Shyam Century Ferrous (NSE:SHYAMCENT) Inventory Turnover : 1.10 (As of Mar. 2024)

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What is Shyam Century Ferrous 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. Shyam Century Ferrous's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹366 Mil. Shyam Century Ferrous's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹333 Mil. Shyam Century Ferrous's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shyam Century Ferrous's Days Inventory for the three months ended in Mar. 2024 was 83.19.

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. Shyam Century Ferrous's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.82.

Shyam Century Ferrous Inventory Turnover Historical Data

The historical data trend for Shyam Century Ferrous'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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Shyam Century Ferrous Inventory Turnover Chart

Shyam Century Ferrous Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.46

5.91

5.41

4.12

3.49

Shyam Century Ferrous Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.40	0.92	0.79	0.81	1.10

Shyam Century Ferrous Inventory Turnover Calculation

Shyam Century Ferrous'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 )
=	1152.43	/ (	(326.632	+	333.348)	/	2 )
=	1152.43	/	329.99
=	3.49

Shyam Century Ferrous's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	365.629	/ (	(0	+	333.348)	/	1 )
=	365.629	/	333.348
=	1.10

Shyam Century Ferrous (NSE:SHYAMCENT) 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.

Shyam Century Ferrous's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	333.348	/	365.629	*	365 / 4
	=	83.19

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.

Shyam Century Ferrous's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	333.348	/	407.682
	=	0.82

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.

Shyam Century Ferrous Inventory Turnover Related Terms

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Shyam Century Ferrous (NSE:SHYAMCENT) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shyam Century Ferrous Ltd (NSE:SHYAMCENT) » Definitions » Inventory Turnover

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539252:India

Address

P-15/1, Taratala Main Road, 2nd Floor, Century House, CPT Colony, Taratala, Kolkata, WB, IND, 700088

Website

https://www.shyamcenturyferrous.com

Shyam Century Ferrous Ltd is involved in the steel business sector. The company is engaged in the manufacture and sale of Ferro Silicon, Silico Manganese, power, and other ferroalloys. Ferro-silicon is one of the prime raw ingredients of Stainless steel and small quantities in Mild Steel i.e. MS steel. Its business segments include Ferro Alloy which manufactures ferrous and Power which generates power, out of which the Ferro Alloy segment generates the maximum revenue for the company. The company only caters to the Indian market.

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