United Breweries (BOM:532478) Inventory Turnover : 0.70 (As of Dec. 2023)

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What is United Breweries Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. United Breweries's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹10,186 Mil. United Breweries's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹14,642 Mil. United Breweries's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. United Breweries's Days Inventory for the three months ended in Dec. 2023 was 131.17.

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. United Breweries's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.80.

United Breweries Inventory Turnover Historical Data

The historical data trend for United Breweries's Inventory Turnover 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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United Breweries Inventory Turnover Chart

United Breweries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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3.41

3.09

1.89

2.93

3.75

United Breweries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.80	0.87	0.94	0.71	0.70

United Breweries Inventory Turnover Calculation

United Breweries's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	44292.2	/ (	(9358.1	+	14278.1)	/	2 )
=	44292.2	/	11818.1
=	3.75

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	10186.1	/ (	(14641.8	+	0)	/	1 )
=	10186.1	/	14641.8
=	0.70

United Breweries (BOM:532478) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

United Breweries'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
	=	14641.8	/	10186.1	*	365 / 4
	=	131.17

2. 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.

United Breweries'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 )
	=	14641.8	/	18244.6
	=	0.80

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

United Breweries Inventory Turnover Related Terms

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United Breweries (BOM:532478) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » United Breweries Ltd (BOM:532478) » Definitions » Inventory Turnover

Traded in Other Exchanges

UBL:India

Address

No. 24 Vittal Mallya Road, UB Tower, UB City, Bengaluru, KA, IND, 560 001

Website

https://www.unitedbreweries.com

United Breweries Ltd brews and sells beer and flavored malt beverages in India. The company has dozens of production facilities in India, and it licenses its brands to be manufactured in the United Kingdom, Australia, and New Zealand for sale worldwide. The company's flagship brand is Kingfisher, which is prominent in India and is sold in dozens of countries around the world. It has two segments Beer and Non-alcoholic beverages. It derives the majority of its revenue from the Beer segment. The company's other brands include Bullet, Cannon 10000, Kalyani, UB Export, Zingaroo, and London Pilsner. United Breweries also sells the Heineken brand in India.

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