De Neers Tools (NSE:DENEERS) Inventory Turnover : 1.61 (As of Mar. 2022)

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What is De Neers Tools 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. De Neers Tools's Cost of Goods Sold for the six months ended in Mar. 2022 was ₹649.6 Mil. De Neers Tools's Average Total Inventories for the quarter that ended in Mar. 2022 was ₹403.5 Mil. De Neers Tools's Inventory Turnover for the quarter that ended in Mar. 2022 was 1.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. De Neers Tools's Days Inventory for the six months ended in Mar. 2022 was 113.35.

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. De Neers Tools's Inventory-to-Revenue for the quarter that ended in Mar. 2022 was 0.51.

De Neers Tools Inventory Turnover Historical Data

The historical data trend for De Neers Tools'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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De Neers Tools Inventory Turnover Chart

De Neers Tools Annual Data

Trend

Mar20

Mar21

Mar22

Inventory Turnover

5.08

2.79

1.61

De Neers Tools Semi-Annual Data
	Mar20	Mar21	Mar22
Inventory Turnover	5.08	2.79	1.61

De Neers Tools Inventory Turnover Calculation

De Neers Tools's Inventory Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Inventory Turnover (A: Mar. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2022 )	/ (	(Total Inventories (A: Mar. 2021 )	+	Total Inventories (A: Mar. 2022 ))	/	count )
=	649.61	/ (	(267.521	+	539.43)	/	2 )
=	649.61	/	403.4755
=	1.61

De Neers Tools's Inventory Turnover for the quarter that ended in Mar. 2022 is calculated as

	Inventory Turnover (Q: Mar. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2022 )	/ (	(Total Inventories (Q: Mar. 2021 )	+	Total Inventories (Q: Mar. 2022 ))	/	count )
=	649.61	/ (	(267.521	+	539.43)	/	2 )
=	649.61	/	403.4755
=	1.61

De Neers Tools (NSE:DENEERS) 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.

De Neers Tools's Days Inventory for the six months ended in Mar. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2022 )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
	=	403.4755	/	649.61	*	365 / 2
	=	113.35

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.

De Neers Tools's Inventory to Revenue for the quarter that ended in Mar. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2022 )	/	Revenue (Q: Mar. 2022 )
	=	403.4755	/	789.872
	=	0.51

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.

De Neers Tools Inventory Turnover Related Terms

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De Neers Tools (NSE:DENEERS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » De Neers Tools Ltd (NSE:DENEERS) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Plot No. 468, Ground Floor, Industrial Area, Patparganj, Delhi, IND, 110092

Website

https://www.deneerstools.com

De Neers Tools Ltd is a hand tools suppliers in India. The company aims to provide hand tools of the utmost quality that are worth Its customers' money. It continuously works on innovation and research to develop products that can bring a kind of revolution in the hand tool industry. Its products includes Spanners, Wrenches, Pliers, Cutters, Allen keys, Hammers, sockets, Screw Drivers, Tool Kits, Tool Cabinets, Trolleys, etc. It is also specialized in providing Safety Tools like Non-Sparking Tools, Insulated Steel Tools, Non-Sparking Insulated Tools, Stainless Steel Anti-magnetic Tools, and Titanium Tools, with other range of hand tools. The company is predominantly engaged in wholesale trading of hardware & tools which constitutes a single business segment.

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