Refractory Shapes (NSE:REFRACTORY) Inventory Turnover: 1.40 (As of Mar. 2025)


NSE:REFRACTORY Refractory Shapes Ltd NSE:REFRACTORY
17 GF Score
Price ₹27.60
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What is Refractory Shapes Inventory Turnover?

Refractory Shapes NSE:REFRACTORY -0.36% 17 Inventory Turnover is 1.40 as of Mar. 2025. GuruFocus rates NSE:REFRACTORY with a GF Score™ of 17/100.

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. Refractory Shapes's Cost of Goods Sold for the six months ended in Mar. 2025 was ₹262.0 Mil. Refractory Shapes's Average Total Inventories for the quarter that ended in Mar. 2025 was ₹186.9 Mil. Refractory Shapes's Inventory Turnover for the quarter that ended in Mar. 2025 was 1.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Refractory Shapes's Days Inventory for the six months ended in Mar. 2025 was 130.19.

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. Refractory Shapes's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.53.

Refractory Shapes  (NSE:REFRACTORY) 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.

Refractory Shapes's Days Inventory for the six 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
=186.8855/261.981*365 / 2
=130.19

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.

Refractory Shapes'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 )
=186.8855 / 352.361
=0.53

* 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.

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.

Refractory Shapes Inventory Turnover Related Terms

Refractory Shapes Inventory Turnover Historical Data

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The historical data trend for Refractory Shapes'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.

Refractory Shapes Inventory Turnover Chart

Refractory Shapes Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Inventory Turnover
5.73 5.16 4.41 2.42 2.56

Refractory Shapes Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25
Inventory Turnover Get a 7-Day Free Trial 0.00 1.04 1.23 0.75 1.40
NSE:REFRACTORY
17GF Score
Refractory Shapes Ltd NSE:REFRACTORY
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Refractory Shapes Inventory Turnover Calculation

Refractory Shapes'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 )
=391.201 / ((138.364 + 167.552) / 2 )
=391.201 / 152.958
=2.56

Refractory Shapes'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: Sep. 2024 ) + Total Inventories (Q: Mar. 2025 )) / count )
=261.981 / ((206.219 + 167.552) / 2 )
=261.981 / 186.8855
=1.40

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 1.40 mean?
Refractory Shapes (NSE:REFRACTORY) has a Inventory Turnover of 1.40 as of Mar. 2025. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Refractory Shapes and its competitors.
Is Refractory Shapes' Inventory Turnover too high?
Refractory Shapes' current Inventory Turnover is 1.40. Overall, Refractory Shapes has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Refractory Shapes' Inventory Turnover compare to CRH and VMC?
Refractory Shapes' Inventory Turnover of 1.40 can be compared against companies in the Building Materials industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Building Materials company?
A good Inventory Turnover depends on the Building Materials industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Refractory Shapes and its competitors. Refractory Shapes's current Inventory Turnover is 1.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Refractory Shapes stock overvalued right now?
Refractory Shapes (NSE:REFRACTORY) has a current Inventory Turnover of 1.40. The current Inventory Turnover is 1.40. Refractory Shapes' overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Refractory Shapes (NSE:REFRACTORY), the current Inventory Turnover is 1.40 as of Mar. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Refractory Shapes Business Description

Address Andheri-Kurla Road, B 201, Rustomjee Central Park Chakala, Andheri (East), Mumbai, MH, IND, 400069
Refractory Shapes Ltd is engaged in the production of special shapes, custom-made refractory shapes, and ceramic balls of low and medium purity with top quality and superior performance. The company manufactures bricks, castables, coating materials, high purity alumina catalyst bed supports, and ceramic balls. It serves industries including steel, refineries, fertilizers, petrochemicals, glass, and cement. The company has an international presence across multiple countries and is known for its quality, skilled workforce, and quality assurance.
17GF Score

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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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