Mukat Pipes (BOM:523832) Inventory Turnover : 1.49 (As of Mar. 2024)

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What is Mukat Pipes 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. Mukat Pipes's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹12.60 Mil. Mukat Pipes's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹8.47 Mil. Mukat Pipes's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mukat Pipes's Days Inventory for the three months ended in Mar. 2024 was 61.35.

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. Mukat Pipes's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.41.

Mukat Pipes Inventory Turnover Historical Data

The historical data trend for Mukat Pipes'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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Mukat Pipes Inventory Turnover Chart

Mukat Pipes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.79

6.88

8.30

2.21

4.38

Mukat Pipes 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															0.87	0.71	0.69	1.09	1.49

Mukat Pipes Inventory Turnover Calculation

Mukat Pipes'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 )
=	38.311	/ (	(9.024	+	8.473)	/	2 )
=	38.311	/	8.7485
=	4.38

Mukat Pipes'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 )
=	12.602	/ (	(0	+	8.473)	/	1 )
=	12.602	/	8.473
=	1.49

Mukat Pipes (BOM:523832) 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.

Mukat Pipes'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
	=	8.473	/	12.602	*	365 / 4
	=	61.35

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.

Mukat Pipes'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 )
	=	8.473	/	20.606
	=	0.41

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.

Mukat Pipes Inventory Turnover Related Terms

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Mukat Pipes (BOM:523832) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mukat Pipes Ltd (BOM:523832) » Definitions » Inventory Turnover

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Address

J.P. Road, Versova, Flat Number 39, Parag Apartments, 7th Floor, Andheri (West), Mumbai, MH, IND, 400061

Website

https://www.mukatpipes.com

Mukat Pipes Ltd is an India-based company that operates in the business of pipes. The company is involved in the manufacturing of Longitudinal and helical pipes. The product offered by the company includes MS shells for Infrastructure, Longitudinal Submerged Arc Welded (SAW) pipes; Spiral SAW pipes; Site pipe fabrication, and Penstock pipes. Geographically, the group operates in India.

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