Cubex Tubings (NSE:CUBEXTUB) Inventory Turnover : 2.91 (As of Mar. 2024)

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What is Cubex Tubings 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. Cubex Tubings's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹447 Mil. Cubex Tubings's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹154 Mil. Cubex Tubings's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cubex Tubings's Days Inventory for the three months ended in Mar. 2024 was 31.40.

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. Cubex Tubings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.31.

Cubex Tubings Inventory Turnover Historical Data

The historical data trend for Cubex Tubings'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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Cubex Tubings Inventory Turnover Chart

Cubex Tubings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.66

3.48

7.19

8.71

10.50

Cubex Tubings 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															2.43	2.04	2.95	2.64	2.91

Cubex Tubings Inventory Turnover Calculation

Cubex Tubings'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 )
=	1967.504	/ (	(220.99	+	153.691)	/	2 )
=	1967.504	/	187.3405
=	10.50

Cubex Tubings'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 )
=	446.698	/ (	(0	+	153.691)	/	1 )
=	446.698	/	153.691
=	2.91

Cubex Tubings (NSE:CUBEXTUB) 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.

Cubex Tubings'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
	=	153.691	/	446.698	*	365 / 4
	=	31.40

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.

Cubex Tubings'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 )
	=	153.691	/	497.806
	=	0.31

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.

Cubex Tubings Inventory Turnover Related Terms

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Cubex Tubings (NSE:CUBEXTUB) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cubex Tubings Ltd (NSE:CUBEXTUB) » Definitions » Inventory Turnover

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526027:India

Address

Sarojini Devi Road, 1-7-27 to 34, 2nd Floor, Shyam Towers, United Building Complex, Secunderabad, TG, IND, 500003

Website

https://www.cubextubings.com

Cubex Tubings Ltd is a producer of copper and copper-base alloy products. It manufactures seamless tubes, rods, strips, profiles, and wires of copper and copper-based alloys such as Cupronickel, admiralty Brass, and Aluminum Brass. The products are used by the industries such as Power plants, Power plant manufacturers, switchgear, Refineries, Furnace manufacturers, Sugar plants, Automobile, Electrical Equipment industries, and Shipbuilding. The company operates in only one segment which is Copper and copper alloy products.

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