Harsha Engineers International (BOM:543600) Total Inventories : ₹3,655 Mil (As of Sep. 2024)

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What is Harsha Engineers International Total Inventories?

Harsha Engineers International's total inventories for the quarter that ended in Sep. 2024 was ₹3,655 Mil. Harsha Engineers International's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was ₹1,828 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Harsha Engineers International's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ₹35.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Harsha Engineers International's Days Inventory for the three months ended in Sep. 2024 was 89.03.

Inventory Turnover measures how fast the company turns over its inventory within a year. Harsha Engineers International's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.02.

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. Harsha Engineers International's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.52.

Harsha Engineers International Total Inventories Historical Data

The historical data trend for Harsha Engineers International's Total Inventories 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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Harsha Engineers International Total Inventories Chart

Harsha Engineers International Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Total Inventories

2,319.30

2,675.45

3,757.20

3,768.80

3,536.60

Harsha Engineers International Quarterly Data
	Mar20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial										3,465.60	-	3,536.60	-	3,655.00

Harsha Engineers International Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Harsha Engineers International (BOM:543600) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Harsha Engineers International's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2965.8	+	0.75 * 3102.8	+	0.5 * 3655	-	3929.8
-	0	-	0)	/	91.0441
=	35.04

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Harsha Engineers International's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	1827.5	/	1873.1	*	365 / 4
	=	89.03

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Harsha Engineers International's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	1873.1	/	1827.5
	=	1.02

4. 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.

Harsha Engineers International's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	1827.5	/	3525.8
	=	0.52

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Harsha Engineers International Total Inventories Related Terms

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Harsha Engineers International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harsha Engineers International Ltd (BOM:543600) » Definitions » Total Inventories

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Traded in Other Exchanges

HARSHA:India

Address

NH – 8A,Sarkhej-Bavla Highway, Changodar, Ahmedabad, GJ, IND, 382213

Website

https://www.harshaengineers.com

Harsha Engineers International Ltd is a manufacturer of precision bearing cages. The company supplies its products to customers covering five continents such as North America, Europe, Asia, South America, and Africa. It comprises two segments: Engineering business, under which the company manufactures bearing cages (in brass, steel, and polyamide materials), complex and specialized precision stamped components, welded assemblies and brass castings and cages & bronze bushings: and Solar EPC business, under which the company provide complete comprehensive turnkey solutions to all solar photovoltaic requirements and provides operations and maintenance services in the solar sector.

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