Bharat Electronics (NSE:BEL) Inventory Turnover : 0.32 (As of Dec. 2023)

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What is Bharat Electronics 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. Bharat Electronics's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹21,316 Mil. Bharat Electronics's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹67,323 Mil. Bharat Electronics's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bharat Electronics's Days Inventory for the three months ended in Dec. 2023 was 288.20.

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. Bharat Electronics's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.63.

Bharat Electronics Inventory Turnover Historical Data

The historical data trend for Bharat Electronics'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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Bharat Electronics Inventory Turnover Chart

Bharat Electronics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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1.32

1.69

1.79

1.69

1.63

Bharat Electronics Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.34	0.37	0.52	0.31	0.32

Bharat Electronics Inventory Turnover Calculation

Bharat Electronics'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 )
=	98372	/ (	(55919	+	64480.4)	/	2 )
=	98372	/	60199.7
=	1.63

Bharat Electronics'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 )
=	21315.8	/ (	(67323.4	+	0)	/	1 )
=	21315.8	/	67323.4
=	0.32

Bharat Electronics (NSE:BEL) 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.

Bharat Electronics'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
	=	67323.4	/	21315.8	*	365 / 4
	=	288.20

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.

Bharat Electronics'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 )
	=	67323.4	/	41422.7
	=	1.63

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.

Bharat Electronics Inventory Turnover Related Terms

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Bharat Electronics (NSE:BEL) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Bharat Electronics Ltd (NSE:BEL) » Definitions » Inventory Turnover

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500049:India

Address

Outer Ring Road, Nagavara, Bengaluru, KA, IND, 560 045

Website

https://bel-india.in

Bharat Electronics Ltd is an aerospace and defense company owned by the Indian government. It manufactures a wide range of specialized electronics for defense and civilian use. Its investments are made in research and development to meet the ever-changing needs of customers and to test products in its pipeline. With approximately three fourths of its revenue derived from the defense sector, relationships with government officials and military camps are critical. The company created a marketing division to take advantage of export opportunities. It ships products to countries with favorable relationships to India and looks to identify long-term supply chain relationships with global players.

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