Owais Metal and Mineral Processing (NSE:OWAIS) Inventory Turnover : 3.58 (As of Mar. 2024)

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What is Owais Metal and Mineral Processing 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. Owais Metal and Mineral Processing's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹560.2 Mil. Owais Metal and Mineral Processing's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹156.5 Mil. Owais Metal and Mineral Processing's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Owais Metal and Mineral Processing's Days Inventory for the six months ended in Mar. 2024 was 50.98.

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. Owais Metal and Mineral Processing's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.20.

Owais Metal and Mineral Processing Inventory Turnover Historical Data

The historical data trend for Owais Metal and Mineral Processing'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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Owais Metal and Mineral Processing Inventory Turnover Chart

Owais Metal and Mineral Processing Annual Data

Trend

Mar23

Mar24

Inventory Turnover

3.58

Owais Metal and Mineral Processing Semi-Annual Data
	Mar23	Mar24
Inventory Turnover	-	3.58

Owais Metal and Mineral Processing Inventory Turnover Calculation

Owais Metal and Mineral Processing'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 )
=	560.153	/ (	(0	+	156.475)	/	1 )
=	560.153	/	156.475
=	3.58

Owais Metal and Mineral Processing'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 )
=	560.153	/ (	(0	+	156.475)	/	1 )
=	560.153	/	156.475
=	3.58

Owais Metal and Mineral Processing (NSE:OWAIS) 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.

Owais Metal and Mineral Processing'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
	=	156.475	/	560.153	*	365 / 2
	=	50.98

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.

Owais Metal and Mineral Processing'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 )
	=	156.475	/	800.473
	=	0.20

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.

Owais Metal and Mineral Processing Inventory Turnover Related Terms

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Owais Metal and Mineral Processing Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Owais Metal and Mineral Processing Ltd (NSE:OWAIS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

C/o Sayyad Akhtar Ali Vahid Nagar, Old Baipass Road NA, Ahinsa Gram Old Jaora, Ratlam, MP, IND, 457001

Website

https://www.ommpl.com

Owais Metal and Mineral Processing Ltd is a company engaged as a manufacturer and processor of various metals and minerals. diversified across the broad spectrum of natural resources with main interests in manufacturing and processing metal and minerals. The company is engaged in the manufacturing and processing of the following products which are Manganese Oxide (MNO), MC Ferro Manganese, Manufacturing Wood Charcoal, and Processing of Minerals such as Ferro Alloy, Quartz, and Manganese Ores. Its products like Manganese Oxide are used in the fertilizer industry and are also used by Manganese Sulphate Plants.

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