Zenith Steel Pipes & Industries (BOM:531845) Inventory Turnover : 2.85 (As of Dec. 2024)

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What is Zenith Steel Pipes & Industries 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. Zenith Steel Pipes & Industries's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹193.4 Mil. Zenith Steel Pipes & Industries's Average Total Inventories for the quarter that ended in Dec. 2024 was ₹67.8 Mil. Zenith Steel Pipes & Industries's Inventory Turnover for the quarter that ended in Dec. 2024 was 2.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zenith Steel Pipes & Industries's Days Inventory for the three months ended in Dec. 2024 was 31.98.

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. Zenith Steel Pipes & Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.19.

Zenith Steel Pipes & Industries Inventory Turnover Historical Data

The historical data trend for Zenith Steel Pipes & Industries'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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Zenith Steel Pipes & Industries Inventory Turnover Chart

Zenith Steel Pipes & Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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25.40

7.89

5.42

5.61

5.81

Zenith Steel Pipes & Industries 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															2.37	3.01	0.66	1.79	2.85

Zenith Steel Pipes & Industries Inventory Turnover Calculation

Zenith Steel Pipes & Industries'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 )
=	1185.202	/ (	(209.449	+	198.647)	/	2 )
=	1185.202	/	204.048
=	5.81

Zenith Steel Pipes & Industries'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 )
=	193.371	/ (	(67.776	+	0)	/	1 )
=	193.371	/	67.776
=	2.85

Zenith Steel Pipes & Industries (BOM:531845) 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.

Zenith Steel Pipes & Industries'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
	=	67.776	/	193.371	*	365 / 4
	=	31.98

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.

Zenith Steel Pipes & Industries'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 )
	=	67.776	/	356.898
	=	0.19

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.

Zenith Steel Pipes & Industries Inventory Turnover Related Terms

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Zenith Steel Pipes & Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Zenith Steel Pipes & Industries Ltd (BOM:531845) » Definitions » Inventory Turnover

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ZENITHSTL:India

Address

206, J.B. Marg, 1st Floor, Dalamal House, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.zenithsteelpipes.com

Zenith Steel Pipes & Industries Ltd is a manufacturer of steel pipes in India. Its product portfolio includes Electric Resistance Welded Black pipes, Electric Resistance Welded GI pipes, HSAW Pipes, and others. The vast majority of its revenue comes from India.

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