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Spire Inventory Turnover

: 2.05 (As of Mar. 2022)
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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. Spire's Cost of Goods Sold for the three months ended in Mar. 2022 was $505.20 Mil. Spire's Total Inventories for the quarter that ended in Mar. 2022 was $246.95 Mil. Spire's Inventory Turnover for the quarter that ended in Mar. 2022 was 2.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Spire's Days Inventory for the three months ended in Mar. 2022 was 44.60.

Total Inventories can be measured by Days Sales of Inventory (DSI). Spire's days sales of inventory (DSI) for the three months ended in Mar. 2022 was 25.58.

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. Spire's Inventory-to-Revenue for the quarter that ended in Mar. 2022 was 0.28.


Spire Inventory Turnover Historical Data

The historical data trend for Spire'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.

* Premium members only.

Spire Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Inventory Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.18 6.19 6.46 5.95 5.69

Spire Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Inventory Turnover 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 Premium Member Only Premium Member Only Premium Member Only 4.05 1.05 0.66 1.16 2.05

Spire Inventory Turnover Calculation

Spire's Inventory Turnover for the fiscal year that ended in Sep. 2021 is calculated as

Inventory Turnover (A: Sep. 2021 )
=Cost of Goods Sold / Total Inventories
=Cost of Goods Sold (A: Sep. 2021 ) / ((Total Inventories (A: Sep. 2020 ) + Total Inventories (A: Sep. 2021 )) / count )
=1412.1 / ((191.5 + 305) / 2 )
=1412.1 / 248.25
=5.69

Spire's Inventory Turnover for the quarter that ended in Mar. 2022 is calculated as

Inventory Turnover (Q: Mar. 2022 )
=Cost of Goods Sold / Total Inventories
=Cost of Goods Sold (Q: Mar. 2022 ) / ((Total Inventories (Q: Dec. 2021 ) + Total Inventories (Q: Mar. 2022 )) / count )
=505.2 / ((325.6 + 168.3) / 2 )
=505.2 / 246.95
=2.05

* 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.


Spire  (NYSE:SRpA.PFD) 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.

Spire's Days Inventory for the three months ended in Mar. 2022 is calculated as:

Days Inventory =Total Inventories (Q: Mar. 2022 )/Cost of Goods Sold (Q: Mar. 2022 )*Days in Period
=246.95/505.2*365 / 4
=44.60

2. Total Inventories can be measured by Days Sales of Inventory (DSI).

Spire's Days Sales of Inventory for the three months ended in Mar. 2022 is calculated as:

Days Sales of Inventory (DSI)=Total Inventories (Q: Mar. 2022 )/Revenue (Q: Mar. 2022 )*Days in Period
=246.95/880.9*365 / 4
=25.58

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.

Spire's Inventory to Revenue for the quarter that ended in Mar. 2022 is calculated as

Inventory-to-Revenue=Total Inventories (Q: Mar. 2022 ) / Revenue (Q: Mar. 2022 )
=246.95 / 880.9
=0.28

* 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

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.


Spire Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Spire's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Spire Business Description

Spire logo
Industry
Utilities » Utilities - Regulated NAICS : 221210 SIC : 4924
Traded in Other Exchanges
Address
700 Market Street, Saint Louis, MO, USA, 63101
Spire Inc is a public utility holding company with two key business segments: Gas Utility and Gas Marketing. The Gas Utility segment includes the regulated operations of Laclede Gas, Alabama Gas Corporation (Alagasco), and EnergySouth Inc. The Utilities businesses operations include the purchase, retail, distribution, and sale of natural gas in Missouri, Alabama, and Mississippi. The Gas Utility segment generates a majority of the company's revenue but is subject to seasonal fluctuations. The Gas Marketing segment includes Laclede Energy Resources, Inc, whose operations include the marketing of natural gas and related activities on a non-regulated basis.
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