Ceranitaryware (NSE:CERA) Inventory Turnover: 0.89 (As of Mar. 2026)

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NSE:CERA Cera Sanitaryware Ltd NSE:CERA
88 GF Score
Price ₹6,021.00
GF Value ₹7,976.00
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Ceranitaryware Inventory Turnover?

Ceranitaryware NSE:CERA -1.38% 88 Inventory Turnover is 0.89 as of Mar. 2026. GuruFocus rates NSE:CERA with a GF Score™ of 88/100 and a GF Value™ of ₹7,976.00 (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. Ceranitaryware's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹3,510 Mil. Ceranitaryware's Average Total Inventories for the quarter that ended in Mar. 2026 was ₹3,958 Mil. Ceranitaryware's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ceranitaryware's Days Inventory for the three months ended in Mar. 2026 was 102.89.

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. Ceranitaryware's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.61.


Ceranitaryware  (NSE:CERA) 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.

Ceranitaryware'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
=3957.656/3509.992*365 / 4
=102.89

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.

Ceranitaryware'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 )
=3957.656 / 6438.158
=0.61

* 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.


Ceranitaryware Inventory Turnover Related Terms


Ceranitaryware Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Ceranitaryware'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.

Ceranitaryware Inventory Turnover Chart

Ceranitaryware Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.94 2.61 2.51 2.54 2.76

Ceranitaryware 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.70 0.49 0.55 0.57 0.89
NSE:CERA
88GF Score
Cera Sanitaryware Ltd NSE:CERA
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Ceranitaryware Inventory Turnover Calculation

Ceranitaryware'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 )
=11063.088 / ((4058.193 + 3957.656) / 2 )
=11063.088 / 4007.9245
=2.76

Ceranitaryware'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 )
=3509.992 / ((0 + 3957.656) / 1 )
=3509.992 / 3957.656
=0.89

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.89 mean?
Ceranitaryware (NSE:CERA) has a Inventory Turnover of 0.89 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Ceranitaryware and its competitors.
Is Ceranitaryware's Inventory Turnover too high?
Ceranitaryware's current Inventory Turnover is 0.89. Overall, Ceranitaryware has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ceranitaryware's Inventory Turnover compare to TT and JCI?
Ceranitaryware's Inventory Turnover of 0.89 can be compared against companies in the Construction 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 Construction company?
A good Inventory Turnover depends on the Construction 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 Ceranitaryware and its competitors. Ceranitaryware's current Inventory Turnover is 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ceranitaryware stock overvalued right now?
Based on GuruFocus' analysis, Ceranitaryware (NSE:CERA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹7,976.00, compared to a current price of ₹6,021.00 — trading 24.5% below its estimated fair value. The current Inventory Turnover is 0.89. Ceranitaryware's overall GF Score™ is 88/100 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 Ceranitaryware (NSE:CERA), the current Inventory Turnover is 0.89 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 Ceranitaryware (NSE:CERA) Overvalued in 2026?

Based on GuruFocus' analysis, Ceranitaryware stock appears to be undervalued. The current stock price of ₹6,021.00 is trading 24.5% below its estimated GF Value™ of ₹7,976.00. GuruFocus considers Ceranitaryware to be Modestly Undervalued.

Key valuation signals for NSE:CERA:

  • Inventory Turnover: 0.89
  • GF Value™: ₹7,976.00 vs. price of ₹6,021.00 (24.5% below fair value)
  • GF Score™: 88/100 with 3 warning signs

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


Ceranitaryware Business Description

Other Exchanges 532443:India
Address Ambli BRTS Road, ISKCON Cross Roads, 7th and 8th Floor, B Wing, Privilon, Ahmedabad, GJ, IND, 380 059
Cera Sanitaryware Ltd manufactures, markets, and distributes building products. Some of its products include wash basins, flushing systems, bath accessories, quarter turn, overhead showers, health faucets, bathroom allied products, bathroom accessories, mirrors, and others. Geographically the company has operations only in India.
88GF Score

Get the complete analysis for NSE:CERA

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹6,021.00
Price
₹7,976.00
GF Value