Manav infra projects (NSE:MANAV) Inventory Turnover : 1.53 (As of Mar. 2022)

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What is Manav infra 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. Manav infra projects's Cost of Goods Sold for the six months ended in Mar. 2022 was ₹22.21 Mil. Manav infra projects's Average Total Inventories for the quarter that ended in Mar. 2022 was ₹14.56 Mil. Manav infra projects's Inventory Turnover for the quarter that ended in Mar. 2022 was 1.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Manav infra projects's Days Inventory for the six months ended in Mar. 2022 was 119.61.

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. Manav infra projects's Inventory-to-Revenue for the quarter that ended in Mar. 2022 was 0.45.

Manav infra projects Inventory Turnover Historical Data

The historical data trend for Manav infra 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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Manav infra projects Inventory Turnover Chart

Manav infra projects Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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0.14

0.72

0.79

1.34

Manav infra projects Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23
Inventory Turnover	Get a 7-Day Free Trial												0.64	0.22	0.42	1.53	-

Manav infra projects Inventory Turnover Calculation

Manav infra 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 )
=	56.709	/ (	(0	+	0)	/	1 )
=	56.709	/	0
=	N/A

Manav infra projects'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: Sep. 2021 )	+	Total Inventories (Q: Mar. 2022 ))	/	count )
=	22.207	/ (	(14.555	+	0)	/	1 )
=	22.207	/	14.555
=	1.53

Manav infra projects (NSE:MANAV) 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.

Manav infra projects'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
	=	14.555	/	22.207	*	365 / 2
	=	119.61

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.

Manav infra projects'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 )
	=	14.555	/	32.026
	=	0.45

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.

Manav infra projects Inventory Turnover Related Terms

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Manav infra projects (NSE:MANAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Manav infra projects Ltd (NSE:MANAV) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Akurli Road, 226, Gundecha Industrial - Complex, Near Growels Mall, Kandivali (East), Mumbai, MH, IND, 400101

Website

https://www.manavinfra.com

Manav infra projects Ltd is engaged in civil construction services such as piling, excavation, road construction, land leveling. It also provides earth moving machines and construction equipment on rent for infrastructure and construction-related work. Some of the company's projects include Sevens Sagbag, Aroha, HDIL Commercial Basement Work, and others.

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