Venus Pipes & Tubes (BOM:543528) Inventory Turnover : 0.51 (As of Dec. 2024)

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What is Venus Pipes & Tubes 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. Venus Pipes & Tubes's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹1,553 Mil. Venus Pipes & Tubes's Average Total Inventories for the quarter that ended in Dec. 2024 was ₹3,050 Mil. Venus Pipes & Tubes's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Venus Pipes & Tubes's Days Inventory for the three months ended in Dec. 2024 was 179.19.

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. Venus Pipes & Tubes's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.32.

Venus Pipes & Tubes Inventory Turnover Historical Data

The historical data trend for Venus Pipes & Tubes'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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Venus Pipes & Tubes Inventory Turnover Chart

Venus Pipes & Tubes Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.90

5.91

4.58

3.41

2.93

Venus Pipes & Tubes Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial													0.76	0.68	0.71	0.50	0.51

Venus Pipes & Tubes Inventory Turnover Calculation

Venus Pipes & Tubes'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 )
=	5752.93	/ (	(1669.44	+	2259.35)	/	2 )
=	5752.93	/	1964.395
=	2.93

Venus Pipes & Tubes's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	1553.13	/ (	(3049.95	+	0)	/	1 )
=	1553.13	/	3049.95
=	0.51

Venus Pipes & Tubes (BOM:543528) 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.

Venus Pipes & Tubes's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	3049.95	/	1553.13	*	365 / 4
	=	179.19

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.

Venus Pipes & Tubes's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	3049.95	/	2313.03
	=	1.32

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.

Venus Pipes & Tubes Inventory Turnover Related Terms

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Venus Pipes & Tubes Business Description

Industry

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VENUSPIPES:India

Address

Sector 1/A, Plot no. 275, Tripada Complex, Near Mamlatdar Office, Gandhidham, GJ, IND, 370201

Website

https://www.venuspipes.com

Venus Pipes & Tubes Ltd is a manufacturer and exporter of stainless steel pipes and tubes. It manufactures stainless steel tube products in two broad categories namely seamless tubes/pipes and welded tubes/pipes under which five categories of products are manufactured namely, stainless steel high precision and heat exchanger tubes, stainless steel hydraulic and instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes and stainless steel lsaw pipes. The company distributes its products through direct supply, traders, stockists, and selected marketing representatives. Geographically, it derives a majority of its revenue from India and also engages in exporting its products to other countries.

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