Prestige Estates Projects (BOM:533274) Inventory Turnover : 0.03 (As of Dec. 2023)

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What is Prestige Estates Projects 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. Prestige Estates Projects's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹5,212 Mil. Prestige Estates Projects's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹198,644 Mil. Prestige Estates Projects's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Prestige Estates Projects's Days Inventory for the three months ended in Dec. 2023 was 3,477.79.

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. Prestige Estates Projects's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 11.06.

Prestige Estates Projects Inventory Turnover Historical Data

The historical data trend for Prestige Estates Projects'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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Prestige Estates Projects Inventory Turnover Chart

Prestige Estates Projects Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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0.28

0.36

0.41

0.32

0.33

Prestige Estates Projects Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.09	0.10	0.04	0.05	0.03

Prestige Estates Projects Inventory Turnover Calculation

Prestige Estates Projects's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	42819	/ (	(115667	+	143671)	/	2 )
=	42819	/	129669
=	0.33

Prestige Estates Projects's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	5212	/ (	(198644	+	0)	/	1 )
=	5212	/	198644
=	0.03

Prestige Estates Projects (BOM:533274) 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.

Prestige Estates Projects's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	198644	/	5212	*	365 / 4
	=	3,477.79

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.

Prestige Estates Projects's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	198644	/	17958
	=	11.06

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.

Prestige Estates Projects Inventory Turnover Related Terms

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Prestige Estates Projects (BOM:533274) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Prestige Estates Projects Ltd (BOM:533274) » Definitions » Inventory Turnover

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PRESTIGE:India

Address

No. 19, Brunton Road, Prestige Falcon Tower, Bangalore, KA, IND, 560025

Website

https://www.prestigeconstructions.com

Prestige Estates Projects Ltd is a real estate development group operating in South India, including in the cities of Chennai, Hyderabad, Kochi, Mysuru, Mangaluru, and Goa. The Prestige Group's property portfolio covers the residential, commercial, retail, property management, and hospitality segments. Projects include landmark malls, large townships, tech parks, hotels, and luxury villas. Most of the company's completed projects come from its Residential segment, while the overwhelming majority of new projects are also from its residential segment. The company generates the majority of its revenue from the Residential segment.

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