Indian Metals & Ferro Alloys (BOM:533047) Inventory Turnover : 0.48 (As of Jun. 2024)

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What is Indian Metals & Ferro Alloys 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. Indian Metals & Ferro Alloys's Cost of Goods Sold for the three months ended in Jun. 2024 was ₹3,385 Mil. Indian Metals & Ferro Alloys's Average Total Inventories for the quarter that ended in Jun. 2024 was ₹7,118 Mil. Indian Metals & Ferro Alloys's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Indian Metals & Ferro Alloys's Days Inventory for the three months ended in Jun. 2024 was 191.87.

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. Indian Metals & Ferro Alloys's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.07.

Indian Metals & Ferro Alloys Inventory Turnover Historical Data

The historical data trend for Indian Metals & Ferro Alloys'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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Indian Metals & Ferro Alloys Inventory Turnover Chart

Indian Metals & Ferro Alloys Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.05

2.33

2.20

2.41

2.23

Indian Metals & Ferro Alloys Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.56	0.56	0.55	0.59	0.48

Indian Metals & Ferro Alloys Inventory Turnover Calculation

Indian Metals & Ferro Alloys'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 )
=	15162.6	/ (	(6474.7	+	7118.3)	/	2 )
=	15162.6	/	6796.5
=	2.23

Indian Metals & Ferro Alloys's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	3385.4	/ (	(7118.3	+	0)	/	1 )
=	3385.4	/	7118.3
=	0.48

Indian Metals & Ferro Alloys (BOM:533047) 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.

Indian Metals & Ferro Alloys's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	7118.3	/	3385.4	*	365 / 4
	=	191.87

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.

Indian Metals & Ferro Alloys's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	7118.3	/	6622.8
	=	1.07

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.

Indian Metals & Ferro Alloys Inventory Turnover Related Terms

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Indian Metals & Ferro Alloys Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Indian Metals & Ferro Alloys Ltd (BOM:533047) » Definitions » Inventory Turnover

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IMFA:India

Address

IMFA Building, Bomikhal, P.O. Rasulgarh, Bhubaneswar, OR, IND, 751010

Website

https://www.imfa.in

Indian Metals & Ferro Alloys Ltd operates in the ferroalloys business. Its business activity primarily functions through Ferro Alloys, Power, Mining, and Other segments. The company generates maximum revenue from Ferro Alloys segment. Its Ferro Alloys segment focuses on ferro chrome, which imparts the non-corrosive property to stainless steel. Geographically, it derives a majority of revenue from Outside India.

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