Bobshell Electrodes (BOM:526925) Inventory Turnover : 1.64 (As of Mar. 2024)

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What is Bobshell Electrodes 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. Bobshell Electrodes's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2.89 Mil. Bobshell Electrodes's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹1.76 Mil. Bobshell Electrodes's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bobshell Electrodes's Days Inventory for the three months ended in Mar. 2024 was 55.61.

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. Bobshell Electrodes's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.27.

Bobshell Electrodes Inventory Turnover Historical Data

The historical data trend for Bobshell Electrodes'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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Bobshell Electrodes Inventory Turnover Chart

Bobshell Electrodes Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.95

7.31

10.15

2.70

4.33

Bobshell Electrodes Quarterly Data
	Mar17	Mar18	Mar19	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															1.00	1.79	0.79	0.47	1.64

Bobshell Electrodes Inventory Turnover Calculation

Bobshell Electrodes'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 )
=	11.574	/ (	(3.587	+	1.762)	/	2 )
=	11.574	/	2.6745
=	4.33

Bobshell Electrodes'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 )
=	2.891	/ (	(0	+	1.762)	/	1 )
=	2.891	/	1.762
=	1.64

Bobshell Electrodes (BOM:526925) 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.

Bobshell Electrodes'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
	=	1.762	/	2.891	*	365 / 4
	=	55.61

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.

Bobshell Electrodes'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 )
	=	1.762	/	6.428
	=	0.27

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.

Bobshell Electrodes Inventory Turnover Related Terms

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Bobshell Electrodes (BOM:526925) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bobshell Electrodes Ltd (BOM:526925) » Definitions » Inventory Turnover

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Address

Near Lal Bunglow, C.G. Road, 802, 8th Floor, Swagat Building, Ellisbridge, Ahmedabad, GJ, IND, 380006

Website

https://www.bobshell.net

Bobshell Electrodes Ltd is engaged in the business of manufacturing and marketing Low Heat Input Maintenance Welding Electrodes. The manufacturing unit of the company is situated at Village: Rakanpur, District: Gandhinagar in the state of Gujarat- India. Its portfolio of the company includes - Filling/Cladding Metal, Joining, and Surfacing.

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