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Welcast Steels (BOM:504988) Inventory-to-Revenue : 0.48 (As of Mar. 2024)


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What is Welcast Steels Inventory-to-Revenue?

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. Welcast Steels's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹121.8 Mil. Welcast Steels's Revenue for the three months ended in Mar. 2024 was ₹256.0 Mil. Welcast Steels's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.48.

Welcast Steels's Inventory-to-Revenue for the quarter that ended in Mar. 2024 declined from Dec. 2023 (0.51) to Dec. 2023 (0.48)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Welcast Steels's Days Inventory for the three months ended in Mar. 2024 was 71.09.

Inventory Turnover measures how fast the company turns over its inventory within a year. Welcast Steels's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.28.


Welcast Steels Inventory-to-Revenue Historical Data

The historical data trend for Welcast Steels's Inventory-to-Revenue 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.

Welcast Steels Inventory-to-Revenue Chart

Welcast Steels Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.16 0.16 0.16 0.14

Welcast Steels Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.66 0.62 0.45 0.51 0.48

Competitive Comparison of Welcast Steels's Inventory-to-Revenue

For the Steel subindustry, Welcast Steels's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Welcast Steels's Inventory-to-Revenue Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Welcast Steels's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Welcast Steels's Inventory-to-Revenue falls into.



Welcast Steels Inventory-to-Revenue Calculation

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.

Welcast Steels's Inventory-to-Revenue for the fiscal year that ended in Mar. 2024 is calculated as

Inventory-to-Revenue (A: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Mar. 2023 ) + Total Inventories (A: Mar. 2024 )) / count ) / Revenue (A: Mar. 2024 )
=( (131.436 + 121.825) / 2 ) / 908.925
=126.6305 / 908.925
=0.14

Welcast Steels's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue (Q: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Revenue (Q: Mar. 2024 )
=( (0 + 121.825) / 1 ) / 256.043
=121.825 / 256.043
=0.48

* 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.


Welcast Steels  (BOM:504988) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Welcast Steels's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=121.825/156.379*365 / 4
=71.09

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

Welcast Steels's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=156.379 / 121.825
=1.28

* 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.


Welcast Steels Inventory-to-Revenue Related Terms

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Welcast Steels (BOM:504988) Business Description

Traded in Other Exchanges
N/A
Address
Plot No. 15, Phase I, Peenya Industrial Area, Banglore, KA, IND, 560 058
Welcast Steels Ltd is engaged in the manufacturing and marketing of chrome grinding media balls. The company products are used in Cement and Mining Industry. It exports its products to other countries like USA, U.A.E., Japan, Australia, Thailand, Sri Lanka, UK, Bangladesh, Indonesia, Oman, Qatar, Philippines, Slovakia, Hong Kong, Canada, Bulgaria, and Vietnam. The company primarily operates in only one segment namely the manufacturing of High Chrome Grinding Media Balls.

Welcast Steels (BOM:504988) Headlines

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