Maiden Forgings (BOM:543874) Inventory Turnover : 1.37 (As of Sep. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Maiden Forgings 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. Maiden Forgings's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹936 Mil. Maiden Forgings's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹683 Mil. Maiden Forgings's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Maiden Forgings's Days Inventory for the six months ended in Sep. 2024 was 133.12.

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. Maiden Forgings's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.63.

Maiden Forgings Inventory Turnover Historical Data

The historical data trend for Maiden Forgings'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.

* Premium members only.

Maiden Forgings Inventory Turnover Chart

Maiden Forgings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

7.89

6.05

4.78

4.19

3.50

Maiden Forgings Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial			2.21	2.00	1.81	1.72	1.37

Maiden Forgings Inventory Turnover Calculation

Maiden Forgings'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 )
=	2065.204	/ (	(503.712	+	676.834)	/	2 )
=	2065.204	/	590.273
=	3.50

Maiden Forgings's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	935.964	/ (	(676.834	+	688.607)	/	2 )
=	935.964	/	682.7205
=	1.37

Maiden Forgings (BOM:543874) 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.

Maiden Forgings's Days Inventory for the six months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	682.7205	/	935.964	*	365 / 2
	=	133.12

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.

Maiden Forgings's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	682.7205	/	1090.875
	=	0.63

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.

Maiden Forgings Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Maiden Forgings's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Maiden Forgings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Maiden Forgings Ltd (BOM:543874) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

E 201 Kavi Nagar Industrial Area, Ghaziabad, UP, IND, 201002

Website

https://www.maidenforgings.in

Maiden Forgings Ltd is engaged in manufacturing and selling ferrous metal products including steel bright bars, wires, profiles, ground bars and nails (collated & loose).

Maiden Forgings Headlines

No Headlines