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Globe Textiles (India) (NSE:GLOBE) Total Inventories : ₹0 Mil (As of Dec. 2023)


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What is Globe Textiles (India) Total Inventories?

Globe Textiles (India)'s total inventories for the quarter that ended in Dec. 2023 was ₹0 Mil. Globe Textiles (India)'s average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was ₹472 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Globe Textiles (India)'s Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ₹N/A.

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 three months 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) Total Inventories Historical Data

The historical data trend for Globe Textiles (India)'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.

* Premium members only.

Globe Textiles (India) Total Inventories Chart

Globe Textiles (India) Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 483.14 589.79 635.84 852.47 842.29

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
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 842.29 - 943.36 -

Globe Textiles (India) 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.


Globe Textiles (India)  (NSE:GLOBE) 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.

Globe Textiles (India)'s Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

Net-Net Working Capital Per Share (Q: Dec. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0+0.75 * 0+0.5 * 0-N/A
-0-0)/184.51
=N/A

2. 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 three months ended in Dec. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=471.6785/775.966*365 / 4
=55.47

3. 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 (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=775.966 / 471.6785
=1.65

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.

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

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=471.6785 / 928.296
=0.51

* 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.


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.


Globe Textiles (India) Total Inventories Related Terms

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

Traded in Other Exchanges
N/A
Address
Ahmedabad Apparel Park, Plot No. 38 to 41, GIDC Khokhra, Ahmedabad, GJ, IND, 380008
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.

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