Tolins Tyres (NSE:TOLINS) Inventory Turnover : 1.41 (As of Sep. 2024)

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What is Tolins Tyres 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. Tolins Tyres's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹1,125 Mil. Tolins Tyres's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹797 Mil. Tolins Tyres's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tolins Tyres's Days Inventory for the six months ended in Sep. 2024 was 129.29.

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. Tolins Tyres's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.52.

Tolins Tyres Inventory Turnover Historical Data

The historical data trend for Tolins Tyres'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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Tolins Tyres Inventory Turnover Chart

Tolins Tyres Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

6.28

5.14

3.18

2.72

Tolins Tyres Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial			-	-	1.11	1.41	1.41

Tolins Tyres Inventory Turnover Calculation

Tolins Tyres'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 )
=	1641.44	/ (	(369.58	+	838.43)	/	2 )
=	1641.44	/	604.005
=	2.72

Tolins Tyres's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	1125.16	/ (	(838.43	+	755.84)	/	2 )
=	1125.16	/	797.135
=	1.41

Tolins Tyres (NSE:TOLINS) 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.

Tolins Tyres's Days Inventory for the six months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	797.135	/	1125.16	*	365 / 2
	=	129.29

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.

Tolins Tyres's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	797.135	/	1531.82
	=	0.52

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.

Tolins Tyres Inventory Turnover Related Terms

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Tolins Tyres Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tolins Tyres Ltd (NSE:TOLINS) » Definitions » Inventory Turnover

Traded in Other Exchanges

544254:India

Address

No. 1/47, M C Road, Kalady, Aluva, Ernakulam, KL, IND, 683574

Website

https://www.tolinstyres.com

Tolins Tyres Ltd is one of the companies that are present in both verticals - manufacturing of new tyres and tread rubber. The company is engaged in manufacturing of bias tyres for a comprehensive array of vehicles (including light commercial, agricultural and two/three-wheeler vehicles) and precured tread rubber and is also involved in the manufacturing of ancillary products like bonding gum, vulcanizing solution, tyre flaps and tubes.

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