Crimson Metal Engineering Co (BOM:526977) Inventory Turnover : 0.53 (As of Dec. 2024)

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What is Crimson Metal Engineering Co 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. Crimson Metal Engineering Co's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹4.36 Mil. Crimson Metal Engineering Co's Average Total Inventories for the quarter that ended in Dec. 2024 was ₹8.27 Mil. Crimson Metal Engineering Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Crimson Metal Engineering Co's Days Inventory for the three months ended in Dec. 2024 was 173.08.

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. Crimson Metal Engineering Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.41.

Crimson Metal Engineering Co Inventory Turnover Historical Data

The historical data trend for Crimson Metal Engineering Co'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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Crimson Metal Engineering Co Inventory Turnover Chart

Crimson Metal Engineering Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.74

2.50

2.73

2.18

2.37

Crimson Metal Engineering Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.52	0.70	0.47	1.20	0.53

Crimson Metal Engineering Co Inventory Turnover Calculation

Crimson Metal Engineering Co'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 )
=	27.526	/ (	(12.203	+	10.99)	/	2 )
=	27.526	/	11.5965
=	2.37

Crimson Metal Engineering Co's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	4.36	/ (	(8.27	+	0)	/	1 )
=	4.36	/	8.27
=	0.53

Crimson Metal Engineering Co (BOM:526977) 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.

Crimson Metal Engineering Co's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	8.27	/	4.36	*	365 / 4
	=	173.08

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.

Crimson Metal Engineering Co's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	8.27	/	20.055
	=	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.

Crimson Metal Engineering Co Inventory Turnover Related Terms

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Crimson Metal Engineering Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Crimson Metal Engineering Co Ltd (BOM:526977) » Definitions » Inventory Turnover

Comparable Companies

BOM:531913 BOM:513397 BOM:543377 BOM:513403 BOM:504731 BOM:531343 BOM:513558 BOM:526967 BOM:513540 BOM:539197

Traded in Other Exchanges

N/A

Address

Prakasam Road Broadway, 163/1, 2nd Floor, K. Sons Complex, Broadway, Chennai, TN, IND, 600108

Website

https://www.crmetal.in

Crimson Metal Engineering Co Ltd is engaged in the manufacturing and selling of a reputed brand of Black pipe (ERW Pipe) and G.I. Pipe. The company manufactures pipes like M.S. black pipes, G.L. pipes, G.P. pipes, and Square and rectangle pipes. These pipes are used in many industries such as scaffolding, tower, agriculture, bus, construction, automobile, fabricated, fencing, irrigation overhead, railways, and engineering industries.

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