ABM International (NSE:ABMINTLLTD) Inventory Turnover : 1.37 (As of Dec. 2023)

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What is ABM International 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. ABM International's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹229 Mil. ABM International's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹167 Mil. ABM International's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ABM International's Days Inventory for the three months ended in Dec. 2023 was 66.71.

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. ABM International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.80.

ABM International Inventory Turnover Historical Data

The historical data trend for ABM International'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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ABM International Inventory Turnover Chart

ABM International Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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10.53

10.92

15.21

40.88

12.68

ABM International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															4.56	1.65	1.91	1.91	1.37

ABM International Inventory Turnover Calculation

ABM International's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	935.26	/ (	(12.824	+	134.685)	/	2 )
=	935.26	/	73.7545
=	12.68

ABM International's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	228.799	/ (	(167.28	+	0)	/	1 )
=	228.799	/	167.28
=	1.37

ABM International (NSE:ABMINTLLTD) 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.

ABM International's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	167.28	/	228.799	*	365 / 4
	=	66.71

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.

ABM International's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	167.28	/	210.289
	=	0.80

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.

ABM International Inventory Turnover Related Terms

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ABM International (NSE:ABMINTLLTD) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » ABM International Ltd (NSE:ABMINTLLTD) » Definitions » Inventory Turnover

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Address

10/60, Industrial Area, Kirti Nagar, New Delhi, IND, 110015

Website

http://www.abmintl.in

ABM International Ltd is an India-based company engaged in importing and distributing plastic raw materials. The company offers PVC resins, Dicumyl Peroxide(DCP), finished leathers, and other products. The revenue is generated from the sale of products. The nature of the industry in which the company operates is Trading in Plastic raw materials, PVC Leather Cloth, and Finished Leather.

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