International Industries (KAR:INIL) Inventory Turnover : 0.73 (As of Mar. 2024)

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What is International 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. International Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₨22,532 Mil. International Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was ₨30,900 Mil. International Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. International Industries's Days Inventory for the three months ended in Mar. 2024 was 125.14.

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. International Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.22.

International Industries Inventory Turnover Historical Data

The historical data trend for International 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.

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International Industries Inventory Turnover Chart

International Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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2.64

2.35

2.93

2.72

2.13

International Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.83	0.57	0.75	0.77	0.73

International Industries Inventory Turnover Calculation

International Industries's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	85727.414	/ (	(46869.867	+	33779.245)	/	2 )
=	85727.414	/	40324.556
=	2.13

International Industries'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: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	22532.233	/ (	(30641.639	+	31159.109)	/	2 )
=	22532.233	/	30900.374
=	0.73

International Industries (KAR:INIL) 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.

International Industries's Days Inventory for the three 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
	=	30900.374	/	22532.233	*	365 / 4
	=	125.14

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.

International Industries'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 )
	=	30900.374	/	25233.627
	=	1.22

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.

International Industries Inventory Turnover Related Terms

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International Industries (KAR:INIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » International Industries Ltd (KAR:INIL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Beaumont Road, 101, Beaumont Plaza, Karachi, SD, PAK, 75530

Website

https://www.iil.com.pk

International Industries Ltd is a Pakistan-based company engaged in manufacturing and marketing steel pipes and tubes. It operates through three segments namely Steel, Polymer, and Investment. The company generates maximum revenue from the Steel segment. Geographically, it derives a majority of its revenue from Pakistan and also has a presence in Asia, Europe, Australia, Africa, and the Americas. The company's product includes Galvanized Iron Pipe (GI Pipe); IIL MS Sch 40; Cold Rolled Steel Tubing; Scaffolding Pipe (Safescaf); Megaflo 100 (HDPE Water Pipe); Flexflo 80/100 (MDPE Gas Pipe); Cosmo (SS 304); FORZA (SS 409) and others. Its product is used in Hotels; Shopping malls; Kitchen and restaurant equipment; Educational institutions; Resorts and farmhouses; Swimming pools; etc.

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