The Shipping of India (NSE:SCI) Inventory Turnover : 6.81 (As of Mar. 2024)

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What is The Shipping of India 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. The Shipping of India's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹11,856 Mil. The Shipping of India's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹1,741 Mil. The Shipping of India's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Shipping of India's Days Inventory for the three months ended in Mar. 2024 was 13.40.

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. The Shipping of India's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.12.

The Shipping of India Inventory Turnover Historical Data

The historical data trend for The Shipping of India'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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The Shipping of India Inventory Turnover Chart

The Shipping of India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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25.46

28.31

30.62

29.01

26.89

The Shipping of India 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															7.56	6.70	5.59	6.40	6.81

The Shipping of India Inventory Turnover Calculation

The Shipping of India'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 )
=	43571.2	/ (	(1500.1	+	1741.2)	/	2 )
=	43571.2	/	1620.65
=	26.89

The Shipping of India'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 )
=	11856	/ (	(0	+	1741.2)	/	1 )
=	11856	/	1741.2
=	6.81

The Shipping of India (NSE:SCI) 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.

The Shipping of India'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
	=	1741.2	/	11856	*	365 / 4
	=	13.40

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.

The Shipping of India'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 )
	=	1741.2	/	14125.4
	=	0.12

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.

The Shipping of India Inventory Turnover Related Terms

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The Shipping of India (NSE:SCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » The Shipping Corp of India Ltd (NSE:SCI) » Definitions » Inventory Turnover

Traded in Other Exchanges

523598:India

Address

245, Madame Cama Road, Shipping House, Nariman Point, Mumbai, MH, IND, 400021

Website

http://www.shipindia.com

The Shipping Corp of India Ltd is engaged in the sea and coastal freight water transport business. The company's segments include Liner, Bulk, Tanker, Technical and Offshore service, and others. Its Liner segment includes break-bulk, container transport, passenger and research vessels. The Bulk segment consists of dry bulk carriers. The tankers segment that derives the majority revenue comprises of crude and product carriers, gas carriers, and phosphoric acid carriers. The company's Technical and Offshore services segment covers owned offshore vessels and the others segment incorporates income earned from the maritime training institute. Its business operations are confined only to India.