Aditya Ispat (BOM:513513) Inventory Turnover : 1.00 (As of Dec. 2023)

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What is Aditya Ispat 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. Aditya Ispat's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹102.7 Mil. Aditya Ispat's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹102.5 Mil. Aditya Ispat's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aditya Ispat's Days Inventory for the three months ended in Dec. 2023 was 91.08.

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. Aditya Ispat's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.86.

Aditya Ispat Inventory Turnover Historical Data

The historical data trend for Aditya Ispat'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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Aditya Ispat Inventory Turnover Chart

Aditya Ispat Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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6.08

5.25

9.84

6.22

6.60

Aditya Ispat Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.00	2.08	1.63	1.59	1.00

Aditya Ispat Inventory Turnover Calculation

Aditya Ispat'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 )
=	476.601	/ (	(71.967	+	72.366)	/	2 )
=	476.601	/	72.1665
=	6.60

Aditya Ispat's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	102.718	/ (	(102.523	+	0)	/	1 )
=	102.718	/	102.523
=	1.00

Aditya Ispat (BOM:513513) 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.

Aditya Ispat's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	102.523	/	102.718	*	365 / 4
	=	91.08

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.

Aditya Ispat's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	102.523	/	118.672
	=	0.86

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.

Aditya Ispat Inventory Turnover Related Terms

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Aditya Ispat (BOM:513513) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aditya Ispat Ltd (BOM:513513) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Plot No. 20, Phase V, IDA, Jeedimetla, Hyderabad, AP, IND, 500055

Website

https://www.adityaispat.com

Aditya Ispat Ltd is a company that operates in the steel business. It is primarily involved in the manufacturing of bright steel bars of mild steel, carbon steel, alloy steel, and wires. The bright steel bar is the basic raw material for bolts, nuts, shafts, fasteners, tools, and manual irrigation equipment and is also widely used by automobile, fabrication, engineering, fan, chemical, food, marine, dairy, pharmaceuticals, and aerospace industries. In addition, it is also involved in the manufacturing of HB wire and Annealed wire including Binding wire. Geographically, operates through India and it derives revenue through the sale of the mentioned products.

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