaeffler India Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.58

3.46

4.10

3.87

3.71

Schaeffler India 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															0.83	0.79	0.82	1.08	0.88

Schaeffler India Inventory Turnover Calculation

Schaeffler India's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	47503.9	/ (	(12433.7	+	13156.1)	/	2 )
=	47503.9	/	12794.9
=	3.71

Schaeffler India'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 )
=	11640.3	/ (	(13156.1	+	0)	/	1 )
=	11640.3	/	13156.1
=	0.88

Schaeffler India (NSE:SCHAEFFLER) 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.

Schaeffler India'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
	=	13156.1	/	11640.3	*	365 / 4
	=	103.13

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.

Schaeffler India'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 )
	=	13156.1	/	18731.3
	=	0.70

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.

Schaeffler India Inventory Turnover Related Terms

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Schaeffler India (NSE:SCHAEFFLER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Schaeffler India Ltd (NSE:SCHAEFFLER) » Definitions » Inventory Turnover

Traded in Other Exchanges

505790:India

Address

Amar Sadanand Tech Park, 15th Floor, Plot No 3, Survey 105/3 104/1,Baner, Baner, Pune, MH, IND, 411045

Website

https://www.schaeffler.co.in

Schaeffler India Ltd is engaged in the manufacturing of rolling bearings spherical plain bearings, plain bearings, and linear products under the product brands INA and FAG. The Company supplies its products to the automotive industry. The Aftermarket business division of the company automotive is responsible for the automotive aftermarket business. Under the LuK, INA and FAG brands, it supplies components for transmissions, engines, and chassis in original equipment manufacturer quality and for all vehicle classes. Comprehensive services for repair shops and automotive distributors round out the product range. It has three segments i.e Industrial, Automotive Technologies, and Automotive Aftermarket.

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