Agni Green Power (NSE:AGNI) Inventory Turnover : 1.39 (As of Sep. 2023)

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What is Agni Green Power 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. Agni Green Power's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹95.1 Mil. Agni Green Power's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹68.5 Mil. Agni Green Power's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Agni Green Power's Days Inventory for the six months ended in Sep. 2023 was 131.41.

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. Agni Green Power's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.48.

Agni Green Power Inventory Turnover Historical Data

The historical data trend for Agni Green Power'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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Agni Green Power Inventory Turnover Chart

Agni Green Power Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

13.30

3.82

5.61

1.66

2.27

Agni Green Power Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial			-0.79	1.60	0.37	1.51	1.39

Agni Green Power Inventory Turnover Calculation

Agni Green Power'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 )
=	157.511	/ (	(64.519	+	74.166)	/	2 )
=	157.511	/	69.3425
=	2.27

Agni Green Power's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	95.085	/ (	(74.166	+	62.768)	/	2 )
=	95.085	/	68.467
=	1.39

Agni Green Power (NSE:AGNI) 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.

Agni Green Power's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	68.467	/	95.085	*	365 / 2
	=	131.41

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.

Agni Green Power's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	68.467	/	142.618
	=	0.48

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.

Agni Green Power Inventory Turnover Related Terms

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Agni Green Power (NSE:AGNI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Agni Green Power Ltd (NSE:AGNI) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

114, Rajdanga Gold Park, Piyali Apartment, 1st Floor, South Parganas, Kolkata, WB, IND, 700107

Website

https://www.agnipower.com

Agni Green Power Ltd is engaged in the business of executing turn-key solar PV power plant projects. It also involves of manufacture, sale and installation of solar photovoltaic power plants, solar lamps, solar power conditioning units and other solar products like charge controller, solar pump controller, solar adaptors, solar generators, junction boxes etc. The Company's product categories consist of Lighting Systems, Power Conditioning Units, Solar MPPT Chargers, Balance Of Systems (BOS), Solarizer (Solar Adaptor), Solar Pumps and Remote Monitoring System.

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