Ratnaveer Precision Engineering (BOM:543978) Total Inventories : ₹0 Mil (As of Jun. 2024)

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What is Ratnaveer Precision Engineering Total Inventories?

Ratnaveer Precision Engineering's total inventories for the quarter that ended in Jun. 2024 was ₹0 Mil. Ratnaveer Precision Engineering's average total inventories from the quarter that ended in Mar. 2024 to the quarter that ended in Jun. 2024 was ₹1,225 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ratnaveer Precision Engineering's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was ₹N/A.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ratnaveer Precision Engineering's Days Inventory for the three months ended in Jun. 2024 was 65.85.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ratnaveer Precision Engineering's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.39.

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. Ratnaveer Precision Engineering's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.60.

Ratnaveer Precision Engineering Total Inventories Historical Data

The historical data trend for Ratnaveer Precision Engineering's Total Inventories 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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Ratnaveer Precision Engineering Total Inventories Chart

Ratnaveer Precision Engineering Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Total Inventories

1,154.23

1,355.25

1,712.83

2,058.26

2,449.29

Ratnaveer Precision Engineering Quarterly Data
	Mar20	Mar21	Mar22	Aug22	Dec22	Mar23	Jun23	Dec23	Mar24	Jun24
Total Inventories	Get a 7-Day Free Trial					2,058.26	-	-	2,449.29	-

Ratnaveer Precision Engineering Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Ratnaveer Precision Engineering (BOM:543978) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Ratnaveer Precision Engineering's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0	+	0.75 * 0	+	0.5 * 0	-	N/A
-	0	-	0)	/	48.499
=	N/A

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Ratnaveer Precision Engineering's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	1224.645	/	1697	*	365 / 4
	=	65.85

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Ratnaveer Precision Engineering's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	1697	/	1224.645
	=	1.39

4. 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.

Ratnaveer Precision Engineering's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	1224.645	/	2042.19
	=	0.60

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Ratnaveer Precision Engineering Total Inventories Related Terms

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Ratnaveer Precision Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ratnaveer Precision Engineering Ltd (BOM:543978) » Definitions » Total Inventories

Traded in Other Exchanges

RATNAVEER:India

Address

Plot no. E-77, G.I.D.C, Savli (Manjusar), Vadodara, GJ, IND, 391 775

Website

https://www.ratnaveer.com

Ratnaveer Precision Engineering Ltd is a stainless steel (SS) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes. It manufactures finishing sheets, washers and solar mounting hooks at Unit I and SS pipes & tubes at Unit II. Unit III and Unit IV are dedicated to the backward integration process where Unit III is the melting unit where the company melts steel scrap and turns it into steel ingots and Unit IV is the rolling unit where flat ingots are further processed to turn them into sheets which are the raw material for washers.

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