Spectrum Electrical Industries (NSE:SPECTRUM) Inventory Turnover : 1.41 (As of Sep. 2024)

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What is Spectrum Electrical 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. Spectrum Electrical Industries's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹1,061 Mil. Spectrum Electrical Industries's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹751 Mil. Spectrum Electrical Industries's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Spectrum Electrical Industries's Days Inventory for the six months ended in Sep. 2024 was 129.07.

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. Spectrum Electrical Industries's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.47.

Spectrum Electrical Industries Inventory Turnover Historical Data

The historical data trend for Spectrum Electrical 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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Spectrum Electrical Industries Inventory Turnover Chart

Spectrum Electrical Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.44

2.09

2.96

2.63

3.48

Spectrum Electrical Industries Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial													1.26	1.30	1.25	2.11	1.41

Spectrum Electrical Industries Inventory Turnover Calculation

Spectrum Electrical 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 )
=	2334.985	/ (	(697.413	+	645.398)	/	2 )
=	2334.985	/	671.4055
=	3.48

Spectrum Electrical Industries's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	1061.482	/ (	(645.398	+	855.994)	/	2 )
=	1061.482	/	750.696
=	1.41

Spectrum Electrical Industries (NSE:SPECTRUM) 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.

Spectrum Electrical Industries's Days Inventory for the six months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	750.696	/	1061.482	*	365 / 2
	=	129.07

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.

Spectrum Electrical Industries's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	750.696	/	1584.861
	=	0.47

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.

Spectrum Electrical Industries Inventory Turnover Related Terms

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Spectrum Electrical Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Spectrum Electrical Industries Ltd (NSE:SPECTRUM) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Office No. 501, A&B, Omega Building, 5th Floor, Omega Tower, Hiranandani Garden, Powai, Mumbai, MH, IND, 400076

Website

https://spectrum-india.com

Spectrum Electrical Industries Ltd is an India-based contract manufacturer and a component supplier. It is mainly engaged in the business of designing and manufacturing electrical, automobile, and irrigation components. It offers a varieties of products under the domain of the electrical component including miniature circuit breaker (MCB) base and cover, distribution board, alternating current (AC) Box, modular electric board panels, fancy angle holders, calipers, filter pumps, carrier, and filter tank. It also offers various services including surface coatings, metallic stamping, plastics molding, and designing new molds, and dies press tools. The company mainly offers its products in the Indian market and it also exports some of its products.

Spectrum Electrical Industries Headlines

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