Man Industries (India) (NSE:MANINDS) Inventory Turnover : 0.99 (As of Mar. 2024)

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What is Man Industries (India) 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. Man Industries (India)'s Cost of Goods Sold for the three months ended in Mar. 2024 was ₹6,400 Mil. Man Industries (India)'s Average Total Inventories for the quarter that ended in Mar. 2024 was ₹6,456 Mil. Man Industries (India)'s Inventory Turnover for the quarter that ended in Mar. 2024 was 0.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Man Industries (India)'s Days Inventory for the three months ended in Mar. 2024 was 92.06.

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. Man Industries (India)'s Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.80.

Man Industries (India) Inventory Turnover Historical Data

The historical data trend for Man Industries (India)'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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Man Industries (India) Inventory Turnover Chart

Man Industries (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.57

4.25

5.40

8.07

6.27

Man Industries (India) Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															3.79	2.73	1.16	0.91	0.99

Man Industries (India) Inventory Turnover Calculation

Man Industries (India)'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 )
=	24034.8	/ (	(1207.956	+	6456.3)	/	2 )
=	24034.8	/	3832.128
=	6.27

Man Industries (India)'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: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	6399.8	/ (	(0	+	6456.3)	/	1 )
=	6399.8	/	6456.3
=	0.99

Man Industries (India) (NSE:MANINDS) 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.

Man Industries (India)'s Days Inventory for the three 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
	=	6456.3	/	6399.8	*	365 / 4
	=	92.06

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.

Man Industries (India)'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 )
	=	6456.3	/	8106.8
	=	0.80

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.

Man Industries (India) Inventory Turnover Related Terms

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Man Industries (India) (NSE:MANINDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Man Industries (India) Ltd (NSE:MANINDS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

513269:India

Address

MAN House, 101, S.V. Road, Opposite Pawan Hans, Vile Parle (West), Mumbai, MH, IND, 400056

Website

https://www.mangroup.com

Man Industries (India) Ltd is the manufacturer and exporter of large diameter carbon steel submerged arc welded pipes in India. It offers the product which includes longitudinal submerged arc welded (LSAW) pipes, spiral or helical submerged arc welded pipes, casting pipes with end connectors at both ends and all types of anti-corrosion coatings. In addition, it also caters to its international clients in the oil and gas industry, petrochemicals, water, dredging, fertilizers and part of infrastructure projects.

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