KPIT Technologies (BOM:542651) Inventory Turnover : 9.40 (As of Mar. 2024)

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What is KPIT Technologies 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. KPIT Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹8,485 Mil. KPIT Technologies's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹902 Mil. KPIT Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 was 9.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. KPIT Technologies's Days Inventory for the three months ended in Mar. 2024 was 9.71.

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. KPIT Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.

KPIT Technologies Inventory Turnover Historical Data

The historical data trend for KPIT Technologies'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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KPIT Technologies Inventory Turnover Chart

KPIT Technologies Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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0.58

114.59

37.37

42.56

KPIT Technologies 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															11.33	12.27	8.90	9.08	9.40

KPIT Technologies Inventory Turnover Calculation

KPIT Technologies'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 )
=	31703.86	/ (	(587.5	+	902.49)	/	2 )
=	31703.86	/	744.995
=	42.56

KPIT Technologies'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 )
=	8485.05	/ (	(0	+	902.49)	/	1 )
=	8485.05	/	902.49
=	9.40

KPIT Technologies (BOM:542651) 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.

KPIT Technologies'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
	=	902.49	/	8485.05	*	365 / 4
	=	9.71

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.

KPIT Technologies'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 )
	=	902.49	/	13178
	=	0.07

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.

KPIT Technologies Inventory Turnover Related Terms

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KPIT Technologies (BOM:542651) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » KPIT Technologies Ltd (BOM:542651) » Definitions » Inventory Turnover

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KPITTECH:India

Address

Plot No. 17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Taluka- Mulshi, Hinjawadi, Pune, MH, IND, 411057

Website

https://www.kpit.com

KPIT Technologies Ltd is a global technology company specializing in providing IT Consulting and Product Engineering solutions and services to Automotive, Manufacturing, Energy, and Utilities companies. The Company derives revenues primarily from providing engineering services which includes design engineering services, embedded software development with its related services and from the sale of licenses and products. Geographically, it derives a majority of revenue from the Americas.

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