Micropro Software Solutions (NSE:MICROPRO) Inventory Turnover : 25.09 (As of Mar. 2023)

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What is Micropro Software Solutions 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. Micropro Software Solutions's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹75.7 Mil. Micropro Software Solutions's Average Total Inventories for the quarter that ended in Mar. 2023 was ₹3.0 Mil. Micropro Software Solutions's Inventory Turnover for the quarter that ended in Mar. 2023 was 25.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Micropro Software Solutions's Days Inventory for the six months ended in Mar. 2023 was 7.27.

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. Micropro Software Solutions's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.01.

Micropro Software Solutions Inventory Turnover Historical Data

The historical data trend for Micropro Software Solutions'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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Micropro Software Solutions Inventory Turnover Chart

Micropro Software Solutions Annual Data

Trend

Mar21

Mar22

Mar23

Inventory Turnover

22.93

27.36

25.09

Micropro Software Solutions Semi-Annual Data
	Mar21	Mar22	Mar23
Inventory Turnover	22.93	27.36	25.09

Micropro Software Solutions Inventory Turnover Calculation

Micropro Software Solutions'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 )
=	75.696	/ (	(2.707	+	3.327)	/	2 )
=	75.696	/	3.017
=	25.09

Micropro Software Solutions's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	75.696	/ (	(2.707	+	3.327)	/	2 )
=	75.696	/	3.017
=	25.09

Micropro Software Solutions (NSE:MICROPRO) 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.

Micropro Software Solutions's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	3.017	/	75.696	*	365 / 2
	=	7.27

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.

Micropro Software Solutions's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	3.017	/	219.364
	=	0.01

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.

Micropro Software Solutions Inventory Turnover Related Terms

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Micropro Software Solutions (NSE:MICROPRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Micropro Software Solutions Ltd (NSE:MICROPRO) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Gayatri Nagar Road, Plot NO. 28, 102 Wing A, 7th Floor, VIPL IT Park Building, Nagpur, MH, IND, 440022

Website

https://www.microproindia.com

Micropro Software Solutions Ltd is engaged in the business of providing software development, maintenance services as well as trading of hardware and software products. The company provides consulting along with technical services and IT solutions to its clients across different industries. The services offered by the company include IT Infrastructure Management, Manpower Services, Network and Security Services among others. It also offers software products such as HospyCare, OpenSys-Logix, OpenSys MicroBooks and others.

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