SML Isuzu (BOM:505192) Inventory Turnover : 0.89 (As of Mar. 2024)

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What is SML Isuzu 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. SML Isuzu's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹5,153 Mil. SML Isuzu's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹5,797 Mil. SML Isuzu's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SML Isuzu's Days Inventory for the three months ended in Mar. 2024 was 102.65.

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. SML Isuzu's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.85.

SML Isuzu Inventory Turnover Historical Data

The historical data trend for SML Isuzu'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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SML Isuzu Inventory Turnover Chart

SML Isuzu Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.62

1.79

2.74

4.07

3.39

SML Isuzu 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															1.10	1.21	0.92	0.69	0.89

SML Isuzu Inventory Turnover Calculation

SML Isuzu'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 )
=	16973.3	/ (	(4218.929	+	5797.3)	/	2 )
=	16973.3	/	5008.1145
=	3.39

SML Isuzu'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 )
=	5153.4	/ (	(0	+	5797.3)	/	1 )
=	5153.4	/	5797.3
=	0.89

SML Isuzu (BOM:505192) 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.

SML Isuzu'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
	=	5797.3	/	5153.4	*	365 / 4
	=	102.65

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.

SML Isuzu'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 )
	=	5797.3	/	6796
	=	0.85

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.

SML Isuzu Inventory Turnover Related Terms

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SML Isuzu (BOM:505192) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SML Isuzu Ltd (BOM:505192) » Definitions » Inventory Turnover

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SMLISUZU:India

Address

SCO 204-205, Sector 34-A, Chandigarh, PB, IND, 160 135

Website

http://www.smlisuzu.com

SML Isuzu Ltd is engaged in the business of manufacturing and selling Commercial Vehicles and their parts. Its business activities are carried out throughout India. The company's product portfolio includes trucks and buses and also provides special application vehicles, such as ambulances, tippers, dumper placers, troop carriers, prison vans, dual cab trucks, 4X4 trucks, water tanker trucks, closed vans, and refrigerated vans. The firm derives the majority of its revenues through the sale of vehicles.

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