Atul Auto (BOM:531795) Inventory Turnover : 1.56 (As of Mar. 2024)

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What is Atul Auto 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. Atul Auto's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,182 Mil. Atul Auto's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹758 Mil. Atul Auto's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Atul Auto's Days Inventory for the three months ended in Mar. 2024 was 58.53.

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. Atul Auto's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.48.

Atul Auto Inventory Turnover Historical Data

The historical data trend for Atul Auto'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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Atul Auto Inventory Turnover Chart

Atul Auto Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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8.55

4.83

4.64

6.20

5.22

Atul Auto 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															1.60	0.58	1.02	1.08	1.56

Atul Auto Inventory Turnover Calculation

Atul Auto'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 )
=	3722.2	/ (	(667.4	+	757.9)	/	2 )
=	3722.2	/	712.65
=	5.22

Atul Auto'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 )
=	1181.5	/ (	(0	+	757.9)	/	1 )
=	1181.5	/	757.9
=	1.56

Atul Auto (BOM:531795) 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.

Atul Auto'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
	=	757.9	/	1181.5	*	365 / 4
	=	58.53

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.

Atul Auto'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 )
	=	757.9	/	1581.7
	=	0.48

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.

Atul Auto Inventory Turnover Related Terms

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Atul Auto (BOM:531795) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Atul Auto Ltd (BOM:531795) » Definitions » Inventory Turnover

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ATULAUTO:India

Address

National Highway 8-B, Survey No. 86, Near Microwave Tower, Plot No. 1 - 4, Shapar (Veraval), Rajkot District, Rajkot, GJ, IND, 360024

Website

https://atulauto.co.in

Atul Auto Ltd is an Indian-based automobile manufacturing company. It manufactures and sells three-wheeled commercial automobiles in the domestic and overseas markets. The product portfolio of the company includes Atul Shakti, Atul Gem, Atul Smart, Atul Gemini, Atul RIK, and Atul Elite. The company has a presence in India as well as exports its products internationally. The majority of the revenue is earned from the domestic market. It operates in the following segment namely Automotive Vehicles and Parts and Non-Banking Financial Business.

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