APL Apollo Tubes (BOM:533758) Inventory Turnover : 2.52 (As of Mar. 2024)

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What is APL Apollo Tubes 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. APL Apollo Tubes's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹41,326 Mil. APL Apollo Tubes's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹16,379 Mil. APL Apollo Tubes's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. APL Apollo Tubes's Days Inventory for the three months ended in Mar. 2024 was 36.17.

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. APL Apollo Tubes's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.36.

APL Apollo Tubes Inventory Turnover Historical Data

The historical data trend for APL Apollo Tubes'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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APL Apollo Tubes Inventory Turnover Chart

APL Apollo Tubes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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8.62

9.52

14.27

12.06

10.02

APL Apollo Tubes 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															2.56	2.65	2.92	2.63	2.52

APL Apollo Tubes Inventory Turnover Calculation

APL Apollo Tubes'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 )
=	156172	/ (	(14798.7	+	16379.3)	/	2 )
=	156172	/	15589
=	10.02

APL Apollo Tubes'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 )
=	41326.4	/ (	(0	+	16379.3)	/	1 )
=	41326.4	/	16379.3
=	2.52

APL Apollo Tubes (BOM:533758) 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.

APL Apollo Tubes'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
	=	16379.3	/	41326.4	*	365 / 4
	=	36.17

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.

APL Apollo Tubes'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 )
	=	16379.3	/	45676.8
	=	0.36

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.

APL Apollo Tubes Inventory Turnover Related Terms

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APL Apollo Tubes (BOM:533758) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » APL Apollo Tubes Ltd (BOM:533758) » Definitions » Inventory Turnover

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APLAPOLLO:India

Address

36, Kaushambi, Near Anand Vihar Terminal, Ghaziabad, UP, IND, 201010

Website

https://www.aplapollo.com

APL Apollo Tubes Ltd is a steel pipe and tubes manufacturer. Its product portfolio consists of MS Black pipes, Galvanized Tubes, Pre-Galvanized Tubes, and Hollow sections used for structural application household structural applications, solar plants, agriculture structures, engineering, and greenhouses. It operates in a single segment that is the production of ERW steel tubes. Geographically, It operates only in India.

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