Surani Steel Tubes (NSE:SURANI) Change In Inventory : ₹-460 Mil (TTM As of Mar. 2024)

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What is Surani Steel Tubes Change In Inventory?

Surani Steel Tubes's change in inventory for the quarter that ended in Mar. 2024 was ₹-419 Mil. It means Surani Steel Tubes's inventory increased by ₹419 Mil from Sep. 2023 to Mar. 2024 .

Surani Steel Tubes's change in inventory for the fiscal year that ended in Mar. 2024 was ₹-460 Mil. It means Surani Steel Tubes's inventory increased by ₹460 Mil from Mar. 2023 to Mar. 2024 .

Surani Steel Tubes's Total Inventories for the quarter that ended in Mar. 2024 was ₹633 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Surani Steel Tubes's Days Inventory for the quarter that ended in Mar. 2024 was 89.26.

Inventory Turnover measures how fast the company turns over its inventory within a year. Surani Steel Tubes's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.04.

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. Surani Steel Tubes's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.47.

Surani Steel Tubes Change In Inventory Historical Data

The historical data trend for Surani Steel Tubes'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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Surani Steel Tubes Change In Inventory Chart

Surani Steel Tubes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Change In Inventory

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-27.06

10.75

-51.70

95.44

-459.84

Surani Steel Tubes Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Change In Inventory	Get a 7-Day Free Trial											-	-	-	-40.88	-418.96

Surani Steel Tubes 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-460 Mil.

Surani Steel Tubes (NSE:SURANI) Change In Inventory Explanation

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

Surani Steel Tubes's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	423.558	/	865.963	*	365 / 2
	=	89.26

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

Surani Steel Tubes's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	865.963	/	423.558
	=	2.04

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.

Surani Steel Tubes's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	423.558	/	905.215
	=	0.47

Surani Steel Tubes Change In Inventory Related Terms

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Surani Steel Tubes (NSE:SURANI) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Surani Steel Tubes Ltd (NSE:SURANI) » Definitions » Change In Inventory

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Address

Bayad Road, Sr. No. 110,115, Opposite Vinayak TMT, Village Sampa, Taluka Dahegam, Gandhinagar, GJ, IND, 382315

Website

https://www.suranisteel.com

Surani Steel Tubes Ltd is engaged in manufacturing and supplying ERW pipes and steel tubes. The company operates a single segment named manufacturing ERW MS PIPES and trading of MS PIPE. The company's products include ERW Round Pipes and Tubes, Square and Rectangle Hollow Sections, MS Slit Coils and Strips, Hot Roll Coils, and Brochures. Geographically, it operates only in India.

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