Chrome Silicon (BOM:513005) Inventory Turnover : 0.85 (As of Mar. 2024)

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What is Chrome Silicon 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. Chrome Silicon's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹407.8 Mil. Chrome Silicon's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹481.8 Mil. Chrome Silicon's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chrome Silicon's Days Inventory for the three months ended in Mar. 2024 was 107.83.

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. Chrome Silicon's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.29.

Chrome Silicon Inventory Turnover Historical Data

The historical data trend for Chrome Silicon'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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Chrome Silicon Inventory Turnover Chart

Chrome Silicon Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.60

1.09

3.08

3.57

0.88

Chrome Silicon Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.08	-0.62	-0.10	0.12	0.85

Chrome Silicon Inventory Turnover Calculation

Chrome Silicon'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 )
=	298.556	/ (	(197.123	+	481.825)	/	2 )
=	298.556	/	339.474
=	0.88

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	407.752	/ (	(0	+	481.825)	/	1 )
=	407.752	/	481.825
=	0.85

Chrome Silicon (BOM:513005) 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.

Chrome Silicon'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
	=	481.825	/	407.752	*	365 / 4
	=	107.83

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.

Chrome Silicon's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	481.825	/	372.251
	=	1.29

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.

Chrome Silicon Inventory Turnover Related Terms

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Chrome Silicon (BOM:513005) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Chrome Silicon Ltd (BOM:513005) » Definitions » Inventory Turnover

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Address

Progressive Towers, 6-2-913/914, 3rd Floor, Khairatabad, Hyderabad, TG, IND, 500004

Website

https://www.vbcfal.in

Chrome Silicon Ltd formerly VBC Ferro Alloys Ltd engages in the manufacturing of Ferro Alloys. Its product portfolio consists of Ferro Silicon, HC Ferro Chrome, and HC Silico Manganese. Its products are used as additives and deoxidizing agents in steel manufacturing. The company also exports its products. Its segment consists of the manufacturing of Ferro Alloys from which it earns the majority of the revenue.

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