Crescent Steel & Allied Products (KAR:CSAP) Inventory Turnover : 0.54 (As of Sep. 2024)

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What is Crescent Steel & Allied Products 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. Crescent Steel & Allied Products's Cost of Goods Sold for the three months ended in Sep. 2024 was ₨920 Mil. Crescent Steel & Allied Products's Average Total Inventories for the quarter that ended in Sep. 2024 was ₨1,697 Mil. Crescent Steel & Allied Products's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Crescent Steel & Allied Products's Days Inventory for the three months ended in Sep. 2024 was 168.33.

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. Crescent Steel & Allied Products's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.49.

Crescent Steel & Allied Products Inventory Turnover Historical Data

The historical data trend for Crescent Steel & Allied Products'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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Crescent Steel & Allied Products Inventory Turnover Chart

Crescent Steel & Allied Products Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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2.28

3.66

5.18

2.52

3.74

Crescent Steel & Allied Products Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.55	0.93	0.49	1.08	0.54

Crescent Steel & Allied Products Inventory Turnover Calculation

Crescent Steel & Allied Products's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	6475.244	/ (	(1608.674	+	1852.562)	/	2 )
=	6475.244	/	1730.618
=	3.74

Crescent Steel & Allied Products'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: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	919.809	/ (	(1852.562	+	1541.033)	/	2 )
=	919.809	/	1696.7975
=	0.54

Crescent Steel & Allied Products (KAR:CSAP) 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.

Crescent Steel & Allied Products's Days Inventory for the three 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
	=	1696.7975	/	919.809	*	365 / 4
	=	168.33

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.

Crescent Steel & Allied Products'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 )
	=	1696.7975	/	1139.214
	=	1.49

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.

Crescent Steel & Allied Products Inventory Turnover Related Terms

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Crescent Steel & Allied Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Crescent Steel & Allied Products Ltd (KAR:CSAP) » Definitions » Inventory Turnover

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Address

9th Floor, Sidco Avenue Centre, 264 R.A. Lines, Karachi, SD, PAK, 74200

Website

https://www.crescent.com.pk

Crescent Steel & Allied Products Ltd has diversified businesses. The company's operating segment includes Steel; Cotton; Energy and Hadeed (Billet) Segment. The steel segment comprises of manufacturing and coating of steel pipes which generates maximum revenue. Geographically, it derives a majority of revenue from Pakistan.

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