Rasandik Engineering Industries India (BOM:522207) Inventory Turnover : 0.46 (As of Mar. 2024)

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What is Rasandik Engineering Industries India 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. Rasandik Engineering Industries India's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹131.7 Mil. Rasandik Engineering Industries India's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹289.2 Mil. Rasandik Engineering Industries India's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rasandik Engineering Industries India's Days Inventory for the three months ended in Mar. 2024 was 200.31.

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. Rasandik Engineering Industries India's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.52.

Rasandik Engineering Industries India Inventory Turnover Historical Data

The historical data trend for Rasandik Engineering Industries India'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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Rasandik Engineering Industries India Inventory Turnover Chart

Rasandik Engineering Industries India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.64

2.44

3.63

2.35

1.85

Rasandik Engineering Industries India 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															0.32	0.47	0.44	0.39	0.46

Rasandik Engineering Industries India Inventory Turnover Calculation

Rasandik Engineering Industries India'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 )
=	653.495	/ (	(419.189	+	289.159)	/	2 )
=	653.495	/	354.174
=	1.85

Rasandik Engineering Industries India'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 )
=	131.723	/ (	(0	+	289.159)	/	1 )
=	131.723	/	289.159
=	0.46

Rasandik Engineering Industries India (BOM:522207) 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.

Rasandik Engineering Industries India'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
	=	289.159	/	131.723	*	365 / 4
	=	200.31

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.

Rasandik Engineering Industries India'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 )
	=	289.159	/	189.632
	=	1.52

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.

Rasandik Engineering Industries India Inventory Turnover Related Terms

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Rasandik Engineering Industries India (BOM:522207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rasandik Engineering Industries India Ltd (BOM:522207) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

13/14, Roz-Ka-Meo Industrial Area, Sohna District, Gurugram, HR, IND, 122103

Website

https://www.rasandik.com

Rasandik Engineering Industries India Ltd is engaged in the manufacturing of sheet metal components, TWB and tool and dies for automobiles. The company's products include Tailored welding blanks, Engineering solutions, Tools and dies, Body-in-white (BIW) parts, Suspension parts, Fuel tanks, Exhaust line and CNC bending, Scissor Jack, and White goods. The company earns a majority of its revenue from the domestic sales of sheet metal. The company has only one business segment which is the manufacturing of components.

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