Tara Chand Infralogistic Solutions (NSE:TARACHAND) Inventory Turnover : 1.44 (As of Mar. 2024)

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What is Tara Chand Infralogistic Solutions 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. Tara Chand Infralogistic Solutions's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹28 Mil. Tara Chand Infralogistic Solutions's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹20 Mil. Tara Chand Infralogistic Solutions's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tara Chand Infralogistic Solutions's Days Inventory for the three months ended in Mar. 2024 was 63.16.

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. Tara Chand Infralogistic Solutions's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.

Tara Chand Infralogistic Solutions Inventory Turnover Historical Data

The historical data trend for Tara Chand Infralogistic Solutions'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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Tara Chand Infralogistic Solutions Inventory Turnover Chart

Tara Chand Infralogistic Solutions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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5.97

4.74

2.53

4.16

5.32

Tara Chand Infralogistic Solutions 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															1.63	3.55	1.69	1.61	1.44

Tara Chand Infralogistic Solutions Inventory Turnover Calculation

Tara Chand Infralogistic Solutions'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 )
=	131.743	/ (	(29.78	+	19.703)	/	2 )
=	131.743	/	24.7415
=	5.32

Tara Chand Infralogistic Solutions'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 )
=	28.466	/ (	(0	+	19.703)	/	1 )
=	28.466	/	19.703
=	1.44

Tara Chand Infralogistic Solutions (NSE:TARACHAND) 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.

Tara Chand Infralogistic Solutions'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
	=	19.703	/	28.466	*	365 / 4
	=	63.16

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.

Tara Chand Infralogistic Solutions'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 )
	=	19.703	/	464.861
	=	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.

Tara Chand Infralogistic Solutions Inventory Turnover Related Terms

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Tara Chand Infralogistic Solutions (NSE:TARACHAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tara Chand Infralogistic Solutions Ltd (NSE:TARACHAND) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

342, Industrial Area, Phase I, Chandigarh, IND, 160002

Website

https://www.tarachandindia.in

Tara Chand Infralogistic Solutions Ltd is an Indian company that provides heavy lifting equipment for infrastructure and construction projects. The company is actively engaged in key metro projects in India, largely in Tier 1 and 2 cities, with its large fleet of Hydraulic Piling Rigs, heavy lifting capacity Cranes, and Concrete Construction Machinery. The company has three segments including Transport and handling services, Equipment rental services, and Steel processing and distribution.

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