Raasi Refractories (BOM:502271) Inventory Turnover : 0.76 (As of Dec. 2023)

View and export this data going back to 2001. Start your Free Trial

What is Raasi Refractories 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. Raasi Refractories's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹53.9 Mil. Raasi Refractories's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹70.7 Mil. Raasi Refractories's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Raasi Refractories's Days Inventory for the three months ended in Dec. 2023 was 119.71.

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. Raasi Refractories's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.91.

Raasi Refractories Inventory Turnover Historical Data

The historical data trend for Raasi Refractories'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.

* Premium members only.

Raasi Refractories Inventory Turnover Chart

Raasi Refractories Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

Get a 7-Day Free Trial

3.39

6.62

2.15

6.94

12.66

Raasi Refractories 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															1.41	81.66	2.71	1.19	0.76

Raasi Refractories Inventory Turnover Calculation

Raasi Refractories'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 )
=	544.838	/ (	(82.741	+	3.306)	/	2 )
=	544.838	/	43.0235
=	12.66

Raasi Refractories'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 )
=	53.906	/ (	(70.721	+	0)	/	1 )
=	53.906	/	70.721
=	0.76

Raasi Refractories (BOM:502271) 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.

Raasi Refractories'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
	=	70.721	/	53.906	*	365 / 4
	=	119.71

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.

Raasi Refractories'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 )
	=	70.721	/	77.561
	=	0.91

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.

Raasi Refractories Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Raasi Refractories's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Raasi Refractories (BOM:502271) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Raasi Refractories Ltd (BOM:502271) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

House No. 15-145/9, Kodandaram Nagar, Saroor Nagar, Near Sarada Talkies, Hyderabad, TG, IND, 500060

Website

https://www.raasi.in

Raasi Refractories Ltd is engaged in the manufacture of refractory products in India. The company offers Standard as well as Special refractories products which include basic refractories such as magnesite, alumina spinel bricks, fire clay and high alumina, cold and hot face insulation bricks, ramming, stopper heads, and much more.

Raasi Refractories (BOM:502271) Headlines

No Headlines