IRM Energy (NSE:IRMENERGY) Inventory Turnover : 36.85 (As of Mar. 2024)

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What is IRM Energy 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. IRM Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,579 Mil. IRM Energy's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹43 Mil. IRM Energy's Inventory Turnover for the quarter that ended in Mar. 2024 was 36.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IRM Energy's Days Inventory for the three months ended in Mar. 2024 was 2.48.

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

IRM Energy Inventory Turnover Historical Data

The historical data trend for IRM Energy'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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IRM Energy Inventory Turnover Chart

IRM Energy Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

105.58

208.30

427.98

208.09

IRM Energy Quarterly Data
	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial					105.84	46.11	32.04	37.95	36.85

IRM Energy Inventory Turnover Calculation

IRM Energy'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 )
=	6465.23	/ (	(19.29	+	42.85)	/	2 )
=	6465.23	/	31.07
=	208.09

IRM Energy'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 )
=	1579.03	/ (	(0	+	42.85)	/	1 )
=	1579.03	/	42.85
=	36.85

IRM Energy (NSE:IRMENERGY) 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.

IRM Energy'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
	=	42.85	/	1579.03	*	365 / 4
	=	2.48

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.

IRM Energy'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 )
	=	42.85	/	2142.46
	=	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.

IRM Energy Inventory Turnover Related Terms

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IRM Energy (NSE:IRMENERGY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » IRM Energy Ltd (NSE:IRMENERGY) » Definitions » Inventory Turnover

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Traded in Other Exchanges

544004:India

Address

S.G. Highway, Corporate Park, Near Sola Bridge, 4th Floor, Block 8, Magnet, Thaltej, Ahmedabad, GJ, IND, 380054

Website

https://www.irmenergy.com

IRM Energy Ltd is a gas distribution company. It is involved in developing, operating, and expanding of local natural gas distribution network. IRM Energy is a value-driven energy enterprise serving industrial, commercial, domestic, and automobile customers.

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