Globus Spirits (NSE:GLOBUSSPR) Inventory Turnover : 2.26 (As of Sep. 2024)

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What is Globus Spirits 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. Globus Spirits's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹4,539 Mil. Globus Spirits's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹2,006 Mil. Globus Spirits's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Globus Spirits's Days Inventory for the three months ended in Sep. 2024 was 40.33.

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. Globus Spirits's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.31.

Globus Spirits Inventory Turnover Historical Data

The historical data trend for Globus Spirits'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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Globus Spirits Inventory Turnover Chart

Globus Spirits Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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8.54

6.95

8.70

10.13

10.03

Globus Spirits Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															2.42	3.15	2.76	2.39	2.26

Globus Spirits Inventory Turnover Calculation

Globus Spirits's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	17382.442	/ (	(1577.812	+	1889.692)	/	2 )
=	17382.442	/	1733.752
=	10.03

Globus Spirits's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	4539.307	/ (	(0	+	2006.198)	/	1 )
=	4539.307	/	2006.198
=	2.26

Globus Spirits (NSE:GLOBUSSPR) 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.

Globus Spirits's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	2006.198	/	4539.307	*	365 / 4
	=	40.33

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.

Globus Spirits's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	2006.198	/	6380.59
	=	0.31

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.

Globus Spirits Inventory Turnover Related Terms

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Globus Spirits Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Globus Spirits Ltd (NSE:GLOBUSSPR) » Definitions » Inventory Turnover

Traded in Other Exchanges

533104:India

Address

Plot No. 1 and 2, Ishwar Nagar, Mathura Road, F-0, Ground Floor, The Mira Corporate Suites, New Delhi, IND, 110065

Website

https://www.globusspirits.com

Globus Spirits Ltd is engaged in the business of manufacture and sale of Indian Made Indian Liquor (IMIL) Indian Made Foreign Liquor (IMFL), Bulk Alcohol, and Franchise Bottling. The IMFL brands of the company include Country Club, French Castle, Hannibal Legendary, and White Lace.

Globus Spirits Headlines

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