Swastik Pipe (NSE:SWASTIK) Total Inventories : ₹790 Mil (As of Mar. 2023)

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What is Swastik Pipe Total Inventories?

Swastik Pipe's total inventories for the quarter that ended in Mar. 2023 was ₹790 Mil. Swastik Pipe's average total inventories from the quarter that ended in Mar. 2022 to the quarter that ended in Mar. 2023 was ₹742 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Swastik Pipe's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹-7.81.

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 Turnover measures how fast the company turns over its inventory within a year. Swastik Pipe's Inventory Turnover for the quarter that ended in Mar. 2023 was 8.46.

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 Total Inventories Historical Data

The historical data trend for Swastik Pipe'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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Swastik Pipe Total Inventories Chart

Swastik Pipe Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Total Inventories

922.87

693.83

694.33

789.65

Swastik Pipe Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Total Inventories	922.87	693.83	694.33	789.65

Swastik Pipe 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.

Swastik Pipe (NSE:SWASTIK) 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.

Swastik Pipe's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 is

	Net-Net Working Capital Per Share (Q: Mar. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(67.108	+	0.75 * 1641.701	+	0.5 * 789.647	-	1874.74
-	0	-	0)	/	23.2315
=	-7.81

2. 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

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

Swastik Pipe's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2023 )	/	Average Total Inventories (Q: Mar. 2023 )
	=	6280.302	/	741.99
	=	8.46

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.

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

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.

Swastik Pipe Total Inventories Related Terms

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Swastik Pipe (NSE:SWASTIK) Business Description

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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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