Hindustan Copper (BOM:513599) Inventory Turnover : 0.09 (As of Dec. 2023)

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What is Hindustan Copper 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. Hindustan Copper's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹169 Mil. Hindustan Copper's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹1,955 Mil. Hindustan Copper's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hindustan Copper's Days Inventory for the three months ended in Dec. 2023 was 1,055.12.

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. Hindustan Copper's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.49.

Hindustan Copper Inventory Turnover Historical Data

The historical data trend for Hindustan Copper'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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Hindustan Copper Inventory Turnover Chart

Hindustan Copper Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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1.55

1.38

3.08

6.27

7.82

Hindustan Copper Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.64	7.06	0.41	0.17	0.09

Hindustan Copper Inventory Turnover Calculation

Hindustan Copper'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 )
=	8980.24	/ (	(1130.018	+	1165.327)	/	2 )
=	8980.24	/	1147.6725
=	7.82

Hindustan Copper'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 )
=	169.1	/ (	(1955.3	+	0)	/	1 )
=	169.1	/	1955.3
=	0.09

Hindustan Copper (BOM:513599) 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.

Hindustan Copper'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
	=	1955.3	/	169.1	*	365 / 4
	=	1,055.12

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.

Hindustan Copper'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 )
	=	1955.3	/	3992.9
	=	0.49

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.

Hindustan Copper Inventory Turnover Related Terms

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Hindustan Copper (BOM:513599) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hindustan Copper Ltd (BOM:513599) » Definitions » Inventory Turnover

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HINDCOPPER:India

Address

1, Ashutosh Chowdhury Avenue, Tamara Bhavan, Kolkata, WB, IND, 700 019

Website

https://www.hindustancopper.com

Hindustan Copper Ltd is a copper production company. It is engaged in the exploration, exploitation, and mining of copper and copper ore including beneficiation of minerals, smelting, and refining. Geographically, it operates only in India. The company product portfolio includes Continuous cast copper wire rods, copper cathodes, Copper sulphate, sulphuric acid, Anode slime, and others. The company is primarily engaged in the business of manufacturing and sale of copper products.

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