Mideast Integrated Steels (BOM:540744) Inventory Turnover : 0.54 (As of Dec. 2023)

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What is Mideast Integrated Steels 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. Mideast Integrated Steels's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,154 Mil. Mideast Integrated Steels's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹2,122 Mil. Mideast Integrated Steels's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mideast Integrated Steels's Days Inventory for the three months ended in Dec. 2023 was 167.75.

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. Mideast Integrated Steels's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.61.

Mideast Integrated Steels Inventory Turnover Historical Data

The historical data trend for Mideast Integrated Steels'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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Mideast Integrated Steels Inventory Turnover Chart

Mideast Integrated Steels Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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3.98

1.97

1.26

1.01

3.16

Mideast Integrated Steels 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															0.59	0.99	0.97	0.67	0.54

Mideast Integrated Steels Inventory Turnover Calculation

Mideast Integrated Steels'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 )
=	7361.83	/ (	(2458.71	+	2205.54)	/	2 )
=	7361.83	/	2332.125
=	3.16

Mideast Integrated Steels'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 )
=	1154.43	/ (	(2122.21	+	0)	/	1 )
=	1154.43	/	2122.21
=	0.54

Mideast Integrated Steels (BOM:540744) 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.

Mideast Integrated Steels'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
	=	2122.21	/	1154.43	*	365 / 4
	=	167.75

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.

Mideast Integrated Steels'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 )
	=	2122.21	/	1318.09
	=	1.61

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.

Mideast Integrated Steels Inventory Turnover Related Terms

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Mideast Integrated Steels (BOM:540744) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mideast Integrated Steels Ltd (BOM:540744) » Definitions » Inventory Turnover

Comparable Companies

SGX:A52 DHA:RSRMSTEEL NSE:SHIVAUM ASX:EQX IST:AYES TSE:5973 BOM:505693 XKLS:5192 WAR:IZS WAR:ZMT

Traded in Other Exchanges

N/A

Address

Kailash Colony, H-1, Mesco Tower, Zamrudpur Community Centre, New Delhi, IND, 110048

Website

http://www.mescosteel.com

Mideast Integrated Steels Ltd is engaged in the business of extraction of iron ore. The company operates through a single segment namely the Iron and Steel business. It manufactures various products such as pig iron scrap including plates, fines fresh, and boulders, iron ore calibrated lump ores consisting of iron ore fines, and screened lump, coke breeze, granulated slag, and lime slurry. In addition, it also offers repair services.

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