Triveni Turbine (NSE:TRITURBINE) Inventory Turnover : 1.00 (As of Mar. 2024)

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What is Triveni Turbine 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. Triveni Turbine's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,267 Mil. Triveni Turbine's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹2,263 Mil. Triveni Turbine's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Triveni Turbine's Days Inventory for the three months ended in Mar. 2024 was 91.07.

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. Triveni Turbine's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.49.

Triveni Turbine Inventory Turnover Historical Data

The historical data trend for Triveni Turbine'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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Triveni Turbine Inventory Turnover Chart

Triveni Turbine Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.32

2.19

3.01

3.58

3.84

Triveni Turbine 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															0.89	0.91	0.77	0.83	1.00

Triveni Turbine Inventory Turnover Calculation

Triveni Turbine'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 )
=	8191.9	/ (	(2000.32	+	2262.8)	/	2 )
=	8191.9	/	2131.56
=	3.84

Triveni Turbine'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 )
=	2267.3	/ (	(0	+	2262.8)	/	1 )
=	2267.3	/	2262.8
=	1.00

Triveni Turbine (NSE:TRITURBINE) 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.

Triveni Turbine'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
	=	2262.8	/	2267.3	*	365 / 4
	=	91.07

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.

Triveni Turbine'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 )
	=	2262.8	/	4580.5
	=	0.49

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.

Triveni Turbine Inventory Turnover Related Terms

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Triveni Turbine (NSE:TRITURBINE) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Triveni Turbine Ltd (NSE:TRITURBINE) » Definitions » Inventory Turnover

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533655:India

Address

Express Trade Towers, 8th Floor, 15-16, Sector 16A, Noida, UP, IND, 201301

Website

https://www.triveniturbines.com

Triveni Turbine Ltd is an India-based company that supplies power-generating equipment and solutions. The company offers back-pressure and condensing steam turbines, related spare parts, and aftermarket services. In addition, the company owns a partial stake in GE Triveni Limited, a joint venture cofounded by General Electric and Triveni Turbine. This joint venture offers a portfolio of steam turbine products in the global industrial power-generation market. Triveni Turbine's products are used in sectors including sugar, distillery, palm oil, independent power producers, and textiles. The company generates the majority of its sales from the Indian domestic market.

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