Prakash Steelage (NSE:PRAKASHSTL) Inventory Turnover : 0.81 (As of Jun. 2024)

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What is Prakash Steelage 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. Prakash Steelage's Cost of Goods Sold for the three months ended in Jun. 2024 was ₹143.6 Mil. Prakash Steelage's Average Total Inventories for the quarter that ended in Jun. 2024 was ₹176.3 Mil. Prakash Steelage's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Prakash Steelage's Days Inventory for the three months ended in Jun. 2024 was 112.05.

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. Prakash Steelage's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.05.

Prakash Steelage Inventory Turnover Historical Data

The historical data trend for Prakash Steelage'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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Prakash Steelage Inventory Turnover Chart

Prakash Steelage Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.41

2.08

2.10

4.71

5.61

Prakash Steelage Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															1.43	1.87	1.97	1.42	0.81

Prakash Steelage Inventory Turnover Calculation

Prakash Steelage'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 )
=	932.971	/ (	(156.171	+	176.323)	/	2 )
=	932.971	/	166.247
=	5.61

Prakash Steelage's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	143.598	/ (	(176.323	+	0)	/	1 )
=	143.598	/	176.323
=	0.81

Prakash Steelage (NSE:PRAKASHSTL) 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.

Prakash Steelage's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	176.323	/	143.598	*	365 / 4
	=	112.05

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.

Prakash Steelage's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	176.323	/	167.698
	=	1.05

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.

Prakash Steelage Inventory Turnover Related Terms

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Prakash Steelage Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Prakash Steelage Ltd (NSE:PRAKASHSTL) » Definitions » Inventory Turnover

Traded in Other Exchanges

533239:India

Address

28, Sindhi Lane, Nanubhai Desai Road, 101, 1st Floor, Shatrunjay Apartment, Mumbai, MH, IND, 400 004

Website

https://www.prakashsteelage.com

Prakash Steelage Ltd is a company, which is predominantly related to the manufacturing and trading of stainless steel tubes and pipes. Its products are available in various conditions, such as welded, Annealed/Unanneled, Bright Annealed, Annealed and Pickled, U-Bent, Bead Rolled, and Straight Lengths. Geographically all the business activity of the group is operated through the region of India.

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