Electrosteel Castings (NSE:ELECTCAST) Inventory Turnover : 0.35 (As of Dec. 2024)

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What is Electrosteel Castings 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. Electrosteel Castings's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹8,557 Mil. Electrosteel Castings's Average Total Inventories for the quarter that ended in Dec. 2024 was ₹24,365 Mil. Electrosteel Castings's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Electrosteel Castings's Days Inventory for the three months ended in Dec. 2024 was 259.83.

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. Electrosteel Castings's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.37.

Electrosteel Castings Inventory Turnover Historical Data

The historical data trend for Electrosteel Castings'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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Electrosteel Castings Inventory Turnover Chart

Electrosteel Castings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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1.84

2.01

1.83

2.14

2.07

Electrosteel Castings Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.37	0.85	0.45	0.37	0.35

Electrosteel Castings Inventory Turnover Calculation

Electrosteel Castings'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 )
=	47001.203	/ (	(22692.082	+	22734.916)	/	2 )
=	47001.203	/	22713.499
=	2.07

Electrosteel Castings's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	8556.584	/ (	(24364.502	+	0)	/	1 )
=	8556.584	/	24364.502
=	0.35

Electrosteel Castings (NSE:ELECTCAST) 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.

Electrosteel Castings's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	24364.502	/	8556.584	*	365 / 4
	=	259.83

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.

Electrosteel Castings's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	24364.502	/	17766.646
	=	1.37

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.

Electrosteel Castings Inventory Turnover Related Terms

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Electrosteel Castings Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Electrosteel Castings Ltd (NSE:ELECTCAST) » Definitions » Inventory Turnover

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500128:India

Address

19, Camac Street, G.K. Tower, Kolkata, WB, IND, 700017

Website

https://www.electrosteel.com

Electrosteel Castings Ltd is a pipeline solution provider. The business activity of the firm is the manufacturing of ductile iron pipes, fittings, and cast-iron pipes. It offers a range of pipes which includes DI pipes, Electrolock pipes, and DI flanged pipes among others. In addition, it also produces Pig Iron, Metallurgical Coke, Sponge Iron, Sinter, Cement, Ferro products, Paint and Power. The company has one reportable segment namely, Pipes and Fittings, and all other activities revolve around the main business. Geographically, it derives a majority of its revenue within India and also has its presence in international markets through exports of its products.

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