Godawari Power & Ispat (NSE:GPIL) Inventory Turnover : 0.85 (As of Sep. 2024)

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What is Godawari Power & Ispat 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. Godawari Power & Ispat's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹7,167 Mil. Godawari Power & Ispat's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹8,481 Mil. Godawari Power & Ispat's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Godawari Power & Ispat's Days Inventory for the three months ended in Sep. 2024 was 107.98.

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. Godawari Power & Ispat's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.67.

Godawari Power & Ispat Inventory Turnover Historical Data

The historical data trend for Godawari Power & Ispat'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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Godawari Power & Ispat Inventory Turnover Chart

Godawari Power & Ispat Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.88

4.34

4.25

4.78

4.23

Godawari Power & Ispat Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.82	0.85	1.68	0.74	0.85

Godawari Power & Ispat Inventory Turnover Calculation

Godawari Power & Ispat'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 )
=	36166.653	/ (	(8107.896	+	9003.063)	/	2 )
=	36166.653	/	8555.4795
=	4.23

Godawari Power & Ispat's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	7166.7	/ (	(0	+	8481)	/	1 )
=	7166.7	/	8481
=	0.85

Godawari Power & Ispat (NSE:GPIL) 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.

Godawari Power & Ispat's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	8481	/	7166.7	*	365 / 4
	=	107.98

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.

Godawari Power & Ispat's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	8481	/	12675.7
	=	0.67

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.

Godawari Power & Ispat Inventory Turnover Related Terms

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Godawari Power & Ispat Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Godawari Power & Ispat Ltd (NSE:GPIL) » Definitions » Inventory Turnover

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532734:India

Address

Hira Arcade, First Floor, Near New Bus Stand, Pandri, Raipur, CT, IND, 492004

Website

http://www.godawaripowerispat.com

Godawari Power & Ispat Ltd is an India-based fully integrated steel company with a presence across the steel value chain extending from iron ore mining to iron ore pellets and value-added steel products. The company has a single primary business segment Iron and Steel which includes captive power, as the captive power generated by the company is used for the production process of iron and steel. The group operates in India. The products offered by the group are Pellets, Sponge iron, Iron and steel billets, Wire rods, Hard black wires, Ferro-alloys, and others.

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