Shree Cement (NSE:SHREECEM) Inventory Turnover : 0.58 (As of Mar. 2024)

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What is Shree Cement 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. Shree Cement's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹20,466 Mil. Shree Cement's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹35,551 Mil. Shree Cement's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shree Cement's Days Inventory for the three months ended in Mar. 2024 was 158.51.

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. Shree Cement's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.65.

Shree Cement Inventory Turnover Historical Data

The historical data trend for Shree Cement'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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Shree Cement Inventory Turnover Chart

Shree Cement Annual Data

Trend

Jun15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.39

2.37

2.55

2.86

2.51

Shree Cement 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															0.82	0.75	0.86	0.83	0.58

Shree Cement Inventory Turnover Calculation

Shree Cement'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 )
=	79150.1	/ (	(27596.8	+	35550.7)	/	2 )
=	79150.1	/	31573.75
=	2.51

Shree Cement'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 )
=	20466.2	/ (	(0	+	35550.7)	/	1 )
=	20466.2	/	35550.7
=	0.58

Shree Cement (NSE:SHREECEM) 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.

Shree Cement'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
	=	35550.7	/	20466.2	*	365 / 4
	=	158.51

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.

Shree Cement'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 )
	=	35550.7	/	54328.1
	=	0.65

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.

Shree Cement Inventory Turnover Related Terms

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Shree Cement (NSE:SHREECEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Shree Cement Ltd (NSE:SHREECEM) » Definitions » Inventory Turnover

Traded in Other Exchanges

500387:India

Address

21 Strand Road, Kolkata, WB, IND, 700 001

Website

https://www.shreecement.com

Shree Cement Ltd manufactures and sells cement and cement-related products to the building and construction industries. It derives revenue from Cement, Clinker and Power sales, of which Cement products contribute majorly to the revenue. The Cement products are offered under the brands Shree Jung Rodhak and Bangur, among others. Nearly all of the firm's revenue comes from India.

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