Jindal Stainless (BOM:532508) Inventory Turnover : 0.88 (As of Mar. 2024)

View and export this data going back to 2003. Start your Free Trial

What is Jindal Stainless 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. Jindal Stainless's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹70,178 Mil. Jindal Stainless's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹79,315 Mil. Jindal Stainless's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jindal Stainless's Days Inventory for the three months ended in Mar. 2024 was 103.13.

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. Jindal Stainless's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.84.

Jindal Stainless Inventory Turnover Historical Data

The historical data trend for Jindal Stainless'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.

* Premium members only.

Jindal Stainless Inventory Turnover Chart

Jindal Stainless Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

Get a 7-Day Free Trial

4.27

3.61

5.38

3.44

3.49

Jindal Stainless Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.86	0.90	0.94	0.85	0.88

Jindal Stainless Inventory Turnover Calculation

Jindal Stainless's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	284954.8	/ (	(83939.2	+	79315)	/	2 )
=	284954.8	/	81627.1
=	3.49

Jindal Stainless's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	70177.9	/ (	(0	+	79315)	/	1 )
=	70177.9	/	79315
=	0.88

Jindal Stainless (BOM:532508) 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.

Jindal Stainless's Days Inventory for the three 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
	=	79315	/	70177.9	*	365 / 4
	=	103.13

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.

Jindal Stainless'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 )
	=	79315	/	94540.2
	=	0.84

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.

Jindal Stainless Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Jindal Stainless's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Jindal Stainless (BOM:532508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jindal Stainless Ltd (BOM:532508) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

JSL:India

Address

Jindal Centre, 12, Bhikaiji Cama Place, New Delhi, IND, 110066

Website

https://www.jindalstainless.com

Jindal Stainless Ltd is an India-based stainless steel manufacturing company. It offers products such as ferroalloys, stainless steel slabs, and blooms, hot rolled and cold rolled coils, plates, razor blade steel, precision strips, and coin blanks. The firm has a distribution network through its service centers and warehouses in both the Indian and overseas markets. Jindal derives most of the revenue from the sale of steel products.

Jindal Stainless (BOM:532508) Headlines

No Headlines