Solitaire Machine Tools (BOM:522152) Inventory Turnover : 0.63 (As of Mar. 2024)

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What is Solitaire Machine 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. Solitaire Machine Tools's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹34.7 Mil. Solitaire Machine Tools's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹54.8 Mil. Solitaire Machine Tools's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.63.

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-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 quarter that ended in Mar. 2024 was 0.83.

Solitaire Machine Tools Inventory Turnover Historical Data

The historical data trend for Solitaire Machine 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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Solitaire Machine Tools Inventory Turnover Chart

Solitaire Machine Tools Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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0.65

1.54

1.20

1.54

1.99

Solitaire Machine Tools Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.89	-0.03	0.69	0.54	0.63

Solitaire Machine Tools Inventory Turnover Calculation

Solitaire Machine Tools's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	109.717	/ (	(55.216	+	54.779)	/	2 )
=	109.717	/	54.9975
=	1.99

Solitaire Machine Tools's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	34.697	/ (	(0	+	54.779)	/	1 )
=	34.697	/	54.779
=	0.63

Solitaire Machine Tools (BOM:522152) 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.

Solitaire Machine Tools's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	54.779	/	34.697	*	365 / 4
	=	144.06

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.

Solitaire Machine Tools's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	54.779	/	66.158
	=	0.83

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.

Solitaire Machine Tools Inventory Turnover Related Terms

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Solitaire Machine Tools (BOM:522152) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Solitaire Machine Tools Ltd (BOM:522152) » Definitions » Inventory Turnover

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Address

A-24/25, Krishna Industrial Estate, Gorwa, Vadodara, GJ, IND, 390016

Website

https://www.smtgrinders.com

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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