Paramount Speciality Forgings (NSE:PSFL) Change In Inventory : ₹-91.2 Mil (TTM As of Mar. 2024)

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What is Paramount Speciality Forgings Change In Inventory?

Paramount Speciality Forgings's change in inventory for the quarter that ended in Mar. 2024 was ₹-91.2 Mil. It means Paramount Speciality Forgings's inventory increased by ₹91.2 Mil from Mar. 2023 to Mar. 2024 .

Paramount Speciality Forgings's change in inventory for the fiscal year that ended in Mar. 2024 was ₹-91.2 Mil. It means Paramount Speciality Forgings's inventory increased by ₹91.2 Mil from Mar. 2023 to Mar. 2024 .

Paramount Speciality Forgings's Total Inventories for the quarter that ended in Mar. 2024 was ₹385.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Paramount Speciality Forgings's Days Inventory for the quarter that ended in Mar. 2024 was 76.14.

Inventory Turnover measures how fast the company turns over its inventory within a year. Paramount Speciality Forgings's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.40.

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. Paramount Speciality Forgings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.34.

Paramount Speciality Forgings Change In Inventory Historical Data

The historical data trend for Paramount Speciality Forgings'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.
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Paramount Speciality Forgings Change In Inventory Chart

Paramount Speciality Forgings Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Change In Inventory

-50.05

-6.11

-118.41

-91.20

Paramount Speciality Forgings Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Change In Inventory	-50.05	-6.11	-118.41	-91.20

Paramount Speciality Forgings 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 ₹-91.2 Mil.

Paramount Speciality Forgings (NSE:PSFL) Change In Inventory Explanation

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

Paramount Speciality Forgings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	339.821	/	814.527	*	365 / 2
	=	76.14

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

Paramount Speciality Forgings's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	814.527	/	339.821
	=	2.40

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.

Paramount Speciality Forgings's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	339.821	/	999.954
	=	0.34

Paramount Speciality Forgings Change In Inventory Related Terms

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Paramount Speciality Forgings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Paramount Speciality Forgings Ltd (NSE:PSFL) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

Dr. Mascarenhas Road, 3, 1, Guru Himmat Building, Anjirwadi, Mazgaon, Mumbai, MH, IND, 400010

Website

https://www.paramountforge.com

Paramount Speciality Forgings Ltd is engaged in manufacturing steel forgings in India. It manufacture and provide forged components ranging in weight from 1Kg to 4 metric tons in rough or finish-machined condition. Its product are used in industry such as Petrochemicals, Chemicals, Fertilizers, Oil and Gas, Nuclear Power, and other heavy engineering sectors. The Company only operates in sale of carbon steel and stainless steel flanges and fittings and other engineering goods made from steel and stainless steel goods or any other goods and merchandise.

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