Primuss Pipes & Tubes (BOM:513291) Inventory Turnover: 0.86 (As of Dec. 2019)

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BOM:513291 Primuss Pipes & Tubes Ltd BOM:513291
4 GF Score
Price ₹2.68
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What is Primuss Pipes & Tubes Inventory Turnover?

Primuss Pipes & Tubes BOM:513291 4 Inventory Turnover is 0.86 as of Dec. 2019. GuruFocus rates BOM:513291 with a GF Score™ of 4/100.

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. Primuss Pipes & Tubes's Cost of Goods Sold for the three months ended in Dec. 2019 was ₹134.0 Mil. Primuss Pipes & Tubes's Average Total Inventories for the quarter that ended in Dec. 2019 was ₹155.9 Mil. Primuss Pipes & Tubes's Inventory Turnover for the quarter that ended in Dec. 2019 was 0.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Primuss Pipes & Tubes's Days Inventory for the three months ended in Dec. 2019 was 106.18.

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. Primuss Pipes & Tubes's Inventory-to-Revenue for the quarter that ended in Dec. 2019 was 7.01.

Primuss Pipes & Tubes  (BOM:513291) 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.

Primuss Pipes & Tubes's Days Inventory for the three months ended in Dec. 2019 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2019 )/Cost of Goods Sold (Q: Dec. 2019 )*Days in Period
=155.931/134.007*365 / 4
=106.18

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.

Primuss Pipes & Tubes's Inventory to Revenue for the quarter that ended in Dec. 2019 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2019 ) / Revenue (Q: Dec. 2019 )
=155.931 / 22.229
=7.01

* 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.

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.

Primuss Pipes & Tubes Inventory Turnover Related Terms

Primuss Pipes & Tubes Inventory Turnover Historical Data

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The historical data trend for Primuss Pipes & Tubes'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.

Primuss Pipes & Tubes Inventory Turnover Chart

Primuss Pipes & Tubes Annual Data
Trend Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.25 12.87 4.80 8.63 8.04

Primuss Pipes & Tubes Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
Inventory Turnover 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 2.15 1.58 0.74 0.20 0.86
BOM:513291
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Primuss Pipes & Tubes Ltd BOM:513291
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Primuss Pipes & Tubes Inventory Turnover Calculation

Primuss Pipes & Tubes's Inventory Turnover for the fiscal year that ended in Mar. 2019 is calculated as

Inventory Turnover (A: Mar. 2019 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2019 ) / ((Total Inventories (A: Mar. 2018 ) + Total Inventories (A: Mar. 2019 )) / count )
=1270.09 / ((156.913 + 158.898) / 2 )
=1270.09 / 157.9055
=8.04

Primuss Pipes & Tubes's Inventory Turnover for the quarter that ended in Dec. 2019 is calculated as

Inventory Turnover (Q: Dec. 2019 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2019 ) / ((Total Inventories (Q: Sep. 2019 ) + Total Inventories (Q: Dec. 2019 )) / count )
=134.007 / ((155.931 + 0) / 1 )
=134.007 / 155.931
=0.86

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.86 mean?
Primuss Pipes & Tubes (BOM:513291) has a Inventory Turnover of 0.86 as of Dec. 2019. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Primuss Pipes & Tubes and its competitors.
Is Primuss Pipes & Tubes' Inventory Turnover too high?
Primuss Pipes & Tubes' current Inventory Turnover is 0.86. Overall, Primuss Pipes & Tubes has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Primuss Pipes & Tubes' Inventory Turnover compare to NUE?
Primuss Pipes & Tubes' Inventory Turnover of 0.86 can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Steel company?
A good Inventory Turnover depends on the Steel industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Primuss Pipes & Tubes and its competitors. Primuss Pipes & Tubes's current Inventory Turnover is 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Primuss Pipes & Tubes stock overvalued right now?
Primuss Pipes & Tubes (BOM:513291) has a current Inventory Turnover of 0.86. The current Inventory Turnover is 0.86. Primuss Pipes & Tubes' overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Primuss Pipes & Tubes (BOM:513291), the current Inventory Turnover is 0.86 as of Dec. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Primuss Pipes & Tubes Business Description

Address Arya Nagar, 8/225-A, 2nd Floor, Kanpur, UP, IND, 208 002
Primuss Pipes & Tubes Ltd is engaged in manufacturing iron and steel products including black steel tubes, G.I. steel tubes, steel tubular poles, and PVC pipes. The steel pipes and tubes are used for water pipelines, sewerage system, agriculture and irrigation, industrial water lines and plant piping, whereas the tubular poles are available in a wide range of sizes and can be galvanized, painted, or powder coated and it is used for street light poles, sports, and stadium lighting, highway light poles - single hang and others.
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