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The following section summarizes insights on Jigar Cables Ltd's Inventory Turnover:
We've identified the following companies as similar to Jigar Cables Ltd because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
Data is returned as a standard number. Suggested format is a multiple (e.g 7.0x). You need an InvestingPro+ membership to view this data
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Inventory Turnover in the efficiency category include:
A ratio that measures the number for times a company's inventory is sold and replaced over the year.
Inventory Turnover for Jigar Cables is calculated as follows:
Cost of Goods Sold [ 783.6 M ]
(/) Average Inventory over Period [ 113 M ]
(=) Inventory Turnover [ 6.9x ]
The tables below summarizes the trend in Jigar Cables’s inventory turnover over the last five years:
| Fiscal Year | Cost of Goods Sold | Average Inventory | Inventory Turnover |
|---|---|---|---|
| 2020-03-31 | 106 M | 53.28 M | 2.0x |
| 2021-03-31 | 115.3 M | 72.141 M | 1.6x |
| 2022-03-31 | 93.868 M | 84.064 M | 1.1x |
| 2023-03-31 | 239.5 M | 101.5 M | 2.4x |
| 2024-03-31 | 371.3 M | 118.8 M | 3.1x |
The Inventory Turnover ratio measures the number for times a company’s inventory is sold and replaced over a year. It is a measure of working capital efficiency and a company’s inventory turnover is often benchmarked against competitors or the industry average. A low turnover ratio can serve as a leading indicator of poor sales (excess inventory) while a high ratio may imply strong sales.
The chart above depicts the distribution of Inventory Turnover for companies operating in the Industrials Sector in the Developing economic region. Over 3,280 companies were considered in this analysis, and 3,210 had meaningful values. The average Inventory Turnover of companies in the Sector is 27.6x with a standard deviation of 88.6x. Please note that Sector and Industry values may differ from other sources, as no adjustments have been made.
Jigar Cables Ltd's Inventory Turnover of 6.9x ranks in the 63.7% percentile for the Sector. The following table provides additional summary stats:
| Economic Risk Region | Developing |
| Total Constituents | 3,281 |
| Included Constituents | 3,210 |
| Min | 0.0x |
| Max | 910.0x |
| Median | 4.4x |
| Mean | 27.6x |
| Standard Deviation | 88.6x |
You can find companies with similar Inventory Turnover using this stock screener.