Ramasigns Industries (BOM:515127) Inventory Turnover : 0.09 (As of Dec. 2023)

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What is Ramasigns Industries 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. Ramasigns Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹12.9 Mil. Ramasigns Industries's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹149.2 Mil. Ramasigns Industries's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ramasigns Industries's Days Inventory for the three months ended in Dec. 2023 was 1,055.34.

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. Ramasigns Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 9.76.

Ramasigns Industries Inventory Turnover Historical Data

The historical data trend for Ramasigns Industries'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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Ramasigns Industries Inventory Turnover Chart

Ramasigns Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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5.81

5.00

1.80

2.07

1.38

Ramasigns Industries 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															0.28	0.27	0.19	0.17	0.09

Ramasigns Industries Inventory Turnover Calculation

Ramasigns Industries'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 )
=	198.342	/ (	(136.009	+	150.762)	/	2 )
=	198.342	/	143.3855
=	1.38

Ramasigns Industries'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 )
=	12.897	/ (	(149.159	+	0)	/	1 )
=	12.897	/	149.159
=	0.09

Ramasigns Industries (BOM:515127) 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.

Ramasigns 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
	=	149.159	/	12.897	*	365 / 4
	=	1,055.34

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.

Ramasigns 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 )
	=	149.159	/	15.287
	=	9.76

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.

Ramasigns Industries Inventory Turnover Related Terms

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Ramasigns Industries (BOM:515127) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ramasigns Industries Ltd (BOM:515127) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Walbhat Road, Vimala Bhavan, Unit No. 3, Ground Floor, Sharma Industrial Estate, Goregaon (East), Mumbai, MH, IND, 400063

Website

https://www.ramasigns.in

Ramasigns Industries Ltd is a specialty chemical company. It is engaged in the trading of printing consumables such as flex, vinyl, sunboard, etc. Its only operating segment is Printing Consumables. Its product line consists of Billboards and Banners, Self-Adhesive Vinyl, PVC Foam Board and Celuka Board, Over Laminates and Protection Films, Eco-friendly Billboard Fabrics, Custom Wall Coverings and Canvases, Fluted Polypropylene Boards, Extruded Acrylic Sheets, Display Products, and Eco-Solvent Media.

Ramasigns Industries (BOM:515127) Headlines

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