Sona BLW Precision Forgings (NSE:SONACOMS) Inventory Turnover : 1.11 (As of Mar. 2024)

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What is Sona BLW Precision Forgings 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. Sona BLW Precision Forgings's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹3,858 Mil. Sona BLW Precision Forgings's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹3,475 Mil. Sona BLW Precision Forgings's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sona BLW Precision Forgings's Days Inventory for the three months ended in Mar. 2024 was 82.18.

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. Sona BLW Precision Forgings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.39.

Sona BLW Precision Forgings Inventory Turnover Historical Data

The historical data trend for Sona BLW Precision Forgings'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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Sona BLW Precision Forgings Inventory Turnover Chart

Sona BLW Precision Forgings Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.60

2.92

2.83

3.56

4.10

Sona BLW Precision Forgings Quarterly Data
	Mar19	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													1.05	0.98	1.05	0.94	1.11

Sona BLW Precision Forgings Inventory Turnover Calculation

Sona BLW Precision Forgings'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 )
=	13741.35	/ (	(3229.41	+	3474.91)	/	2 )
=	13741.35	/	3352.16
=	4.10

Sona BLW Precision Forgings'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 )
=	3858.34	/ (	(0	+	3474.91)	/	1 )
=	3858.34	/	3474.91
=	1.11

Sona BLW Precision Forgings (NSE:SONACOMS) 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.

Sona BLW Precision Forgings'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
	=	3474.91	/	3858.34	*	365 / 4
	=	82.18

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.

Sona BLW Precision Forgings'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 )
	=	3474.91	/	8841.25
	=	0.39

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.

Sona BLW Precision Forgings Inventory Turnover Related Terms

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Sona BLW Precision Forgings (NSE:SONACOMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sona BLW Precision Forgings Ltd (NSE:SONACOMS) » Definitions » Inventory Turnover

Traded in Other Exchanges

543300:India

Address

Sona Enclave, Sector 35, Post box No. 90, Village Begumpur Khatola, Gurugram, HR, IND, 122 004

Website

https://www.sonacomstar.com

Sona BLW Precision Forgings Ltd is an automotive technology company in India. It is primarily engaged in designing, manufacturing, and supplying of precision forged bevel gears and differential case assemblies, conventional and micro-hybrid starter motors, EV traction motors for automotive and other applications. The Company's operating business is organised and managed according to a single primary reportable business segment namely Automotive Components. Geographically, it derives a majority of revenue from Outside India.

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