Ramkrishna Forgings (NSE:RKFORGE) Inventory Turnover : 0.37 (As of Dec. 2024)

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What is Ramkrishna Forgings 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. Ramkrishna Forgings's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹5,101 Mil. Ramkrishna Forgings's Average Total Inventories for the quarter that ended in Dec. 2024 was ₹13,671 Mil. Ramkrishna Forgings's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ramkrishna Forgings's Days Inventory for the three months ended in Dec. 2024 was 244.54.

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. Ramkrishna Forgings's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.27.

Ramkrishna Forgings Inventory Turnover Historical Data

The historical data trend for Ramkrishna Forgings'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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Ramkrishna Forgings Inventory Turnover Chart

Ramkrishna Forgings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.18

2.00

2.50

2.74

Ramkrishna Forgings Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.54	-	-	0.38	0.37

Ramkrishna Forgings Inventory Turnover Calculation

Ramkrishna Forgings'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 )
=	24379.741	/ (	(0	+	0)	/	1 )
=	24379.741	/	0
=	N/A

Ramkrishna Forgings's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	5101.114	/ (	(13670.533	+	0)	/	1 )
=	5101.114	/	13670.533
=	0.37

Ramkrishna Forgings (NSE:RKFORGE) 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.

Ramkrishna Forgings's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	13670.533	/	5101.114	*	365 / 4
	=	244.54

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.

Ramkrishna Forgings's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	13670.533	/	10737.818
	=	1.27

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.

Ramkrishna Forgings Inventory Turnover Related Terms

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Ramkrishna Forgings Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ramkrishna Forgings Ltd (NSE:RKFORGE) » Definitions » Inventory Turnover

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532527:India

Address

23, Circus Avenue, 9th Floor, Kolkata, WB, IND, 700 017

Website

https://www.ramkrishnaforgings.com

Ramkrishna Forgings Ltd is an Indian-based company, that engages in the manufacture of forgings and production of metal products. Its product portfolio includes engine components, front and rear axle components, transmission components, crown wheels and bellcrank assemblies, and others. The company's forgings are used in various industries and sectors, including automotive, earth moving and mining, farm equipment, general engineering, railways, steel plants, and others. Geographically the company caters its services to both domestic and overseas markets.

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