Hypersoft Technologies (BOM:539724) Inventory Turnover : 0.79 (As of Mar. 2024)

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What is Hypersoft Technologies 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. Hypersoft Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2.88 Mil. Hypersoft Technologies's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹3.65 Mil. Hypersoft Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hypersoft Technologies's Days Inventory for the three months ended in Mar. 2024 was 115.81.

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. Hypersoft Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.94.

Hypersoft Technologies Inventory Turnover Historical Data

The historical data trend for Hypersoft Technologies'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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Hypersoft Technologies Inventory Turnover Chart

Hypersoft Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.10

0.81

1.11

1.59

1.96

Hypersoft Technologies 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															0.29	0.37	0.39	0.43	0.79

Hypersoft Technologies Inventory Turnover Calculation

Hypersoft Technologies'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 )
=	7.248	/ (	(3.7	+	0)	/	1 )
=	7.248	/	3.7
=	1.96

Hypersoft Technologies'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 )
=	2.876	/ (	(3.65	+	0)	/	1 )
=	2.876	/	3.65
=	0.79

Hypersoft Technologies (BOM:539724) 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.

Hypersoft Technologies'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
	=	3.65	/	2.876	*	365 / 4
	=	115.81

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.

Hypersoft Technologies'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 )
	=	3.65	/	1.885
	=	1.94

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.

Hypersoft Technologies Inventory Turnover Related Terms

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Hypersoft Technologies (BOM:539724) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Hypersoft Technologies Ltd (BOM:539724) » Definitions » Inventory Turnover

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Address

28, Goyal Society, Moti Valley, Tirmulgherry, Secunderabad, AP, IND, 500015

Website

http://www.hypersoftindia.net

Hypersoft Technologies Ltd is engaged in building turnkey web and windows applications, database applications, web application services, and web-commerce sites for individual clients worldwide. The company operates in one business segment that is Software. The company's service consists of information technology consulting, offshore IT development, and others. Its products consist of hyper stock, payroll software, flat accounts, and others. The sale of services generates maximum revenue for the company.

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