Ashoka Metcast (NSE:ASHOKAMET) Inventory Turnover : 0.47 (As of Sep. 2023)

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What is Ashoka Metcast 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. Ashoka Metcast's Cost of Goods Sold for the three months ended in Sep. 2023 was ₹154.9 Mil. Ashoka Metcast's Average Total Inventories for the quarter that ended in Sep. 2023 was ₹330.2 Mil. Ashoka Metcast's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ashoka Metcast's Days Inventory for the three months ended in Sep. 2023 was 194.46.

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. Ashoka Metcast's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.64.

Ashoka Metcast Inventory Turnover Historical Data

The historical data trend for Ashoka Metcast'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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Ashoka Metcast Inventory Turnover Chart

Ashoka Metcast Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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2.37

5.00

3.38

1.57

Ashoka Metcast Quarterly Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial												1.87	1.52	0.62	0.90	0.47

Ashoka Metcast Inventory Turnover Calculation

Ashoka Metcast's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	439.231	/ (	(241.95	+	318.674)	/	2 )
=	439.231	/	280.312
=	1.57

Ashoka Metcast's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	154.924	/ (	(318.674	+	341.65)	/	2 )
=	154.924	/	330.162
=	0.47

Ashoka Metcast (NSE:ASHOKAMET) 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.

Ashoka Metcast's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	330.162	/	154.924	*	365 / 4
	=	194.46

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.

Ashoka Metcast's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	330.162	/	201.314
	=	1.64

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.

Ashoka Metcast Inventory Turnover Related Terms

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Ashoka Metcast (NSE:ASHOKAMET) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ashoka Metcast Ltd (NSE:ASHOKAMET) » Definitions » Inventory Turnover

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540923:India

Address

Mithakhali Six Roads, 7th Floor, Ashoka Chambers, Opposite HCG Hospital, Mithakhali, Ahmedabad, GJ, IND, 380006

Website

http://www.ashokametcast.in

Ashoka Metcast Ltd is currently engaged in the trading of structural steel and goods. The company has two segments namely Steel Trading and Trading of Goods. The company products are Thermo-Mechanically Treated bars, Angle bars, Mild steel bars, and Steel channels.

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