Swastik Pipe (NSE:SWASTIK) Inventory Turnover : 8.46 (As of Mar. 2023)

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What is Swastik Pipe 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. Swastik Pipe's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹6,280 Mil. Swastik Pipe's Average Total Inventories for the quarter that ended in Mar. 2023 was ₹742 Mil. Swastik Pipe's Inventory Turnover for the quarter that ended in Mar. 2023 was 8.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Swastik Pipe's Days Inventory for the six months ended in Mar. 2023 was 21.56.

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. Swastik Pipe's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.11.

Swastik Pipe Inventory Turnover Historical Data

The historical data trend for Swastik Pipe'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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Swastik Pipe Inventory Turnover Chart

Swastik Pipe Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

6.44

5.68

7.80

8.46

Swastik Pipe Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Inventory Turnover	6.44	5.68	7.80	8.46

Swastik Pipe Inventory Turnover Calculation

Swastik Pipe'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 )
=	6280.302	/ (	(694.333	+	789.647)	/	2 )
=	6280.302	/	741.99
=	8.46

Swastik Pipe'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 )
=	6280.302	/ (	(694.333	+	789.647)	/	2 )
=	6280.302	/	741.99
=	8.46

Swastik Pipe (NSE:SWASTIK) 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.

Swastik Pipe'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
	=	741.99	/	6280.302	*	365 / 2
	=	21.56

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.

Swastik Pipe'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 )
	=	741.99	/	7035.883
	=	0.11

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.

Swastik Pipe Inventory Turnover Related Terms

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Swastik Pipe (NSE:SWASTIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Swastik Pipe Ltd (NSE:SWASTIK) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2, Arihant Nagar, Punjabi Bagh (West), New Delhi, IND, 110026

Website

https://www.swastikpipes.com

Swastik Pipe Ltd is the manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, API Pipe, Stainless Steel Tubes, Cold Rolled Steel (CR) Strips/ Coils, Swaged Type Tubular Poles, and Solar Structure.

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