Shantidoot Infra Services (BOM:543598) Inventory Turnover : 2.80 (As of Mar. 2024)

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What is Shantidoot Infra Services 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. Shantidoot Infra Services's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹51.5 Mil. Shantidoot Infra Services's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹18.4 Mil. Shantidoot Infra Services's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shantidoot Infra Services's Days Inventory for the six months ended in Mar. 2024 was 65.20.

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. Shantidoot Infra Services's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.27.

Shantidoot Infra Services Inventory Turnover Historical Data

The historical data trend for Shantidoot Infra Services'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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Shantidoot Infra Services Inventory Turnover Chart

Shantidoot Infra Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

37.32

65.18

6.75

6.07

5.22

Shantidoot Infra Services Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial			-	2.65	3.47	1.55	2.80

Shantidoot Infra Services Inventory Turnover Calculation

Shantidoot Infra Services'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 )
=	74.505	/ (	(10.693	+	17.849)	/	2 )
=	74.505	/	14.271
=	5.22

Shantidoot Infra Services'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	51.543	/ (	(18.978	+	17.849)	/	2 )
=	51.543	/	18.4135
=	2.80

Shantidoot Infra Services (BOM:543598) 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.

Shantidoot Infra Services's Days Inventory for the six 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
	=	18.4135	/	51.543	*	365 / 2
	=	65.20

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.

Shantidoot Infra Services'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 )
	=	18.4135	/	67.382
	=	0.27

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.

Shantidoot Infra Services Inventory Turnover Related Terms

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Shantidoot Infra Services (BOM:543598) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shantidoot Infra Services Ltd (BOM:543598) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Patliputra Colony, House No. 221, 2nd floor, Patna, BR, IND, 800013

Website

https://www.shantidootinfra.com

Shantidoot Infra Services Ltd is a specialized provider of construction services to the education, healthcare and hospitality sectors. Apart from undertaking new projects the company also carry out projects of re-designing, re-modeling and renovating institutions as per the need of clients. It categorize projects mainly into two segments namely Government sector and Private sector. It is also focused primarily on construction and development of residential and commercial projects, in and around Bihar. The company secure private sector contracts, in general, through one-to-one negotiation and Government contracts through bids as per the public notice issued by government departments.

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