Surani Steel Tubes (NSE:SURANI) Total Inventories : ₹214 Mil (As of Sep. 2023)

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What is Surani Steel Tubes Total Inventories?

Surani Steel Tubes's total inventories for the quarter that ended in Sep. 2023 was ₹214 Mil. Surani Steel Tubes's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was ₹194 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Surani Steel Tubes's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₹18.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Surani Steel Tubes's Days Inventory for the six months ended in Sep. 2023 was 55.36.

Inventory Turnover measures how fast the company turns over its inventory within a year. Surani Steel Tubes's Inventory Turnover for the quarter that ended in Sep. 2023 was 3.30.

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. Surani Steel Tubes's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.30.

Surani Steel Tubes Total Inventories Historical Data

The historical data trend for Surani Steel Tubes'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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Surani Steel Tubes Total Inventories Chart

Surani Steel Tubes Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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200.63

227.69

216.95

268.64

173.20

Surani Steel Tubes Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Mar22	Sep22	Mar23	Sep23
Total Inventories	Get a 7-Day Free Trial										216.95	268.64	-	173.20	214.08

Surani Steel Tubes 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.

Surani Steel Tubes (NSE:SURANI) 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.

Surani Steel Tubes's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(39.034	+	0.75 * 25.342	+	0.5 * 214.08	-	9.854
-	0	-	0)	/	8.392
=	18.50

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

Surani Steel Tubes's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	193.639	/	638.311	*	365 / 2
	=	55.36

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

Surani Steel Tubes's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	638.311	/	193.639
	=	3.30

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.

Surani Steel Tubes's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	193.639	/	646.139
	=	0.30

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.

Surani Steel Tubes Total Inventories Related Terms

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Surani Steel Tubes (NSE:SURANI) Business Description

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Address

Bayad Road, Sr. No. 110,115, Opposite Vinayak TMT, Village Sampa, Taluka Dahegam, Gandhinagar, GJ, IND, 382315

Website

https://www.suranisteel.com

Surani Steel Tubes Ltd is engaged in manufacturing and supplying ERW pipes and steel tubes. The company operates a single segment named manufacturing ERW MS PIPES and trading of MS PIPE. The company's products include ERW Round Pipes and Tubes, Square and Rectangle Hollow Sections, MS Slit Coils and Strips, Hot Roll Coils, and Brochures. Geographically, it operates only in India.

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