Thermax (NSE:THERMAX) Inventory Turnover : 2.06 (As of Mar. 2024)

View and export this data going back to 1995. Start your Free Trial

What is Thermax 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. Thermax's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹15,736 Mil. Thermax's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹7,649 Mil. Thermax's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Thermax's Days Inventory for the three months ended in Mar. 2024 was 44.35.

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. Thermax's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.28.

Thermax Inventory Turnover Historical Data

The historical data trend for Thermax'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.

* Premium members only.

Thermax Inventory Turnover Chart

Thermax Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

Get a 7-Day Free Trial

8.07

7.50

7.66

6.24

6.87

Thermax 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															1.69	1.43	1.69	1.70	2.06

Thermax Inventory Turnover Calculation

Thermax'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 )
=	52195.6	/ (	(7556.3	+	7649)	/	2 )
=	52195.6	/	7602.65
=	6.87

Thermax'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 )
=	15736.2	/ (	(0	+	7649)	/	1 )
=	15736.2	/	7649
=	2.06

Thermax (NSE:THERMAX) 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.

Thermax'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
	=	7649	/	15736.2	*	365 / 4
	=	44.35

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.

Thermax'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 )
	=	7649	/	27636.8
	=	0.28

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.

Thermax Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Thermax's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Thermax (NSE:THERMAX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Thermax Ltd (NSE:THERMAX) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

500411:India

Address

14, Mumbai-Pune Road, Thermax House, Wakdewadi, Pune, MH, IND, 411 003

Website

http://www.thermaxglobal.com

Thermax Ltd is a company that provides engineering solutions. The company operates through three segments based on product type. The energy segment, which accounts for the company's sales, supplies boilers, industrial and commercial cooling machines, turnkey power plants, and photovoltaic and thermal solutions. The environment segment provides products and services for infrastructure that controls air pollution and wastewater. The chemical segment supplies chemicals for boilers, resins, paper production, construction, and oil fields. The company generates more than half of its revenue from India.

Thermax (NSE:THERMAX) Headlines

No Headlines