Springs Global Participacoes (BSP:SGPS3) Inventory Turnover : 0.54 (As of Mar. 2023)

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What is Springs Global Participacoes 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. Springs Global Participacoes's Cost of Goods Sold for the three months ended in Mar. 2023 was R$187 Mil. Springs Global Participacoes's Average Total Inventories for the quarter that ended in Mar. 2023 was R$344 Mil. Springs Global Participacoes's Inventory Turnover for the quarter that ended in Mar. 2023 was 0.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Springs Global Participacoes's Days Inventory for the three months ended in Mar. 2023 was 168.26.

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. Springs Global Participacoes's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 2.01.

Springs Global Participacoes Inventory Turnover Historical Data

The historical data trend for Springs Global Participacoes'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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Springs Global Participacoes Inventory Turnover Chart

Springs Global Participacoes Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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2.00

2.46

2.61

2.41

Springs Global Participacoes Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Inventory Turnover	Get a 7-Day Free Trial															0.50	0.52	0.59	0.64	0.54

Springs Global Participacoes Inventory Turnover Calculation

Springs Global Participacoes's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	1054.844	/ (	(517.713	+	358.149)	/	2 )
=	1054.844	/	437.931
=	2.41

Springs Global Participacoes's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	186.554	/ (	(358.149	+	329.839)	/	2 )
=	186.554	/	343.994
=	0.54

Springs Global Participacoes (BSP:SGPS3) 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.

Springs Global Participacoes's Days Inventory for the three months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	343.994	/	186.554	*	365 / 4
	=	168.26

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.

Springs Global Participacoes's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	343.994	/	171.342
	=	2.01

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.

Springs Global Participacoes Inventory Turnover Related Terms

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Springs Global Participacoes (BSP:SGPS3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Springs Global Participacoes SA (BSP:SGPS3) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Avenue Lincoln Alves Dos Santos. 955, Montes Claros, MG, BRA, 39404005

Website

https://www.springs.com

Springs Global Participacoes SA is engaged in the textile industry. The company operates in the business of spinning, weaving, finishing, and manufacturing home textile products, bed and bath textile articles such as tablecloths, bed sheets, pillowcases, mattress pads, blankets, towels, shower curtains and bath accessories. The firm operates in Wholesale and Retail business units. It operates production facilities in Brazil, Argentina, and the United States. The wholesale unit accounts for the majority of revenue.

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