Govind Rubber (BOM:509148) Total Inventories : ₹0.26 Mil (As of Mar. 2020)

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What is Govind Rubber Total Inventories?

Govind Rubber's total inventories for the quarter that ended in Mar. 2020 was ₹0.26 Mil. Govind Rubber's average total inventories from the quarter that ended in Dec. 2019 to the quarter that ended in Mar. 2020 was ₹0.13 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Govind Rubber's Net-Net Working Capital per share for the quarter that ended in Mar. 2020 was ₹-13.96.

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

Inventory Turnover measures how fast the company turns over its inventory within a year. Govind Rubber's Inventory Turnover for the quarter that ended in Mar. 2020 was -0.05.

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.

Govind Rubber Total Inventories Historical Data

The historical data trend for Govind Rubber'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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Govind Rubber Total Inventories Chart

Govind Rubber Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Total Inventories

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514.59

573.96

401.00

4.35

0.26

Govind Rubber Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Total Inventories	Get a 7-Day Free Trial															4.35	-	0.80	-	0.26

Govind Rubber 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.

Govind Rubber (BOM:509148) 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.

Govind Rubber's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2020 is

	Net-Net Working Capital Per Share (Q: Mar. 2020 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(51.226	+	0.75 * 41.771	+	0.5 * 0.257	-	387.583
-	0	-	0)	/	21.8385
=	-13.96

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

Govind Rubber's Days Inventory for the three months ended in Mar. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2020 )	/	Cost of Goods Sold (Q: Mar. 2020 )	*	Days in Period
	=	0.1285	/	-0.007	*	365 / 4
	=

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

Govind Rubber's Inventory Turnover for the quarter that ended in Mar. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2020 )	/	Average Total Inventories (Q: Mar. 2020 )
	=	-0.007	/	0.1285
	=	-0.05

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.

Govind Rubber's Inventory to Revenue for the quarter that ended in Mar. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2020 )	/	Revenue (Q: Mar. 2020 )
	=	0.1285	/	-0.007
	=

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.

Govind Rubber Total Inventories Related Terms

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Govind Rubber (BOM:509148) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Govind Rubber Ltd (BOM:509148) » Definitions » Total Inventories

Traded in Other Exchanges

N/A

Address

72, N.M.Joshi Marg, Sitaram Mill Compound, 418, Creative Industrial Estate, Lower Parel, Mumbai, MH, IND, 400 011

Website

http://www.grltires.com

Govind Rubber Ltd manufactures bicycle tire in India. The company is engaged in the manufacturing of bicycle & auto tires and tubes. It manufactures tyres and tubes for two/ three wheelers and markets mountain bike tyres. It offers tires, such as Road/City/Tour, all-terrain bicycle (ATB), mountain bicycle (MTB), Race, bicycle motocross (BMX) and Wheel Chair. It offers tubes, such as Butyl and natural rubber (NR) tubes, valves and packaging. It offers tires for multirole use, such as dirt tracks, rough terrain, and mountainous terrain.

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