Globe Textiles (India) (NSE:GLOBE) Change In Inventory : ₹0 Mil (TTM As of Dec. 2023)

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What is Globe Textiles (India) Change In Inventory?

Globe Textiles (India)'s change in inventory for the quarter that ended in Dec. 2023 was ₹0 Mil. It means Globe Textiles (India)'s inventory stayed the same from Sep. 2023 to Dec. 2023 .

Globe Textiles (India)'s change in inventory for the fiscal year that ended in Mar. 2023 was ₹10 Mil. It means Globe Textiles (India)'s inventory declined by ₹10 Mil from Mar. 2022 to Mar. 2023 .

Globe Textiles (India)'s Total Inventories for the quarter that ended in Dec. 2023 was ₹0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Globe Textiles (India)'s Days Inventory for the quarter that ended in Dec. 2023 was 55.47.

Inventory Turnover measures how fast the company turns over its inventory within a year. Globe Textiles (India)'s Inventory Turnover for the quarter that ended in Dec. 2023 was 1.65.

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. Globe Textiles (India)'s Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.51.

Globe Textiles (India) Change In Inventory Historical Data

The historical data trend for Globe Textiles (India)'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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Globe Textiles (India) Change In Inventory Chart

Globe Textiles (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Inventory

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-49.73

-106.65

-46.05

-102.25

10.17

Globe Textiles (India) Quarterly Data
	Sep18	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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Globe Textiles (India) 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 Mil.

Globe Textiles (India) (NSE:GLOBE) Change In Inventory Explanation

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

Globe Textiles (India)'s Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	471.6785	/	775.966	*	365 / 4
	=	55.47

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

Globe Textiles (India)'s Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	775.966	/	471.6785
	=	1.65

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.

Globe Textiles (India)'s Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	471.6785	/	928.296
	=	0.51

Globe Textiles (India) Change In Inventory Related Terms

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Globe Textiles (India) (NSE:GLOBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Globe Textiles (India) Ltd (NSE:GLOBE) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

Ahmedabad Apparel Park, Plot No. 38 to 41, GIDC Khokhra, Ahmedabad, GJ, IND, 380008

Website

http://www.globetextiles.net

Globe Textiles (India) Ltd manufactures, supplies, and trades textile and apparel products and services from fiber to fashion. The company products include Denim and Non-Denim Fabrics, Shirting Fabrics, Printed Fabrics, Home Textiles, Jeans, and Yarns. The company has its operations in India and outside India.

Globe Textiles (India) (NSE:GLOBE) Headlines

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