Palco Metals (BOM:539121) Inventory Turnover : 3.16 (As of Mar. 2024)

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What is Palco Metals 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. Palco Metals's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹554 Mil. Palco Metals's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹175 Mil. Palco Metals's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Palco Metals's Days Inventory for the three months ended in Mar. 2024 was 28.91.

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. Palco Metals's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.29.

Palco Metals Inventory Turnover Historical Data

The historical data trend for Palco Metals'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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Palco Metals Inventory Turnover Chart

Palco Metals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.87

9.34

14.55

13.14

12.61

Palco Metals 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															2.60	3.23	3.05	3.90	3.16

Palco Metals Inventory Turnover Calculation

Palco Metals'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 )
=	1819.665	/ (	(113.192	+	175.337)	/	2 )
=	1819.665	/	144.2645
=	12.61

Palco Metals'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 )
=	553.507	/ (	(0	+	175.337)	/	1 )
=	553.507	/	175.337
=	3.16

Palco Metals (BOM:539121) 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.

Palco Metals'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
	=	175.337	/	553.507	*	365 / 4
	=	28.91

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.

Palco Metals'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 )
	=	175.337	/	607.225
	=	0.29

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.

Palco Metals Inventory Turnover Related Terms

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Palco Metals (BOM:539121) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Palco Metals Ltd (BOM:539121) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

CTM- Ramol Road, Block No. 1715, Saiprasad Industrial Park-II, Besides Ramol Police Station, Ramol, Ahmedabad, GJ, IND, 382449

Website

http://www.palcometals.com

Palco Metals Ltd is an India-based company. The company is engaged in manufacturing wire rods of various grades, conductors, and cables. Its product includes Aluminum Ingot; Aluminum Notch Bar; Aluminum Cubes; Aluminum Shots; Aluminum Powder; Aluminum Alloys; EC Grade Wire Rod; Alloy Grade for Conductors; Commercial Alloys Grade Wire Rod for Steel Plants; All Aluminum Conductor (AAC); Aluminum Conductor Steel Reinforced (ACSR) Conductor; All Aluminum Alloy Conductor (AAAC); PALCO PVC Cables; Industrial Power Cables; House Wiring Cables; Industrial Control Cables; FRLS (flame retardant low smoke cables) Cables; Flexible Cables; Flat Cables and XLPE Cables.

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