Investment & Precision Castings (BOM:504786) Inventory Turnover : 0.62 (As of Dec. 2024)

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What is Investment & Precision Castings 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. Investment & Precision Castings's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹291 Mil. Investment & Precision Castings's Average Total Inventories for the quarter that ended in Dec. 2024 was ₹472 Mil. Investment & Precision Castings's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Investment & Precision Castings's Days Inventory for the three months ended in Dec. 2024 was 148.31.

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. Investment & Precision Castings's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.21.

Investment & Precision Castings Inventory Turnover Historical Data

The historical data trend for Investment & Precision Castings'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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Investment & Precision Castings Inventory Turnover Chart

Investment & Precision Castings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.16

2.43

2.93

3.00

2.64

Investment & Precision Castings Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.60	0.69	0.59	0.41	0.62

Investment & Precision Castings Inventory Turnover Calculation

Investment & Precision Castings's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	1270.741	/ (	(483.122	+	480.839)	/	2 )
=	1270.741	/	481.9805
=	2.64

Investment & Precision Castings's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	290.636	/ (	(472.381	+	0)	/	1 )
=	290.636	/	472.381
=	0.62

Investment & Precision Castings (BOM:504786) 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.

Investment & Precision Castings's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	472.381	/	290.636	*	365 / 4
	=	148.31

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.

Investment & Precision Castings's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	472.381	/	391.81
	=	1.21

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.

Investment & Precision Castings Inventory Turnover Related Terms

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Investment & Precision Castings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Investment & Precision Castings Ltd (BOM:504786) » Definitions » Inventory Turnover

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Address

Nari Road, Bhavnagar, GJ, IND, 364006

Website

https://www.ipcl.in

Investment & Precision Castings Ltd is engaged in the steel casting business. The company's products portfolio includes two-three-four-wheeler, bus tractor parts; aircraft parts; turbochargers for diesel engines; power plants, pumps and valves, medical implants; electrical and instrumentation; general engineering; electronics; electronics; compressors; artisan castings; and machined components from bar stock. The company also provides its products and services to ancillaries and the wind power generation industry. It operates in two segments Investment Castings and Wind Mill. The majority of the company's revenue comes from the Investment Castings segment.

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