Ashoka Metcast (BOM:540923) Change In Inventory : ₹-51.8 Mil (TTM As of Sep. 2023)

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What is Ashoka Metcast Change In Inventory?

Ashoka Metcast's change in inventory for the quarter that ended in Sep. 2023 was ₹-23.0 Mil. It means Ashoka Metcast's inventory increased by ₹23.0 Mil from Mar. 2023 to Sep. 2023 .

Ashoka Metcast's change in inventory for the fiscal year that ended in Mar. 2023 was ₹-76.7 Mil. It means Ashoka Metcast's inventory increased by ₹76.7 Mil from Mar. 2022 to Mar. 2023 .

Ashoka Metcast's Total Inventories for the quarter that ended in Sep. 2023 was ₹341.7 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ashoka Metcast's Days Inventory for the quarter that ended in Sep. 2023 was 388.93.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ashoka Metcast's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.47.

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. Ashoka Metcast's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.64.

Ashoka Metcast Change In Inventory Historical Data

The historical data trend for Ashoka Metcast'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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Ashoka Metcast Change In Inventory Chart

Ashoka Metcast Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Inventory

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-84.73

-31.07

-126.16

-76.72

Ashoka Metcast Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Inventory	Get a 7-Day Free Trial												-69.30	-56.86	-47.85	-28.87	-22.98

Ashoka Metcast 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-51.8 Mil.

Ashoka Metcast (BOM:540923) Change In Inventory Explanation

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

Ashoka Metcast's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	330.162	/	154.924	*	365 / 2
	=	388.93

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

Ashoka Metcast's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	154.924	/	330.162
	=	0.47

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.

Ashoka Metcast's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	330.162	/	201.314
	=	1.64

Ashoka Metcast Change In Inventory Related Terms

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Ashoka Metcast (BOM:540923) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ashoka Metcast Ltd (BOM:540923) » Definitions » Change In Inventory

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ASHOKAMET:India

Address

Mithakhali Six Roads, 7th Floor, Ashoka Chambers, Opposite HCG Hospital, Mithakhali, Ahmedabad, GJ, IND, 380006

Website

http://www.ashokametcast.in

Ashoka Metcast Ltd is currently engaged in the trading of structural steel and goods. The company has two segments namely Steel Trading and Trading of Goods. The company products are Thermo-Mechanically Treated bars, Angle bars, Mild steel bars, and Steel channels.

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