PMEC (Primech Holdings) Inventory Turnover : 535.24 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Primech Holdings 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. Primech Holdings's Cost of Goods Sold for the six months ended in Mar. 2024 was $28.90 Mil. Primech Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.05 Mil. Primech Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 535.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Primech Holdings's Days Inventory for the six months ended in Mar. 2024 was 0.34.

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

Primech Holdings Inventory Turnover Historical Data

The historical data trend for Primech Holdings'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.

Primech Holdings Inventory Turnover Chart

Primech Holdings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

83.34

155.93

409.89

611.38

Primech Holdings Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial				132.86	258.16	250.82	319.71	535.24

Primech Holdings Inventory Turnover Calculation

Primech Holdings'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 )
=	59.915	/ (	(0.141	+	0.055)	/	2 )
=	59.915	/	0.098
=	611.38

Primech Holdings'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	28.903	/ (	(0.053	+	0.055)	/	2 )
=	28.903	/	0.054
=	535.24

Primech Holdings (NAS:PMEC) 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.

Primech Holdings's Days Inventory for the six 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
	=	0.054	/	28.903	*	365 / 2
	=	0.34

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.

Primech Holdings'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 )
	=	0.054	/	37.363
	=	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.

Primech Holdings Inventory Turnover Related Terms

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

Primech Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Primech Holdings Ltd (NAS:PMEC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Ubi Crescent, Singapore, SGP, 408579

Website

https://www.primechholdings.com

Primech Holdings Ltd is a technology-driven facilities services provider in the public and private sectors operating mainly in Singapore. The services offered by the company include Facilities services, Stewarding services, Cleaning services to offices, Cleaning services to homes, and Cleaning Supplies.