Metkore Alloys & Industries (BOM:532990) Inventory Turnover: 0.03 (As of Sep. 2018)

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What is Metkore Alloys & Industries Inventory Turnover?

Metkore Alloys & Industries BOM:532990 Inventory Turnover is 0.03 as of Sep. 2018.

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. Metkore Alloys & Industries's Cost of Goods Sold for the three months ended in Sep. 2018 was ₹4.03 Mil. Metkore Alloys & Industries's Average Total Inventories for the quarter that ended in Sep. 2018 was ₹148.84 Mil. Metkore Alloys & Industries's Inventory Turnover for the quarter that ended in Sep. 2018 was 0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Metkore Alloys & Industries's Days Inventory for the three months ended in Sep. 2018 was 3,366.70.

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.

Metkore Alloys & Industries  (BOM:532990) 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.

Metkore Alloys & Industries's Days Inventory for the three months ended in Sep. 2018 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2018 )/Cost of Goods Sold (Q: Sep. 2018 )*Days in Period
=148.836/4.034*365 / 4
=3,366.70

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.

Metkore Alloys & Industries's Inventory to Revenue for the quarter that ended in Sep. 2018 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2018 ) / Revenue (Q: Sep. 2018 )
=148.836 / 0
=

* 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.

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.

Metkore Alloys & Industries Inventory Turnover Related Terms

Metkore Alloys & Industries Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Metkore Alloys & 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.

Metkore Alloys & Industries Inventory Turnover Chart

Metkore Alloys & Industries Annual Data
Trend Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.96 3.60 0.84 0.15 0.73

Metkore Alloys & Industries Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.14 0.09 0.00 0.00 0.03

Metkore Alloys & Industries Inventory Turnover Calculation

Metkore Alloys & Industries's Inventory Turnover for the fiscal year that ended in Mar. 2018 is calculated as

Inventory Turnover (A: Mar. 2018 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2018 ) / ((Total Inventories (A: Mar. 2017 ) + Total Inventories (A: Mar. 2018 )) / count )
=172.94 / ((317.786 + 152.87) / 2 )
=172.94 / 235.328
=0.73

Metkore Alloys & Industries's Inventory Turnover for the quarter that ended in Sep. 2018 is calculated as

Inventory Turnover (Q: Sep. 2018 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2018 ) / ((Total Inventories (Q: Jun. 2018 ) + Total Inventories (Q: Sep. 2018 )) / count )
=4.034 / ((0 + 148.836) / 1 )
=4.034 / 148.836
=0.03

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.03 mean?
Metkore Alloys & Industries (BOM:532990) has a Inventory Turnover of 0.03 as of Sep. 2018. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Metkore Alloys & Industries and its competitors.
Is Metkore Alloys & Industries' Inventory Turnover too high?
Metkore Alloys & Industries' current Inventory Turnover is 0.03.
How does Metkore Alloys & Industries' Inventory Turnover compare to competitors?
Metkore Alloys & Industries' Inventory Turnover of 0.03 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Metals & Mining company?
A good Inventory Turnover depends on the Metals & Mining industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Metkore Alloys & Industries and its competitors. Metkore Alloys & Industries's current Inventory Turnover is 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metkore Alloys & Industries stock overvalued right now?
Metkore Alloys & Industries (BOM:532990) has a current Inventory Turnover of 0.03. The current Inventory Turnover is 0.03. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Metkore Alloys & Industries (BOM:532990), the current Inventory Turnover is 0.03 as of Sep. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Metkore Alloys & Industries Business Description

Address 28th Main Road, Number 1914, 2nd Floor, 'C Cross, Jayanagar 9th Block (East), Bangalore, KA, IND, 560069
Metkore Alloys & Industries Ltd is engaged in manufacturing and selling various types of ferrous and non-ferrous metals, alloys steels, ferroalloys, manganese alloys and other metals alloys. The product line of the company consists ferrochrome, and other traded ferroalloy and related products such as ore, coal, coke, charcoal, anthracite coal, quartzite and other. The company operates through the single segment being Iron and Steel, Ferro Alloys Products.