What is Solitaire Machine Tools Inventory-to-Revenue?
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. Solitaire Machine Tools's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹54.8 Mil. Solitaire Machine Tools's Revenue for the
three
months ended in Mar. 2024 was ₹66.2 Mil.
Solitaire Machine Tools's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.83.
Solitaire Machine Tools's Inventory-to-Revenue for the quarter that ended in Mar. 2024
declined
from Dec. 2023 (1.11) to Dec. 2023 (0.83)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Solitaire Machine Tools's Days Inventory for the
three
months ended in Mar. 2024 was 144.06.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Solitaire Machine Tools's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.63.
Solitaire Machine Tools Inventory-to-Revenue Historical Data
The historical data trend for Solitaire Machine Tools's Inventory-to-Revenue 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.
Competitive Comparison of Solitaire Machine Tools's Inventory-to-Revenue
For the Tools & Accessories subindustry, Solitaire Machine Tools's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Solitaire Machine Tools's Inventory-to-Revenue Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Solitaire Machine Tools's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Solitaire Machine Tools's Inventory-to-Revenue falls into.
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.
Solitaire Machine Tools's Inventory-to-Revenue for the fiscal year that ended in Mar. 2024 is calculated as
* 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.
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Solitaire Machine Tools's Days Inventory for the
three
months ended in Mar. 2024 is calculated as:
* 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.
Solitaire Machine Tools Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Solitaire Machine Tools's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Solitaire Machine Tools (BOM:522152) Business Description
Solitaire Machine Tools Ltd manufactures precision centerless grinders. The company has one reportable segment namely Centerless Grinding Machine & Spares parts & Accessories. The firm also offers CNC products, including precision servo infeed attachments, servo drives for regulating wheels, two-axis CNC grinding wheel dressers, and diamond roll dressers for grinding wheels, as well as two, three, four, and five-axis CNC grinder controls. The company also provides remanufacturing and CNC retrofitting services for grinders. Its centerless grinders are used in the industry like an automobile, automobile ancillaries, textiles machinery, steel industry, and bearing industry.
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