Vraj Iron and Steel (NSE:VRAJ) Total Inventories : ₹528 Mil (As of Sep. 2024)

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What is Vraj Iron and Steel Total Inventories?

Vraj Iron and Steel's total inventories for the quarter that ended in Sep. 2024 was ₹528 Mil. Vraj Iron and Steel's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Sep. 2024 was ₹516 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Vraj Iron and Steel's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ₹21.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vraj Iron and Steel's Days Inventory for the three months ended in Sep. 2024 was 80.50.

Inventory Turnover measures how fast the company turns over its inventory within a year. Vraj Iron and Steel's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.13.

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. Vraj Iron and Steel's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.59.

Vraj Iron and Steel Total Inventories Historical Data

The historical data trend for Vraj Iron and Steel'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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Vraj Iron and Steel Total Inventories Chart

Vraj Iron and Steel Annual Data

Trend

Mar21

Mar22

Mar23

Total Inventories

224.92

319.31

317.10

Vraj Iron and Steel Quarterly Data
	Mar21	Mar22	Mar23	Sep23	Dec23	Sep24
Total Inventories	Get a 7-Day Free Trial			319.31	317.10	-	503.52	527.78

Vraj Iron and Steel 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.

Vraj Iron and Steel (NSE:VRAJ) 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.

Vraj Iron and Steel's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(606.12	+	0.75 * 171.55	+	0.5 * 527.78	-	287.95
-	0	-	0)	/	32.9826
=	21.55

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

Vraj Iron and Steel's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	515.65	/	584.52	*	365 / 4
	=	80.50

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

Vraj Iron and Steel's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	584.52	/	515.65
	=	1.13

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.

Vraj Iron and Steel's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	515.65	/	875.47
	=	0.59

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.

Vraj Iron and Steel Total Inventories Related Terms

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Vraj Iron and Steel Business Description

Industry

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Traded in Other Exchanges

544204:India

Address

First Floor, Plot No 63 & 66, Ph No 113, Mother Teresa Ward No. 43, Jalvihar Colony, Raipur, CT, IND, 492001

Website

https://www.vrajtmt.in

Vraj Iron and Steel Ltd is engaged in the manufacturing & trading of Iron and Steel & Power. The company offers products such as Sponge Iron, TMT Bar, and MS Billets under the brand Vraj. The company generates the majority of its revenue from the sale of products.

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