Sharp Chucks and Machines (NSE:SCML) Inventory Turnover : 2.37 (As of Mar. 2023)

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What is Sharp Chucks and Machines 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. Sharp Chucks and Machines's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹1,367 Mil. Sharp Chucks and Machines's Average Total Inventories for the quarter that ended in Mar. 2023 was ₹578 Mil. Sharp Chucks and Machines's Inventory Turnover for the quarter that ended in Mar. 2023 was 2.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sharp Chucks and Machines's Days Inventory for the six months ended in Mar. 2023 was 77.16.

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. Sharp Chucks and Machines's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.33.

Sharp Chucks and Machines Inventory Turnover Historical Data

The historical data trend for Sharp Chucks and Machines'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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Sharp Chucks and Machines Inventory Turnover Chart

Sharp Chucks and Machines Annual Data

Trend

Mar21

Mar22

Mar23

Inventory Turnover

2.08

2.32

2.37

Sharp Chucks and Machines Semi-Annual Data
	Mar21	Mar22	Mar23
Inventory Turnover	2.08	2.32	2.37

Sharp Chucks and Machines Inventory Turnover Calculation

Sharp Chucks and Machines's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	1366.639	/ (	(509.149	+	646.469)	/	2 )
=	1366.639	/	577.809
=	2.37

Sharp Chucks and Machines's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	1366.639	/ (	(509.149	+	646.469)	/	2 )
=	1366.639	/	577.809
=	2.37

Sharp Chucks and Machines (NSE:SCML) 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.

Sharp Chucks and Machines's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	577.809	/	1366.639	*	365 / 2
	=	77.16

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.

Sharp Chucks and Machines's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	577.809	/	1764.497
	=	0.33

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.

Sharp Chucks and Machines Inventory Turnover Related Terms

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Sharp Chucks and Machines (NSE:SCML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sharp Chucks and Machines Ltd (NSE:SCML) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

A-12, Industrial Development Colony, Jalandhar, PB, IND, 144012

Website

https://www.sharpchucks.com

Sharp Chucks and Machines Ltd is engaged in manufacturing forging products, casting products and machined components, that finds application in diverse industry, such as tractor, automobiles, material handling & earth moving equipment, railways, defense, machine tools, DIY industry, etc.

Sharp Chucks and Machines (NSE:SCML) Headlines

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