Global Surfaces (NSE:GSLSU) Inventory Turnover : 0.28 (As of Dec. 2023)

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What is Global Surfaces 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 Surfaces's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹163 Mil. Global Surfaces's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹575 Mil. Global Surfaces's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Global Surfaces's Days Inventory for the three months ended in Dec. 2023 was 321.96.

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 Surfaces's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.44.

Global Surfaces Inventory Turnover Historical Data

The historical data trend for Global Surfaces'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 Surfaces Inventory Turnover Chart

Global Surfaces Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

4.01

3.33

2.75

2.35

Global Surfaces Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial					0.39	0.95	0.04	0.28	0.28

Global Surfaces Inventory Turnover Calculation

Global Surfaces's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	1066.13	/ (	(469.14	+	439.58)	/	2 )
=	1066.13	/	454.36
=	2.35

Global Surfaces's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	163.07	/ (	(575.37	+	0)	/	1 )
=	163.07	/	575.37
=	0.28

Global Surfaces (NSE:GSLSU) 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 Surfaces's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	575.37	/	163.07	*	365 / 4
	=	321.96

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 Surfaces's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	575.37	/	400.65
	=	1.44

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 Surfaces Inventory Turnover Related Terms

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Global Surfaces (NSE:GSLSU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Global Surfaces Ltd (NSE:GSLSU) » Definitions » Inventory Turnover

Traded in Other Exchanges

543829:India

Address

Plot No. PA-10-006, Engineering and Related Industries SEZ, Mahindra World City Tehsil-Sanganer, Jaipur, RJ, IND, 302037

Website

https://www.globalsurfaces.in

Global Surfaces Ltd is engaged in processing natural stones and manufacturing engineered quartz. The Natural stones are produced through complex geological processes and forms various products like granite, limestone, marble, slate, quartzite, onyx, sandstone, travertine, and others that are quarried from the earth.

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