Mahaveer Infoway (BOM:539383) Inventory Turnover : 0.11 (As of Mar. 2024)

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What is Mahaveer Infoway 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. Mahaveer Infoway's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹0.40 Mil. Mahaveer Infoway's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹3.61 Mil. Mahaveer Infoway's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mahaveer Infoway's Days Inventory for the three months ended in Mar. 2024 was 824.22.

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. Mahaveer Infoway's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.62.

Mahaveer Infoway Inventory Turnover Historical Data

The historical data trend for Mahaveer Infoway'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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Mahaveer Infoway Inventory Turnover Chart

Mahaveer Infoway Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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0.92

0.63

1.13

2.12

6.37

Mahaveer Infoway 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															0.95	1.18	0.47	1.38	0.11

Mahaveer Infoway Inventory Turnover Calculation

Mahaveer Infoway'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 )
=	42.388	/ (	(9.705	+	3.613)	/	2 )
=	42.388	/	6.659
=	6.37

Mahaveer Infoway'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 )
=	0.4	/ (	(0	+	3.613)	/	1 )
=	0.4	/	3.613
=	0.11

Mahaveer Infoway (BOM:539383) 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.

Mahaveer Infoway'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
	=	3.613	/	0.4	*	365 / 4
	=	824.22

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.

Mahaveer Infoway'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 )
	=	3.613	/	5.788
	=	0.62

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.

Mahaveer Infoway Inventory Turnover Related Terms

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Mahaveer Infoway (BOM:539383) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mahaveer Infoway Ltd (BOM:539383) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

7-1-24/2/C, 301/A, Dhansi Surabhi Complex, Greenlands, Ameerpet, Hyderabad, TG, IND, 500016

Website

http://www.minfy.com

Mahaveer Infoway Ltd is a provider of Technology-oriented solutions and has business operations in the fields of Software Development, IT Consulting, Networking Solutions, Software Testing, and Offshore Staffing. The company also offers consulting and information technology (IT) services. It provides a range of services, including software development, Cloud Services in partnership with Amazon, Product and Application testing, packaged software integration, system maintenance, and engineering design services. Its software products segment engages in the product development and creation of propriety software. It generates the majority of its revenue from the sale of trading goods and software development and related services.

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