ZF Commercial Vehicle Control Systems India (NSE:ZFCVINDIA) Inventory Turnover : 3.31 (As of Mar. 2024)

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What is ZF Commercial Vehicle Control Systems India 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. ZF Commercial Vehicle Control Systems India's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹5,796 Mil. ZF Commercial Vehicle Control Systems India's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹1,753 Mil. ZF Commercial Vehicle Control Systems India's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ZF Commercial Vehicle Control Systems India's Days Inventory for the three months ended in Mar. 2024 was 27.60.

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. ZF Commercial Vehicle Control Systems India's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.18.

ZF Commercial Vehicle Control Systems India Inventory Turnover Historical Data

The historical data trend for ZF Commercial Vehicle Control Systems India'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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ZF Commercial Vehicle Control Systems India Inventory Turnover Chart

ZF Commercial Vehicle Control Systems India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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9.36

10.69

13.53

14.56

14.13

ZF Commercial Vehicle Control Systems India 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															3.96	3.82	3.94	3.54	3.31

ZF Commercial Vehicle Control Systems India Inventory Turnover Calculation

ZF Commercial Vehicle Control Systems India'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 )
=	23469.915	/ (	(1569.621	+	1753.442)	/	2 )
=	23469.915	/	1661.5315
=	14.13

ZF Commercial Vehicle Control Systems India'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 )
=	5796.191	/ (	(0	+	1753.442)	/	1 )
=	5796.191	/	1753.442
=	3.31

ZF Commercial Vehicle Control Systems India (NSE:ZFCVINDIA) 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.

ZF Commercial Vehicle Control Systems India'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
	=	1753.442	/	5796.191	*	365 / 4
	=	27.60

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.

ZF Commercial Vehicle Control Systems India'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 )
	=	1753.442	/	9518.573
	=	0.18

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.

ZF Commercial Vehicle Control Systems India Inventory Turnover Related Terms

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ZF Commercial Vehicle Control Systems India (NSE:ZFCVINDIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ZF Commercial Vehicle Control Systems India Ltd (NSE:ZFCVINDIA) » Definitions » Inventory Turnover

Traded in Other Exchanges

533023:India

Address

Plot No. 3 (SP), III Main Road, Ambattur Industrial Estate, Chennai, TN, IND, 600058

Website

https://www.zf.com

ZF Commercial Vehicle Control Systems India Ltd is a supplier of technologies and services that improve commercial vehicle safety, efficiency, and connectivity. It offers conventional braking products, advanced braking systems, and other related air-assisted products and systems, such as air suspension and driveline controls.

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