Ratnaveer Precision Engineering (NSE:RATNAVEER) Inventory Turnover : 0.57 (As of Mar. 2025)

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What is Ratnaveer Precision Engineering 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. Ratnaveer Precision Engineering's Cost of Goods Sold for the three months ended in Mar. 2025 was ₹1,675 Mil. Ratnaveer Precision Engineering's Average Total Inventories for the quarter that ended in Mar. 2025 was ₹2,928 Mil. Ratnaveer Precision Engineering's Inventory Turnover for the quarter that ended in Mar. 2025 was 0.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ratnaveer Precision Engineering's Days Inventory for the three months ended in Mar. 2025 was 159.50.

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. Ratnaveer Precision Engineering's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 1.44.

Ratnaveer Precision Engineering Inventory Turnover Historical Data

The historical data trend for Ratnaveer Precision Engineering'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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Ratnaveer Precision Engineering Inventory Turnover Chart

Ratnaveer Precision Engineering Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Inventory Turnover

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2.50

2.37

2.14

2.27

2.81

Ratnaveer Precision Engineering Quarterly Data
	Mar20	Mar21	Mar22	Aug22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial									0.52	0.69	0.80	0.91	0.57

Ratnaveer Precision Engineering Inventory Turnover Calculation

Ratnaveer Precision Engineering's Inventory Turnover for the fiscal year that ended in Mar. 2025 is calculated as

	Inventory Turnover (A: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2025 )	/ (	(Total Inventories (A: Mar. 2024 )	+	Total Inventories (A: Mar. 2025 ))	/	count )
=	7545.29	/ (	(2449.29	+	2928.46)	/	2 )
=	7545.29	/	2688.875
=	2.81

Ratnaveer Precision Engineering's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	1675.36	/ (	(0	+	2928.46)	/	1 )
=	1675.36	/	2928.46
=	0.57

Ratnaveer Precision Engineering (NSE:RATNAVEER) 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.

Ratnaveer Precision Engineering's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	2928.46	/	1675.36	*	365 / 4
	=	159.50

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.

Ratnaveer Precision Engineering's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	2928.46	/	2031.08
	=	1.44

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.

Ratnaveer Precision Engineering Inventory Turnover Related Terms

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Ratnaveer Precision Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ratnaveer Precision Engineering Ltd (NSE:RATNAVEER) » Definitions » Inventory Turnover

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543978:India

Address

Dr. Vikram Sarabhai Road, 703/704, OCEAN, Vikram Sarabhai Campus, Near Center Square Mall, Vadodara, GJ, IND, 390023

Website

https://www.ratnaveer.com

Ratnaveer Precision Engineering Ltd is a stainless steel (SS) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes. It manufactures finishing sheets, washers, and solar mounting hooks at Unit I and SS pipes & tubes at Unit II. Unit III and Unit IV are dedicated to the backward integration process where Unit III is the melting unit where the company melts steel scrap and turns it into steel ingots and Unit IV is the rolling unit where flat ingots are further processed to turn them into sheets which are the raw material for washers. Geographically, the company derives a majority of its revenue from its customers within India, and the rest from countries like Germany, Italy, Sweden, Austria, France, and others through exports.

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