Tata Elxsi (NSE:TATAELXSI) Inventory Turnover : 483.09 (As of Mar. 2024)

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What is Tata Elxsi 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. Tata Elxsi's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹5,348 Mil. Tata Elxsi's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹11 Mil. Tata Elxsi's Inventory Turnover for the quarter that ended in Mar. 2024 was 483.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tata Elxsi's Days Inventory for the three months ended in Mar. 2024 was 0.19.

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

Tata Elxsi Inventory Turnover Historical Data

The historical data trend for Tata Elxsi'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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Tata Elxsi Inventory Turnover Chart

Tata Elxsi Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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48.05

1,252.54

4,487.00

3,741.37

2,816.50

Tata Elxsi 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															1,255.95	1,296.25	2,500.89	2,563.13	483.09

Tata Elxsi Inventory Turnover Calculation

Tata Elxsi'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 )
=	21029.404	/ (	(3.862	+	11.071)	/	2 )
=	21029.404	/	7.4665
=	2,816.50

Tata Elxsi'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 )
=	5348.324	/ (	(0	+	11.071)	/	1 )
=	5348.324	/	11.071
=	483.09

Tata Elxsi (NSE:TATAELXSI) 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.

Tata Elxsi'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
	=	11.071	/	5348.324	*	365 / 4
	=	0.19

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.

Tata Elxsi'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 )
	=	11.071	/	9059.434
	=	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.

Tata Elxsi Inventory Turnover Related Terms

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Tata Elxsi (NSE:TATAELXSI) Business Description

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500408:India

Address

ITPB Road, Whitefield, Bengaluru, KA, IND, 560 048

Website

https://www.tataelxsi.com

Tata Elxsi Ltd is an India-based provider of design and technology services for the aerospace and defense, automotive, broadcasting and media, communications, consumer products, healthcare, semiconductor, and automotive industries. Its solutions include product engineering, design, Big Data analytics, Internet of Things, content development, artificial intelligence, virtual reality, and systems integration. The firm has operations in India, US, Europe, and Others.

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