Menon Bearings (BOM:523828) Inventory Turnover : 0.89 (As of Mar. 2024)

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What is Menon Bearings 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. Menon Bearings's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹203 Mil. Menon Bearings's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹228 Mil. Menon Bearings's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Menon Bearings's Days Inventory for the three months ended in Mar. 2024 was 102.87.

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. Menon Bearings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.43.

Menon Bearings Inventory Turnover Historical Data

The historical data trend for Menon Bearings'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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Menon Bearings Inventory Turnover Chart

Menon Bearings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.41

3.91

5.14

4.08

3.67

Menon Bearings 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															0.93	1.00	0.88	0.92	0.89

Menon Bearings Inventory Turnover Calculation

Menon Bearings'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 )
=	816.418	/ (	(216.375	+	228.411)	/	2 )
=	816.418	/	222.393
=	3.67

Menon Bearings'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 )
=	202.613	/ (	(0	+	228.411)	/	1 )
=	202.613	/	228.411
=	0.89

Menon Bearings (BOM:523828) 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.

Menon Bearings'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
	=	228.411	/	202.613	*	365 / 4
	=	102.87

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.

Menon Bearings'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 )
	=	228.411	/	536.158
	=	0.43

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.

Menon Bearings Inventory Turnover Related Terms

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Menon Bearings (BOM:523828) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Menon Bearings Ltd (BOM:523828) » Definitions » Inventory Turnover

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MENONBE:India

Address

G-1, MIDC, Gokul, Shirgaon, Kolhapur, MH, IND, 416 234

Website

https://www.menonbearings.in

Menon Bearings Ltd is engaged in the manufacturing of auto components. The company products include bi-metal Engine bearings, Bushes and Thrust Washers for light and heavy automobile engines, two-wheeler engines as well as compressors for refrigerators, air conditioners, and others. Its bearing products include bearings for connecting rods, flanged bearings, and tri-metal bearings. The thrust washers include washers with thrust face contours and ring-type thrust washers. It offers truncated bushes for connecting rods; ball indented bushes; bushes for connecting rods; rocker arms and rock shafts. It has one business segment namely Auto Components.

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