Global Education (NSE:GLOBAL) Change In Inventory : ₹-0.9 Mil (TTM As of Dec. 2023)

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What is Global Education Change In Inventory?

Global Education's change in inventory for the quarter that ended in Dec. 2023 was ₹3.0 Mil. It means Global Education's inventory declined by ₹3.0 Mil from Sep. 2023 to Dec. 2023 .

Global Education's change in inventory for the fiscal year that ended in Mar. 2023 was ₹2.3 Mil. It means Global Education's inventory declined by ₹2.3 Mil from Mar. 2022 to Mar. 2023 .

Global Education's Total Inventories for the quarter that ended in Dec. 2023 was ₹10.7 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Global Education's Days Inventory for the quarter that ended in Dec. 2023 was 47.14.

Inventory Turnover measures how fast the company turns over its inventory within a year. Global Education's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.94.

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. Global Education's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.07.

Global Education Change In Inventory Historical Data

The historical data trend for Global Education's Change In Inventory 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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Global Education Change In Inventory Chart

Global Education Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Inventory

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-1.74

-3.04

-0.29

-2.17

2.35

Global Education Quarterly Data
	Sep18	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-3.77	3.66	-8.76	1.23	2.98

Global Education Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-0.9 Mil.

Global Education (NSE:GLOBAL) Change In Inventory Explanation

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

Global Education's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	12.2175	/	23.649	*	365 / 4
	=	47.14

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

Global Education's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	23.649	/	12.2175
	=	1.94

3. 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.

Global Education's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12.2175	/	185.01
	=	0.07

Global Education Change In Inventory Related Terms

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Global Education (NSE:GLOBAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Global Education Ltd (NSE:GLOBAL) » Definitions » Change In Inventory

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N/A

Address

345, Kingsway, 4th Floor, Usha Complex, Nagpur, MH, IND, 440001

Website

https://www.globaledu.net.in

Global Education Ltd is a service provider for educational support and related activities. It operates in two segments, namely, Educational Training and Development Activities and Educational Business Support Activities. The company offers professional training and skill development to corporates, teachers, and students for human capital development and other business support services to educational institutions. The company earns its major revenue from the Educational Business Support Activities segment.

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