Bihar Sponge Iron (BOM:500058) Inventory Turnover : 2.37 (As of Mar. 2025)

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What is Bihar Sponge Iron Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Bihar Sponge Iron's Cost of Goods Sold for the three months ended in Mar. 2025 was ₹971 Mil. Bihar Sponge Iron's Average Total Inventories for the quarter that ended in Mar. 2025 was ₹410 Mil. Bihar Sponge Iron's Inventory Turnover for the quarter that ended in Mar. 2025 was 2.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bihar Sponge Iron's Days Inventory for the three months ended in Mar. 2025 was 38.54.

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. Bihar Sponge Iron's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.42.

Bihar Sponge Iron Inventory Turnover Historical Data

The historical data trend for Bihar Sponge Iron's Inventory Turnover 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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Bihar Sponge Iron Inventory Turnover Chart

Bihar Sponge Iron Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Inventory Turnover

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3.86

3.02

7.60

3.26

4.72

Bihar Sponge Iron Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial															0.75	1.14	0.88	0.74	2.37

Bihar Sponge Iron Inventory Turnover Calculation

Bihar Sponge Iron's Inventory Turnover for the fiscal year that ended in Mar. 2025 is calculated as

	Inventory Turnover (A: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2025 )	/ (	(Total Inventories (A: Mar. 2024 )	+	Total Inventories (A: Mar. 2025 ))	/	count )
=	3043.743	/ (	(880.205	+	410.045)	/	2 )
=	3043.743	/	645.125
=	4.72

Bihar Sponge Iron's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	970.943	/ (	(0	+	410.045)	/	1 )
=	970.943	/	410.045
=	2.37

Bihar Sponge Iron (BOM:500058) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Bihar Sponge Iron's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	410.045	/	970.943	*	365 / 4
	=	38.54

2. 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.

Bihar Sponge Iron's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	410.045	/	984.864
	=	0.42

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Bihar Sponge Iron Inventory Turnover Related Terms

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Bihar Sponge Iron Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bihar Sponge Iron Ltd (BOM:500058) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Umesh Nagar, Chandil, District Saraikela, Kharsawan, JH, IND, 832401

Website

https://www.bsil.org.in

Bihar Sponge Iron Ltd is engaged in manufacturing and selling of sponge iron. It is involved in manufacturing, producing, purchasing, exporting, selling and dealing with the pre-reduced form of iron, including sponge iron. It produces sponge iron from coal and iron ore. The company's primary product, sponge iron, is a pre-reduced ferrous material, which is used in the place of steel scrap by secondary steel producers operating induction and electric arc furnaces in the construction and infrastructure sectors.

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