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Siyaram Recycling Industries (BOM:544047) Inventory Turnover : 1.55 (As of Sep. 2024)


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What is Siyaram Recycling 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. Siyaram Recycling Industries's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹2,176 Mil. Siyaram Recycling Industries's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹1,404 Mil. Siyaram Recycling Industries's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Siyaram Recycling Industries's Days Inventory for the six months ended in Sep. 2024 was 117.78.

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. Siyaram Recycling Industries's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.57.


Siyaram Recycling Industries Inventory Turnover Historical Data

The historical data trend for Siyaram Recycling 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.

* Premium members only.

Siyaram Recycling Industries Inventory Turnover Chart

Siyaram Recycling Industries Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Inventory Turnover
3.19 8.68 7.34 3.91

Siyaram Recycling Industries Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24
Inventory Turnover Get a 7-Day Free Trial - - 2.25 1.77 1.55

Siyaram Recycling Industries Inventory Turnover Calculation

Siyaram Recycling Industries'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 )
=3846.846 / ((775.517 + 1192.754) / 2 )
=3846.846 / 984.1355
=3.91

Siyaram Recycling Industries'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 )
=2176.034 / ((1192.754 + 1616.053) / 2 )
=2176.034 / 1404.4035
=1.55

* 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.


Siyaram Recycling Industries  (BOM:544047) 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.

Siyaram Recycling Industries'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
=1404.4035/2176.034*365 / 2
=117.78

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.

Siyaram Recycling Industries'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 )
=1404.4035 / 2456.661
=0.57

* 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.


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.


Siyaram Recycling Industries Inventory Turnover Related Terms

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Siyaram Recycling Industries Business Description

Traded in Other Exchanges
N/A
Address
Plot No. 6 & 7, Village: Lakhabaval Post: Khodiyar Colony, Jamnagar, GJ, IND, 361006
Siyaram Recycling Industries Ltd is primarily engaged in the segregation of brass scrap, manufacturing of brass ingots, billets and brass rods and manufacturing of brass-based components such as plumbing and sanitary parts. The company also manufactures brass ingots, billets and rods through brass scrap and is mainly exported to China. Additionally, it supplies brass ingots to esteemed customers in India such as Astral Limited, Kajaria Bathware and AGI Greenpac. It procures brass scrap mainly from international market such as USA, UK, Europe and Middle East. Post procurement, segregation of brass is done and is mainly sold by in Gujarat.

Siyaram Recycling Industries Headlines

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