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Atmastco (NSE:ATMASTCO) Inventory Turnover : 1.59 (As of Mar. 2024)


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What is Atmastco 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. Atmastco's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹1,485 Mil. Atmastco's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹937 Mil. Atmastco's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Atmastco's Days Inventory for the six months ended in Mar. 2024 was 115.14.

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. Atmastco's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.42.

Atmastco Inventory Turnover Historical Data

The historical data trend for Atmastco'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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Atmastco Inventory Turnover Chart

Atmastco Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Inventory Turnover
1.00 1.38 2.42 1.59

Atmastco Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
Inventory Turnover 1.00 1.38 2.42 1.59

Atmastco Inventory Turnover Calculation

Atmastco'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 )
=1484.855 / ((961.655 + 911.877) / 2 )
=1484.855 / 936.766
=1.59

Atmastco'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: Mar. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count )
=1484.855 / ((961.655 + 911.877) / 2 )
=1484.855 / 936.766
=1.59

* 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.

Atmastco  (NSE:ATMASTCO) 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.

Atmastco's Days Inventory for the six 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
=936.766/1484.855*365 / 2
=115.14

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.

Atmastco'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 )
=936.766 / 2240.057
=0.42

* 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.

Atmastco Inventory Turnover Related Terms

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Atmastco Business Description

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Address
Nandini Road, 157-158, Light Industrial Area, Opp. Karuna Hospital, Durg, Bhilai, CT, IND, 490026
Website
https://www.atmastco.com
Atmastco Ltd is engaged in the business of executing turnkey/engineering procurement and construction company (EPC) contracts in ferrous and non-ferrous sector and providing end-to-end solutions offering multi-disciplinary services and project management solutions. It is also into design, manufacturing and supply of precision equipment's and heavy fabrication structures for various industrial use and other incomes such as Ceiling Girder, Railway Girder, Columns & Bracings, Bolted Structures, Equipment's and Pressure ducts, Box Columns etc.

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