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Ratnaveer Precision Engineering (BOM:543978) Change In Inventory : ₹-391 Mil (TTM As of Mar. 2024)


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What is Ratnaveer Precision Engineering Change In Inventory?

Ratnaveer Precision Engineering's change in inventory for the quarter that ended in Mar. 2024 was ₹-391 Mil. It means Ratnaveer Precision Engineering's inventory increased by ₹391 Mil from Mar. 2023 to Mar. 2024 .

Ratnaveer Precision Engineering's change in inventory for the fiscal year that ended in Mar. 2024 was ₹-391 Mil. It means Ratnaveer Precision Engineering's inventory increased by ₹391 Mil from Mar. 2023 to Mar. 2024 .

Ratnaveer Precision Engineering's Total Inventories for the quarter that ended in Mar. 2024 was ₹2,449 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ratnaveer Precision Engineering's Days Inventory for the quarter that ended in Mar. 2024 was 80.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ratnaveer Precision Engineering's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.27.

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. Ratnaveer Precision Engineering's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.38.

Ratnaveer Precision Engineering Change In Inventory Historical Data

The historical data trend for Ratnaveer Precision Engineering'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.

* Premium members only.

Ratnaveer Precision Engineering Change In Inventory Chart

Ratnaveer Precision Engineering Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Change In Inventory
-160.62 -201.02 -357.58 -345.43 -391.03

Ratnaveer Precision Engineering Semi-Annual Data
Mar20 Mar21 Mar22 Mar23 Mar24
Change In Inventory -160.62 -201.02 -357.58 -345.43 -391.03

Ratnaveer Precision Engineering Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-391 Mil.

* 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.

Ratnaveer Precision Engineering  (BOM:543978) Change In Inventory Explanation

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

Ratnaveer Precision Engineering's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=2253.775/5122.06*365 / 2
=80.30

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

Ratnaveer Precision Engineering's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=5122.06 / 2253.775
=2.27

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.

Ratnaveer Precision Engineering's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=2253.775 / 5953.79
=0.38

* 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.

Ratnaveer Precision Engineering Change In Inventory Related Terms

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Ratnaveer Precision Engineering (BOM:543978) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ratnaveer Precision Engineering Ltd (BOM:543978) » Definitions » Change In Inventory
Comparable Companies
BOM:543590 BOM:541701 BOM:532650 BOM:532741 NSE:SHIVAUM BOM:533270 BOM:504605 NSE:SHYAMCENT BOM:542669 BOM:511672 NUE XKRX:005490 BOM:500228 TSE:5401 SHSE:600019 XAMS:MT STLD NSE:TATASTEEL RS MIC:CHMF
Traded in Other Exchanges
RATNAVEER:India
Address
Plot no. E-77, G.I.D.C, Savli (Manjusar), Vadodara, GJ, IND, 391 775
Website
https://www.ratnaveer.com
Ratnaveer Precision Engineering Ltd is a stainless steel (SS) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes. It manufactures finishing sheets, washers and solar mounting hooks at Unit I and SS pipes & tubes at Unit II. Unit III and Unit IV are dedicated to the backward integration process where Unit III is the melting unit where the company melts steel scrap and turns it into steel ingots and Unit IV is the rolling unit where flat ingots are further processed to turn them into sheets which are the raw material for washers.

Ratnaveer Precision Engineering (BOM:543978) Headlines

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