Pritika Engineering Components (NSE:PRITIKA) Total Inventories : ₹154.9 Mil (As of Mar. 2023)

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What is Pritika Engineering Components Total Inventories?

Pritika Engineering Components's total inventories for the quarter that ended in Mar. 2023 was ₹154.9 Mil. Pritika Engineering Components's average total inventories from the quarter that ended in Sep. 2022 to the quarter that ended in Mar. 2023 was ₹162.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Pritika Engineering Components's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-42.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pritika Engineering Components's Days Inventory for the six months ended in Mar. 2023 was 95.76.

Inventory Turnover measures how fast the company turns over its inventory within a year. Pritika Engineering Components's Inventory Turnover for the quarter that ended in Mar. 2023 was 1.91.

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. Pritika Engineering Components's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.42.

Pritika Engineering Components Total Inventories Historical Data

The historical data trend for Pritika Engineering Components'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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Pritika Engineering Components Total Inventories Chart

Pritika Engineering Components Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Total Inventories

55.58

96.72

102.13

154.89

Pritika Engineering Components Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23
Total Inventories	55.58	96.72	102.13	170.02	154.89

Pritika Engineering Components 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.

Pritika Engineering Components (NSE:PRITIKA) 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.

Pritika Engineering Components's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 is

	Net-Net Working Capital Per Share (Q: Mar. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(51.456	+	0.75 * 133.396	+	0.5 * 154.887	-	687.396
-	0	-	0)	/	10.8825
=	-42.13

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

Pritika Engineering Components's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	162.4525	/	309.6	*	365 / 2
	=	95.76

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

Pritika Engineering Components's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2023 )	/	Average Total Inventories (Q: Mar. 2023 )
	=	309.6	/	162.4525
	=	1.91

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.

Pritika Engineering Components's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	162.4525	/	390.095
	=	0.42

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.

Pritika Engineering Components Total Inventories Related Terms

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Pritika Engineering Components (NSE:PRITIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pritika Engineering Components Ltd (NSE:PRITIKA) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

Industrial Area, S.A.S Nagar, Plot No.C-94, Phase-VII, Mohali, PB, IND, 160055

Website

https://www.pritikaengineering.com

Pritika Engineering Components Ltd is engaged in the business of manufacturing precision-machined components for the automotive industry, especially for tractors, trucks, and other commercial vehicles. The company manufactures various Tractors and Automobile components like End Covers, Cover Sealed Brakes, Differential Cases, Cover Hydraulic Lift, Cover Transcase, Front Wheel hubs, Fly Wheel Housing, Rear Axle Casings, Hydraulic Lift Covers, Brake Housing, and Front Engine Supports. It manufactures customized products for tractors, commercial vehicles, and other construction equipment.

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