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
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
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
* 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.
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:
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
* 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 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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