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Signet Industries (NSE:SIGIND) Inventory-to-Revenue : 0.80 (As of Mar. 2024)


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What is Signet Industries 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. Signet Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹2,738 Mil. Signet Industries's Revenue for the three months ended in Mar. 2024 was ₹3,441 Mil. Signet Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.80.

Signet Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 declined from Dec. 2023 (0.85) to Dec. 2023 (0.80)

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. Signet Industries's Days Inventory for the three months ended in Mar. 2024 was 84.99.

Inventory Turnover measures how fast the company turns over its inventory within a year. Signet Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.07.


Signet Industries Inventory-to-Revenue Historical Data

The historical data trend for Signet Industries'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.

Signet Industries Inventory-to-Revenue Chart

Signet Industries 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 0.22 0.25 0.27 0.25 0.22

Signet Industries Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 0.85 0.92 0.98 0.85 0.80

Competitive Comparison of Signet Industries's Inventory-to-Revenue

For the Specialty Chemicals subindustry, Signet Industries'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.


Signet Industries's Inventory-to-Revenue Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Signet Industries's Inventory-to-Revenue distribution charts can be found below:

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



Signet Industries 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.

Signet Industries'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 )
=( (2647.462 + 2737.993) / 2 ) / 12130.383
=2692.7275 / 12130.383
=0.22

Signet Industries'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 + 2737.993) / 1 ) / 3441.334
=2737.993 / 3441.334
=0.80

* 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.


Signet Industries  (NSE:SIGIND) 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.

Signet Industries'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
=2737.993/2939.716*365 / 4
=84.99

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

Signet Industries'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 )
=2939.716 / 2737.993
=1.07

* 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.


Signet Industries Inventory-to-Revenue Related Terms

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Signet Industries (NSE:SIGIND) Business Description

Traded in Other Exchanges
Address
Lasudia Mori, Dewas Naka, Survey Number 314/3, SDA Compound, Indore, MP, IND, 452010
Signet Industries Ltd is engaged in the business of merchant trading of all kinds of polymers and other related products. It is also involved in manufacturing micro-irrigation systems, sprinkler pipes, agro fittings, and its allied products, household and plastic molded furniture's. Its primary segments are Manufacturing, Windmill, and Trading. The Manufacturing segment comprises of manufacturing of irrigation and plastic products. Its Windmill includes the wind turbine power unit and the Trading segment involves the trading of Polymers and Plastic Granuals. It derives prime revenue from India.

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