Amreli Steels (KAR:ASTL) Change In Inventory : ₨1,880 Mil (TTM As of Mar. 2024)

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What is Amreli Steels Change In Inventory?

Amreli Steels's change in inventory for the quarter that ended in Mar. 2024 was ₨1,736 Mil. It means Amreli Steels's inventory declined by ₨1,736 Mil from Dec. 2023 to Mar. 2024 .

Amreli Steels's change in inventory for the fiscal year that ended in Jun. 2023 was ₨4,073 Mil. It means Amreli Steels's inventory declined by ₨4,073 Mil from Jun. 2022 to Jun. 2023 .

Amreli Steels's Total Inventories for the quarter that ended in Mar. 2024 was ₨10,464 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Amreli Steels's Days Inventory for the quarter that ended in Mar. 2024 was 100.45.

Inventory Turnover measures how fast the company turns over its inventory within a year. Amreli Steels's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.91.

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. Amreli Steels's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.01.

Amreli Steels Change In Inventory Historical Data

The historical data trend for Amreli Steels's Change In Inventory 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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Amreli Steels Change In Inventory Chart

Amreli Steels Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Change In Inventory

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404.33

-1,636.78

2,049.11

-6,326.30

4,072.93

Amreli Steels Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															207.61	2,643.00	-185.48	-2,313.41	1,736.18

Amreli Steels Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₨1,880 Mil.

Amreli Steels (KAR:ASTL) Change In Inventory Explanation

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

Amreli Steels's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	11332.1455	/	10294.339	*	365 / 4
	=	100.45

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

Amreli Steels's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	10294.339	/	11332.1455
	=	0.91

3. 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.

Amreli Steels's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	11332.1455	/	11182.624
	=	1.01

Amreli Steels Change In Inventory Related Terms

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Amreli Steels (KAR:ASTL) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Amreli Steels Ltd (KAR:ASTL) » Definitions » Change In Inventory

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Address

Sky Tower, West Wing, Tower–A, Plot No. HC-3, Block No. 4, 14th Floor, KDA Scheme 5, Clifton, Karachi, PAK, 75730

Website

https://www.amrelisteel.com

Amreli Steels Ltd is involved in the manufacturing of steel reinforcement bars in Pakistan. The company's product offerings include Amreli Steels Maxima, Amreli Steels Ultima, Amreli Steels Xtreme and amongst others. The majority of the firm's revenue is derived from Pakistan.