Manaksia Aluminium Co (BOM:539045) Inventory Turnover : 0.52 (As of Mar. 2024)

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What is Manaksia Aluminium Co 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. Manaksia Aluminium Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹834 Mil. Manaksia Aluminium Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹1,591 Mil. Manaksia Aluminium Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Manaksia Aluminium Co's Days Inventory for the three months ended in Mar. 2024 was 174.04.

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. Manaksia Aluminium Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.35.

Manaksia Aluminium Co Inventory Turnover Historical Data

The historical data trend for Manaksia Aluminium Co'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.

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Manaksia Aluminium Co Inventory Turnover Chart

Manaksia Aluminium Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.54

2.04

2.35

2.36

2.00

Manaksia Aluminium Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.53	0.70	0.40	0.39	0.52

Manaksia Aluminium Co Inventory Turnover Calculation

Manaksia Aluminium Co'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 )
=	2981.731	/ (	(1395.311	+	1591.139)	/	2 )
=	2981.731	/	1493.225
=	2.00

Manaksia Aluminium Co'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 )
=	834.238	/ (	(0	+	1591.139)	/	1 )
=	834.238	/	1591.139
=	0.52

Manaksia Aluminium Co (BOM:539045) 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.

Manaksia Aluminium Co'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
	=	1591.139	/	834.238	*	365 / 4
	=	174.04

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.

Manaksia Aluminium Co'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 )
	=	1591.139	/	1177.09
	=	1.35

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.

Manaksia Aluminium Co Inventory Turnover Related Terms

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Manaksia Aluminium Co (BOM:539045) Business Description

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MANAKALUCO:India

Address

8/1 Lal Bazar Street, Bikaner Building, 3rd Floor, Kolkata, WB, IND, 700 001

Website

https://www.manaksiaaluminium.com

Manaksia Aluminium Co Ltd is an Indian company engaged in manufacturing Aluminium rolled products and Aluminium alloy ingots. The products offered by the firm are Aluminium Coils, Aluminium Plain Sheets, Aluminium Roofing Sheets, Aluminium Color Coated Coils, Aluminium Flooring Sheets and Embossed Coils. The company has operations in India as well as overseas. It generates a vast majority of the revenue from the sale of products in the overseas market.

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