Paramount Speciality Forgings (NSE:PSFL) Total Inventories : ₹385.4 Mil (As of Mar. 2024)

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What is Paramount Speciality Forgings Total Inventories?

Paramount Speciality Forgings's total inventories for the quarter that ended in Mar. 2024 was ₹385.4 Mil. Paramount Speciality Forgings's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Mar. 2024 was ₹339.8 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Paramount Speciality Forgings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₹-13.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Paramount Speciality Forgings's Days Inventory for the six months ended in Mar. 2024 was 76.14.

Inventory Turnover measures how fast the company turns over its inventory within a year. Paramount Speciality Forgings's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.40.

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. Paramount Speciality Forgings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.34.

Paramount Speciality Forgings Total Inventories Historical Data

The historical data trend for Paramount Speciality Forgings'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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Paramount Speciality Forgings Total Inventories Chart

Paramount Speciality Forgings Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Total Inventories

169.70

175.81

294.22

385.42

Paramount Speciality Forgings Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Total Inventories	169.70	175.81	294.22	385.42

Paramount Speciality Forgings 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.

Paramount Speciality Forgings (NSE:PSFL) 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.

Paramount Speciality Forgings's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3.578	+	0.75 * 163.477	+	0.5 * 385.421	-	588.769
-	0	-	0)	/	19.682
=	-13.71

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

Paramount Speciality Forgings's Days Inventory for the six 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
	=	339.821	/	814.527	*	365 / 2
	=	76.14

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

Paramount Speciality Forgings's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	814.527	/	339.821
	=	2.40

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.

Paramount Speciality Forgings'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 )
	=	339.821	/	999.954
	=	0.34

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.

Paramount Speciality Forgings Total Inventories Related Terms

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Paramount Speciality Forgings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Paramount Speciality Forgings Ltd (NSE:PSFL) » Definitions » Total Inventories

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Address

Dr. Mascarenhas Road, 3, 1, Guru Himmat Building, Anjirwadi, Mazgaon, Mumbai, MH, IND, 400010

Website

https://www.paramountforge.com

Paramount Speciality Forgings Ltd is engaged in manufacturing steel forgings in India. It manufacture and provide forged components ranging in weight from 1Kg to 4 metric tons in rough or finish-machined condition. Its product are used in industry such as Petrochemicals, Chemicals, Fertilizers, Oil and Gas, Nuclear Power, and other heavy engineering sectors. The Company only operates in sale of carbon steel and stainless steel flanges and fittings and other engineering goods made from steel and stainless steel goods or any other goods and merchandise.

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