Ashapura Minechem (NSE:ASHAPURMIN) Inventory Turnover: 0.93 (As of Mar. 2026)

What is Ashapura Minechem Inventory Turnover?

Ashapura Minechem NSE:ASHAPURMIN +1.45% 81 Inventory Turnover is 0.93 as of Mar. 2026. GuruFocus rates NSE:ASHAPURMIN with a GF Score™ of 81/100 and a GF Value™ of ₹765.58 (Modestly Undervalued). The stock has 3 warning signs investors should review.

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. Ashapura Minechem's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹5,451 Mil. Ashapura Minechem's Average Total Inventories for the quarter that ended in Mar. 2026 was ₹5,848 Mil. Ashapura Minechem's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ashapura Minechem's Days Inventory for the three months ended in Mar. 2026 was 97.89.

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. Ashapura Minechem's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.30.

Ashapura Minechem (NSE:ASHAPURMIN) 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.

Ashapura Minechem's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	5847.5	/	5450.9	*	365 / 4
	=	97.89

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.

Ashapura Minechem's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	5847.5	/	19686.3
	=	0.30

* 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.

Ashapura Minechem Inventory Turnover Related Terms

Ashapura Minechem Inventory Turnover Historical Data

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The historical data trend for Ashapura Minechem's Inventory Turnover can be seen below:

Ashapura Minechem Inventory Turnover Chart

Ashapura Minechem Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Inventory Turnover

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1.57

1.48

1.44

1.34

2.46

Ashapura Minechem Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															0.24	0.65	0.51	0.59	0.93

81GF Score

Ashapura Minechem Ltd NSE:ASHAPURMIN

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Ashapura Minechem Inventory Turnover Calculation

Ashapura Minechem's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

	Inventory Turnover (A: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2026 )	/ (	(Total Inventories (A: Mar. 2025 )	+	Total Inventories (A: Mar. 2026 ))	/	count )
=	15247.3	/ (	(6543.303	+	5847.5)	/	2 )
=	15247.3	/	6195.4015
=	2.46

Ashapura Minechem's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	5450.9	/ (	(0	+	5847.5)	/	1 )
=	5450.9	/	5847.5
=	0.93

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.93 mean?

Ashapura Minechem (NSE:ASHAPURMIN) has a Inventory Turnover of 0.93 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Ashapura Minechem and its competitors.

Is Ashapura Minechem's Inventory Turnover too high?

Ashapura Minechem's current Inventory Turnover is 0.93. Overall, Ashapura Minechem has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Ashapura Minechem's Inventory Turnover compare to competitors?

Ashapura Minechem's Inventory Turnover of 0.93 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Metals & Mining company?

A good Inventory Turnover depends on the Metals & Mining industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Ashapura Minechem and its competitors. Ashapura Minechem's current Inventory Turnover is 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Ashapura Minechem stock overvalued right now?

Based on GuruFocus' analysis, Ashapura Minechem (NSE:ASHAPURMIN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹765.58, compared to a current price of ₹646.35 — trading 15.6% below its estimated fair value. The current Inventory Turnover is 0.93. Ashapura Minechem's overall GF Score™ is 81/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Ashapura Minechem (NSE:ASHAPURMIN), the current Inventory Turnover is 0.93 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ashapura Minechem (NSE:ASHAPURMIN) Overvalued in 2026?

Based on GuruFocus' analysis, Ashapura Minechem stock appears to be undervalued. The current stock price of ₹646.35 is trading 15.6% below its estimated GF Value™ of ₹765.58. GuruFocus considers Ashapura Minechem to be Modestly Undervalued.

Key valuation signals for NSE:ASHAPURMIN:

Inventory Turnover: 0.93
GF Value™: ₹765.58 vs. price of ₹646.35 (15.6% below fair value)
GF Score™: 81/100 with 3 warning signs

No single metric tells the full story. See the NSE:ASHAPURMIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ashapura Minechem Business Description

Industry Basic Materials Metals & Mining

Comparable Companies BOM:533286 BOM:533047 BOM:544138 BOM:512014 BOM:544537 BOM:533022 BOM:530129 NSE:VISHNUINFR BOM:502015 NSE:OWAIS ASX:BHP ASX:RIO LSE:RIO MEX:GMEXICOB LSE:GLEN BSP:VALE3 SAU:1211 LSE:AAL HKSE:03993 ASX:FMG

Other Exchanges 527001:India

Address Dr. D. N. Road, 278, Jeeven Udyog Building, 3rd Floor, Fort, Mumbai, MH, IND, 400001

Website https://www.ashapura.com

Ashapura Minechem Ltd is engaged in the mining, manufacturing, and trading of various minerals and their derivative products, and related services. The primary products of the company include bentonite, bauxite, kaolin, Calcined China Clay (CCC), and Ground Calcium Carbonate (GCC). The group has a single segment: Minerals and its derivative products. The majority of its revenue is generated through exports.

81GF Score

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₹646.35

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₹765.58

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