G G Automotive Gears (BOM:531399) Inventory Turnover : 1.30 (As of Mar. 2024)

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What is G G Automotive Gears 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. G G Automotive Gears's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹166.5 Mil. G G Automotive Gears's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹128.5 Mil. G G Automotive Gears's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. G G Automotive Gears's Days Inventory for the three months ended in Mar. 2024 was 70.41.

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. G G Automotive Gears's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.44.

G G Automotive Gears Inventory Turnover Historical Data

The historical data trend for G G Automotive Gears'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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G G Automotive Gears Inventory Turnover Chart

G G Automotive Gears Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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5.52

2.90

3.89

3.42

3.48

G G Automotive Gears 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															0.96	0.67	0.86	0.45	1.30

G G Automotive Gears Inventory Turnover Calculation

G G Automotive Gears'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 )
=	477.419	/ (	(145.6	+	128.485)	/	2 )
=	477.419	/	137.0425
=	3.48

G G Automotive Gears'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 )
=	166.511	/ (	(0	+	128.485)	/	1 )
=	166.511	/	128.485
=	1.30

G G Automotive Gears (BOM:531399) 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.

G G Automotive Gears'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
	=	128.485	/	166.511	*	365 / 4
	=	70.41

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.

G G Automotive Gears'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 )
	=	128.485	/	293.703
	=	0.44

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.

G G Automotive Gears Inventory Turnover Related Terms

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G G Automotive Gears (BOM:531399) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » G G Automotive Gears Ltd (BOM:531399) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

A.B. Road, Plot Number 2-A, I. S. Gajra Industrial Area-1, Dewas, MP, IND, 455 001

Website

https://ggautomotive.com

G G Automotive Gears Ltd is an India-based company. It is engaged in designing, manufacturing, supplying, and servicing Gears, Pinions, and Gearboxes. Geographically, it operates and derives revenue from India. The company's product portfolio includes Railway Gears & Shafts, Forged Components & Machined Blanks, Industrial Gears & Gearboxes, Internal rings, Mining & Earth-moving Equipment Spares, Reduction gearboxes, Worm gears, and others.

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