Shiv Aum Steels (NSE:SHIVAUM) Inventory Turnover : 2.41 (As of Sep. 2024)

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What is Shiv Aum Steels 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. Shiv Aum Steels's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹2,380 Mil. Shiv Aum Steels's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹986 Mil. Shiv Aum Steels's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shiv Aum Steels's Days Inventory for the six months ended in Sep. 2024 was 75.62.

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. Shiv Aum Steels's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.39.

Shiv Aum Steels Inventory Turnover Historical Data

The historical data trend for Shiv Aum Steels'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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Shiv Aum Steels Inventory Turnover Chart

Shiv Aum Steels Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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7.25

5.03

5.85

5.72

5.91

Shiv Aum Steels Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial										3.06	3.16	3.11	3.10	2.41

Shiv Aum Steels Inventory Turnover Calculation

Shiv Aum Steels'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 )
=	5236.586	/ (	(891.099	+	880.88)	/	2 )
=	5236.586	/	885.9895
=	5.91

Shiv Aum Steels's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	2380.194	/ (	(880.88	+	1091.53)	/	2 )
=	2380.194	/	986.205
=	2.41

Shiv Aum Steels (NSE:SHIVAUM) 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.

Shiv Aum Steels's Days Inventory for the six months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	986.205	/	2380.194	*	365 / 2
	=	75.62

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.

Shiv Aum Steels's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	986.205	/	2516.939
	=	0.39

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.

Shiv Aum Steels Inventory Turnover Related Terms

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Shiv Aum Steels Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shiv Aum Steels Ltd (NSE:SHIVAUM) » Definitions » Inventory Turnover

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Address

Western Express Way, A.K. Road, Office No. 515, The Summit Business Bay, Opposite PVR Cinemas, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.shivaumsteels.com

Shiv Aum Steels Ltd is engaged in trading mild steel products such as beams, angles, plates, channels, coils, and Thermo mechanically treated (TMT) bars. It operates as a trader, stockist, and distributor of steel products. The product offerings range from different types of Beams, Angles, Channels, TMT Bars, Rails, Sheets, Plates, and Coils including various sub-categories of the said products like I-beam, H-beam, L-shaped angles, T-shaped angles, C-channels and Sheets and Plates of varied thickness and dimensions. The company derives revenue from rendering of the engineering consultancy services.

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