National Aluminium Co (NSE:NATIONALUM) Inventory Turnover : 2.32 (As of Mar. 2024)

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What is National Aluminium Co 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. National Aluminium Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹42,468 Mil. National Aluminium Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹18,297 Mil. National Aluminium Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. National Aluminium Co's Days Inventory for the three months ended in Mar. 2024 was 39.31.

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. National Aluminium Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.51.

National Aluminium Co Inventory Turnover Historical Data

The historical data trend for National Aluminium Co'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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National Aluminium Co Inventory Turnover Chart

National Aluminium Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.44

1.67

1.19

4.50

3.38

National Aluminium Co Quarterly Data
	Jun19	Sep19	Dec19	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															3.07	0.32	0.32	0.35	2.32

National Aluminium Co Inventory Turnover Calculation

National Aluminium Co'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 )
=	61935.4	/ (	(18402.2	+	18297.2)	/	2 )
=	61935.4	/	18349.7
=	3.38

National Aluminium Co'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 )
=	42468	/ (	(0	+	18297.2)	/	1 )
=	42468	/	18297.2
=	2.32

National Aluminium Co (NSE:NATIONALUM) 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.

National Aluminium Co'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
	=	18297.2	/	42468	*	365 / 4
	=	39.31

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.

National Aluminium Co'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 )
	=	18297.2	/	35804.7
	=	0.51

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.

National Aluminium Co Inventory Turnover Related Terms

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National Aluminium Co (NSE:NATIONALUM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » National Aluminium Co Ltd (NSE:NATIONALUM) » Definitions » Inventory Turnover

Traded in Other Exchanges

532234:India

Address

Nalco Bhawan, Plot No. P/1, Nayapalli, Bhubaneswar, OR, IND, 751013

Website

https://www.nalcoindia.com

National Aluminium Co Ltd mines, produces and sells aluminum and alumina-based products in two segments: aluminium and chemicals. The company controls all stages of the aluminum process. The firm mines bauxite and refines it into alumina, then smelts most of the alumina into aluminum. The aluminum segment, which generates the majority of revenue, sells aluminum-based products. The chemicals segment sells calcinated alumina and alumina hydrate. The firm also owns and operates multiple power plants throughout India. The majority of National Aluminum's revenue comes from India.

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