Shish Industries (BOM:540693) Inventory Turnover : 0.84 (As of Mar. 2025)

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What is Shish 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. Shish Industries's Cost of Goods Sold for the three months ended in Mar. 2025 was ₹256 Mil. Shish Industries's Average Total Inventories for the quarter that ended in Mar. 2025 was ₹303 Mil. Shish Industries's Inventory Turnover for the quarter that ended in Mar. 2025 was 0.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shish Industries's Days Inventory for the three months ended in Mar. 2025 was 108.16.

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. Shish Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.85.

Shish Industries Inventory Turnover Historical Data

The historical data trend for Shish 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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Shish Industries Inventory Turnover Chart

Shish Industries Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Inventory Turnover

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4.25

5.62

5.30

4.56

3.17

Shish Industries Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial															0.83	0.86	0.44	0.83	0.84

Shish Industries Inventory Turnover Calculation

Shish Industries's Inventory Turnover for the fiscal year that ended in Mar. 2025 is calculated as

	Inventory Turnover (A: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2025 )	/ (	(Total Inventories (A: Mar. 2024 )	+	Total Inventories (A: Mar. 2025 ))	/	count )
=	726.57	/ (	(155.179	+	303.397)	/	2 )
=	726.57	/	229.288
=	3.17

Shish Industries's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	255.953	/ (	(0	+	303.397)	/	1 )
=	255.953	/	303.397
=	0.84

Shish Industries (BOM:540693) 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.

Shish Industries's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	303.397	/	255.953	*	365 / 4
	=	108.16

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.

Shish Industries's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	303.397	/	355.093
	=	0.85

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.

Shish Industries Inventory Turnover Related Terms

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Shish Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Shish Industries Ltd (BOM:540693) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Varachha Road, TP No.4, RS No.11 Paiki, 12-13 B, Paiki, Plot C 1st Floor of 11, 12 Suryapur Mill Compound, Surat, GJ, IND, 395006

Website

https://www.shishindustries.com

Shish Industries Ltd is a manufacturer of plastic corrugated sheets. It also manufactures Saffguard and Stagguard which is a twin wall or Multi-Wall Boards made from plastic resin. The company's products include Polypropylene Corrugated Sheet, Reflective Insulation Product- Carmika, dunnage bags, water tank insulation cover, Sticky traps, Insulation Cover, Cooler Bags, and Others. The company is primarily engaged in the business of Corrugated Plastic Sheets which constitute a single reportable segment.

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