Adani Ports & Special Economic Zone (BOM:532921) Inventory Turnover : 3.24 (As of Mar. 2024)

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What is Adani Ports & Special Economic Zone 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. Adani Ports & Special Economic Zone's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹14,176 Mil. Adani Ports & Special Economic Zone's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹4,375 Mil. Adani Ports & Special Economic Zone's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Adani Ports & Special Economic Zone's Days Inventory for the three months ended in Mar. 2024 was 28.16.

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. Adani Ports & Special Economic Zone's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.06.

Adani Ports & Special Economic Zone Inventory Turnover Historical Data

The historical data trend for Adani Ports & Special Economic Zone'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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Adani Ports & Special Economic Zone Inventory Turnover Chart

Adani Ports & Special Economic Zone Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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5.76

5.88

7.51

10.86

13.01

Adani Ports & Special Economic Zone 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															2.87	3.21	3.04	3.06	3.24

Adani Ports & Special Economic Zone Inventory Turnover Calculation

Adani Ports & Special Economic Zone'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 )
=	57848.6	/ (	(4519.7	+	4375.1)	/	2 )
=	57848.6	/	4447.4
=	13.01

Adani Ports & Special Economic Zone'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 )
=	14175.9	/ (	(0	+	4375.1)	/	1 )
=	14175.9	/	4375.1
=	3.24

Adani Ports & Special Economic Zone (BOM:532921) 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.

Adani Ports & Special Economic Zone'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
	=	4375.1	/	14175.9	*	365 / 4
	=	28.16

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.

Adani Ports & Special Economic Zone'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 )
	=	4375.1	/	68965
	=	0.06

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.

Adani Ports & Special Economic Zone Inventory Turnover Related Terms

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Adani Ports & Special Economic Zone (BOM:532921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Adani Ports & Special Economic Zone Ltd (BOM:532921) » Definitions » Inventory Turnover

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ADANIPORTS:India

Address

Near Vaishno Devi Circle, S. G. Highway, Adani Corporate House, Shantigram, Khodiyar, Ahmedabad, GJ, IND, 382421

Website

https://www.adaniports.com

Adani Ports & Special Economic Zone Ltd is a port infrastructure company domiciled in India. The company owns, operates, develops, and maintains port terminals and port infrastructure in India, including operating and developing infrastructure at the Special Economic Zone in Mundra. Adani Ports & Special Economic Zone also owns and operates a private railway to transport container cargo, and provides storage, handling, and other logistics services. It has one business segment, namely developing, operating and maintaining the ports services, ports-related Infrastructure development activities and development of infrastructure at contiguous Special Economic Zone at Mundra. The company generates the vast majority of revenue domestically.

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