Simmonds Marshall (BOM:507998) Inventory Turnover : 0.43 (As of Dec. 2023)

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What is Simmonds Marshall 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. Simmonds Marshall's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹255 Mil. Simmonds Marshall's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹588 Mil. Simmonds Marshall's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Simmonds Marshall's Days Inventory for the three months ended in Dec. 2023 was 210.69.

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. Simmonds Marshall's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.24.

Simmonds Marshall Inventory Turnover Historical Data

The historical data trend for Simmonds Marshall'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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Simmonds Marshall Inventory Turnover Chart

Simmonds Marshall Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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2.28

1.52

1.38

1.64

1.98

Simmonds Marshall 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															0.41	0.64	0.40	0.45	0.43

Simmonds Marshall Inventory Turnover Calculation

Simmonds Marshall'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 )
=	1132.113	/ (	(530.938	+	614.802)	/	2 )
=	1132.113	/	572.87
=	1.98

Simmonds Marshall'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 )
=	254.699	/ (	(588.093	+	0)	/	1 )
=	254.699	/	588.093
=	0.43

Simmonds Marshall (BOM:507998) 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.

Simmonds Marshall'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
	=	588.093	/	254.699	*	365 / 4
	=	210.69

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.

Simmonds Marshall'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 )
	=	588.093	/	472.708
	=	1.24

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.

Simmonds Marshall Inventory Turnover Related Terms

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Simmonds Marshall (BOM:507998) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Simmonds Marshall Ltd (BOM:507998) » Definitions » Inventory Turnover

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Address

5, Wallace Street, Apeejay Chambers, Fort, Mumbai, MH, IND, 400001

Website

http://www.simmondsmarshall.com

Simmonds Marshall Ltd is a manufacturer of industrial fasteners. It caters to the automotive and industrial sectors and supplies to almost all the major automobile manufacturers in India as original equipment suppliers. The company product range comprises of Cleveloc and all metal self-locking nuts, Dome cap, Slotted and castle, Nylon insert self-locking nuts, Bolts and Studs. It operates in two geographical segments: India and other countries, of which maximum revenue is derived from India.

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