Mishra Dhatu Nigam (BOM:541195) Inventory Turnover : 0.04 (As of Jun. 2024)

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What is Mishra Dhatu Nigam 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. Mishra Dhatu Nigam's Cost of Goods Sold for the three months ended in Jun. 2024 was ₹470 Mil. Mishra Dhatu Nigam's Average Total Inventories for the quarter that ended in Jun. 2024 was ₹13,097 Mil. Mishra Dhatu Nigam's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mishra Dhatu Nigam's Days Inventory for the three months ended in Jun. 2024 was 2,543.31.

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. Mishra Dhatu Nigam's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 8.39.

Mishra Dhatu Nigam Inventory Turnover Historical Data

The historical data trend for Mishra Dhatu Nigam'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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Mishra Dhatu Nigam Inventory Turnover Chart

Mishra Dhatu Nigam Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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0.24

0.29

0.24

0.19

0.40

Mishra Dhatu Nigam 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															0.04	0.06	0.08	0.20	0.04

Mishra Dhatu Nigam Inventory Turnover Calculation

Mishra Dhatu Nigam'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 )
=	5053.235	/ (	(12248.437	+	13097.181)	/	2 )
=	5053.235	/	12672.809
=	0.40

Mishra Dhatu Nigam'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 )
=	469.907	/ (	(13097.181	+	0)	/	1 )
=	469.907	/	13097.181
=	0.04

Mishra Dhatu Nigam (BOM:541195) 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.

Mishra Dhatu Nigam'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
	=	13097.181	/	469.907	*	365 / 4
	=	2,543.31

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.

Mishra Dhatu Nigam'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 )
	=	13097.181	/	1560.53
	=	8.39

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.

Mishra Dhatu Nigam Inventory Turnover Related Terms

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Mishra Dhatu Nigam Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mishra Dhatu Nigam Ltd (BOM:541195) » Definitions » Inventory Turnover

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MIDHANI:India

Address

P.O. Kanchanbagh, Hyderabad, TG, IND, 500058

Website

http://www.midhani-india.in

Mishra Dhatu Nigam Ltd is engaged in the business of manufacturing of superalloys, titanium, special purpose steel, and other special metals. The Company is in the business of manufacturing of super alloys and other special metals which constitutes as their single reportable segment. The firm's product offerings include superalloys, electrical and electronic alloys, armour products, moly products, and other related products. In addition, it provides testing, evaluation and consulting services.

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