Vaswani Industries (BOM:533576) Inventory Turnover : 1.53 (As of Mar. 2024)

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What is Vaswani 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. Vaswani Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹705 Mil. Vaswani Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹461 Mil. Vaswani Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vaswani Industries's Days Inventory for the three months ended in Mar. 2024 was 59.73.

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. Vaswani Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.51.

Vaswani Industries Inventory Turnover Historical Data

The historical data trend for Vaswani 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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Vaswani Industries Inventory Turnover Chart

Vaswani Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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7.42

6.92

8.07

7.17

6.55

Vaswani Industries Quarterly Data
	Jun19	Sep19	Dec19	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															1.60	1.53	1.11	1.55	1.53

Vaswani Industries Inventory Turnover Calculation

Vaswani 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 )
=	3115.966	/ (	(490.092	+	461.475)	/	2 )
=	3115.966	/	475.7835
=	6.55

Vaswani Industries'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 )
=	704.941	/ (	(0	+	461.475)	/	1 )
=	704.941	/	461.475
=	1.53

Vaswani Industries (BOM:533576) 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.

Vaswani Industries'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
	=	461.475	/	704.941	*	365 / 4
	=	59.73

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.

Vaswani Industries'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 )
	=	461.475	/	903.61
	=	0.51

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.

Vaswani Industries Inventory Turnover Related Terms

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Vaswani Industries (BOM:533576) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Vaswani Industries Ltd (BOM:533576) » Definitions » Inventory Turnover

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VASWANI:India

Address

Bahesar Road, Near cycle Park, Village Sondra, Phase II, Industrial Area, Siltara, Raipur, CT, IND, 493 221

Website

http://www.vaswaniindustries.com

Vaswani Industries Ltd is engaged in the business of manufacturing and trading of Sponge Iron, Steel Billets, HB Wires, Iron Ore Pellets and generation of Power. Its business segments are Iron and steel; Power; Real estate and Agri division, of which key revenue is derived from the Iron and Steel segment. The company sells its products within India.

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