Stovec Industries (BOM:504959) Total Inventories : ₹585 Mil (As of Dec. 2023)

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What is Stovec Industries Total Inventories?

Stovec Industries's total inventories for the quarter that ended in Dec. 2023 was ₹585 Mil. Stovec Industries's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was ₹293 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Stovec Industries's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ₹176.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Stovec Industries's Days Inventory for the three months ended in Dec. 2023 was 67.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Stovec Industries's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.36.

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. Stovec Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.83.

Stovec Industries Total Inventories Historical Data

The historical data trend for Stovec Industries's Total Inventories 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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Stovec Industries Total Inventories Chart

Stovec Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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331.60

310.83

394.26

575.27

585.26

Stovec Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															575.27	-	624.80	-	585.26

Stovec Industries Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Stovec Industries (BOM:504959) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Stovec Industries's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(324.1	+	0.75 * 311.5	+	0.5 * 585.26	-	482.74
-	0	-	0)	/	2.08802
=	176.06

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Stovec Industries'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
	=	292.63	/	397.79	*	365 / 4
	=	67.13

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	397.79	/	292.63
	=	1.36

4. 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.

Stovec Industries'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 )
	=	292.63	/	350.99
	=	0.83

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Stovec Industries Total Inventories Related Terms

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Stovec Industries (BOM:504959) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Stovec Industries Ltd (BOM:504959) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

N.I.D.C., Near Lambha Village, Post Narol, Ahmedabad, GJ, IND, 382 405

Website

https://www.spgprints.com

Stovec Industries Ltd is engaged in the production of Rotary Screens and Printing Machines and manufacturer of precision metal components. The firm operates in three verticals namely Textile Consumables and Textile Machinery, Graphics Product, and Galvanic. The textile consumables segment comprises perforated rotary screens, lacquer and auxiliary chemicals, rotary screen-printing machines, engraving equipment, components and spares, and digital ink. Graphics Products include anilox rollers, rotamesh screens, and rotaplate. The Galvanic segment consists of Galvano consumables. The Textile consumables segment is the most prominent segment for the firm contributing the majority of the total revenue primarily from India.

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