Global Pet Industries (NSE:GLOBALPET) Inventory Turnover : 3.65 (As of Mar. 2022)

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What is Global Pet Industries 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. Global Pet Industries's Cost of Goods Sold for the six months ended in Mar. 2022 was ₹188.1 Mil. Global Pet Industries's Average Total Inventories for the quarter that ended in Mar. 2022 was ₹51.5 Mil. Global Pet Industries's Inventory Turnover for the quarter that ended in Mar. 2022 was 3.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Global Pet Industries's Days Inventory for the six months ended in Mar. 2022 was 50.01.

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. Global Pet Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2022 was 0.19.

Global Pet Industries Inventory Turnover Historical Data

The historical data trend for Global Pet Industries'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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Global Pet Industries Inventory Turnover Chart

Global Pet Industries Annual Data

Trend

Mar20

Mar21

Mar22

Inventory Turnover

7.64

4.38

3.65

Global Pet Industries Semi-Annual Data
	Mar20	Mar21	Mar22
Inventory Turnover	7.64	4.38	3.65

Global Pet Industries Inventory Turnover Calculation

Global Pet Industries's Inventory Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Inventory Turnover (A: Mar. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2022 )	/ (	(Total Inventories (A: Mar. 2021 )	+	Total Inventories (A: Mar. 2022 ))	/	count )
=	188.087	/ (	(50.571	+	52.516)	/	2 )
=	188.087	/	51.5435
=	3.65

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

	Inventory Turnover (Q: Mar. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2022 )	/ (	(Total Inventories (Q: Mar. 2021 )	+	Total Inventories (Q: Mar. 2022 ))	/	count )
=	188.087	/ (	(50.571	+	52.516)	/	2 )
=	188.087	/	51.5435
=	3.65

Global Pet Industries (NSE:GLOBALPET) 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.

Global Pet Industries's Days Inventory for the six months ended in Mar. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2022 )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
	=	51.5435	/	188.087	*	365 / 2
	=	50.01

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2022 )	/	Revenue (Q: Mar. 2022 )
	=	51.5435	/	276.057
	=	0.19

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.

Global Pet Industries Inventory Turnover Related Terms

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Global Pet Industries (NSE:GLOBALPET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Global Pet Industries Ltd (NSE:GLOBALPET) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit Nos. 8 to 15, 108 & 109, Karishma Industrial Estate, Survey No. 36, Hissa No. 5, Village Waliv, Dhumal Nagar, Near Rashmi Bungalow, Vasai East, Palghar, Vasai, MH, IND, 401208

Website

https://www.globalpetind.com

Global Pet Industries Ltd is engaged in manufacturing of PET Stretch Blow Moulding Machine which is used for manufacturing of machine which is suitable in the business segment of Pet stretch below moulding solutions from 50ml to 20 Litres of PET bottles such as fridge bottles, packaged drinking mineral water bottles, carbonated soft drinks bottles, hot fill juice bottles, edible oil bottles, liquid detergent bottles, cosmetic products bottles, confectionery jars, Pharma bottles, liquor & distilleries bottles, pesticides bottles, etc. Apart from manufacturing of PET Stretch Blow Moulding Machine, the company also provides after-sales services such as providing spares, components, accessories and providing repairs and maintenance of the machines after delivery.

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