Argent Industrial (JSE:ART) Change In Inventory : R0 Mil (TTM As of Sep. 2024)

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What is Argent Industrial Change In Inventory?

Argent Industrial's change in inventory for the quarter that ended in Sep. 2024 was R0 Mil. It means Argent Industrial's inventory stayed the same from Mar. 2024 to Sep. 2024 .

Argent Industrial's change in inventory for the fiscal year that ended in Mar. 2024 was R-62 Mil. It means Argent Industrial's inventory increased by R62 Mil from Mar. 2023 to Mar. 2024 .

Argent Industrial's Total Inventories for the quarter that ended in Sep. 2024 was R737 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Argent Industrial's Days Inventory for the quarter that ended in Sep. 2024 was 147.27.

Inventory Turnover measures how fast the company turns over its inventory within a year. Argent Industrial's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.24.

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. Argent Industrial's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.57.

Argent Industrial Change In Inventory Historical Data

The historical data trend for Argent Industrial'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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Argent Industrial Change In Inventory Chart

Argent Industrial Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Change In Inventory

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14.91

31.36

-154.49

-118.28

-61.89

Argent Industrial Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Argent Industrial 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was R0 Mil.

Argent Industrial (JSE:ART) Change In Inventory Explanation

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

Argent Industrial's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	723.499	/	896.594	*	365 / 2
	=	147.27

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

Argent Industrial's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	896.594	/	723.499
	=	1.24

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.

Argent Industrial's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	723.499	/	1264.427
	=	0.57

Argent Industrial Change In Inventory Related Terms

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Argent Industrial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Argent Industrial Ltd (JSE:ART) » Definitions » Change In Inventory

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Address

First Floor, Ridge 63, 8 Sinembe Crescent, Sinembe Park, PO Box 5108, La Lucia Ridge Office Estate, Durban, NL, ZAF, 4019

Website

https://www.argent.co.za

Argent Industrial Ltd is a holding company that derives its income from the manufacturing and trading of steel and steel-related products, and properties. The company is organized into three operating divisions, namely Manufacturing, Steel trading, and Properties. The Manufacturing segment consists of manufacturing branded consumer goods. The steel trading segment makes up of ferrous steel, aluminum, and stainless steel products. Steel products are also traded internally to the group manufacturing businesses. The group charges rent for the properties. The company generates a majority of its revenue from manufacturing businesses. Geographically, it derives a majority of its revenue from South Africa and has a presence in the rest of the world.

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