PMC Fincorp (BOM:534060) Inventory Turnover : 4.85 (As of Mar. 2024)

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What is PMC Fincorp 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. PMC Fincorp's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹5.2 Mil. PMC Fincorp's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹1.1 Mil. PMC Fincorp's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PMC Fincorp's Days Inventory for the three months ended in Mar. 2024 was 18.81.

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. PMC Fincorp's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.

PMC Fincorp Inventory Turnover Historical Data

The historical data trend for PMC Fincorp'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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PMC Fincorp Inventory Turnover Chart

PMC Fincorp Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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8.52

5.42

5.56

14.36

23.31

PMC Fincorp 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															6.95	6.85	6.90	6.00	4.85

PMC Fincorp Inventory Turnover Calculation

PMC Fincorp'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 )
=	22.496	/ (	(0.854	+	1.076)	/	2 )
=	22.496	/	0.965
=	23.31

PMC Fincorp'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 )
=	5.22	/ (	(0	+	1.076)	/	1 )
=	5.22	/	1.076
=	4.85

PMC Fincorp (BOM:534060) 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.

PMC Fincorp'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
	=	1.076	/	5.22	*	365 / 4
	=	18.81

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.

PMC Fincorp'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 )
	=	1.076	/	56.81
	=	0.02

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.

PMC Fincorp Inventory Turnover Related Terms

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PMC Fincorp (BOM:534060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » PMC Fincorp Ltd (BOM:534060) » Definitions » Inventory Turnover

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Address

201 & 202 Second Floor Rattan Jyoti Building, 18, Rajendra Place, New Delhi, IND, 110008

Website

https://www.pmcfincorp.com

PMC Fincorp Ltd is a non-banking finance company. It is engaged in financing business, trading in the shares, and investment activities. It offers Corporate and Personal Finance, Debt Syndication, Private Placement, Arranger, Distribution and Marketing of Financial Products, and Dealing and Investment in the Stock Market. The company generates the majority of its revenue from Interest Income.

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