Pincon Spirit (NSE:PINCON) Inventory Turnover: 3.65 (As of Sep. 2017)


What is Pincon Spirit Inventory Turnover?

Pincon Spirit NSE:PINCON Inventory Turnover is 3.65 as of Sep. 2017.

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. Pincon Spirit's Cost of Goods Sold for the six months ended in Sep. 2017 was ₹8,015 Mil. Pincon Spirit's Average Total Inventories for the quarter that ended in Sep. 2017 was ₹2,194 Mil. Pincon Spirit's Inventory Turnover for the quarter that ended in Sep. 2017 was 3.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pincon Spirit's Days Inventory for the six months ended in Sep. 2017 was 49.95.

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. Pincon Spirit's Inventory-to-Revenue for the quarter that ended in Sep. 2017 was 0.25.

Pincon Spirit  (NSE:PINCON) 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.

Pincon Spirit's Days Inventory for the six months ended in Sep. 2017 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2017 )/Cost of Goods Sold (Q: Sep. 2017 )*Days in Period
=2193.899/8015.36*365 / 2
=49.95

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.

Pincon Spirit's Inventory to Revenue for the quarter that ended in Sep. 2017 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2017 ) / Revenue (Q: Sep. 2017 )
=2193.899 / 8925.656
=0.25

* 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.

Pincon Spirit Inventory Turnover Related Terms

Pincon Spirit Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Pincon Spirit'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.

Pincon Spirit Inventory Turnover Chart

Pincon Spirit Annual Data
Trend Mar14 Mar15 Mar16 Mar17
Inventory Turnover
11.14 11.28 6.43 6.99

Pincon Spirit Semi-Annual Data
Mar14 Mar15 Mar16 Sep16 Mar17 Sep17
Inventory Turnover Get a 7-Day Free Trial 0.00 0.00 2.98 4.55 3.65

Pincon Spirit Inventory Turnover Calculation

Pincon Spirit's Inventory Turnover for the fiscal year that ended in Mar. 2017 is calculated as

Inventory Turnover (A: Mar. 2017 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2017 ) / ((Total Inventories (A: Mar. 2016 ) + Total Inventories (A: Mar. 2017 )) / count )
=14347.219 / ((2009.007 + 2096.943) / 2 )
=14347.219 / 2052.975
=6.99

Pincon Spirit's Inventory Turnover for the quarter that ended in Sep. 2017 is calculated as

Inventory Turnover (Q: Sep. 2017 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2017 ) / ((Total Inventories (Q: Mar. 2017 ) + Total Inventories (Q: Sep. 2017 )) / count )
=8015.36 / ((2096.943 + 2290.855) / 2 )
=8015.36 / 2193.899
=3.65

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 3.65 mean?
Pincon Spirit (NSE:PINCON) has a Inventory Turnover of 3.65 as of Sep. 2017. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Pincon Spirit and its competitors.
Is Pincon Spirit's Inventory Turnover too high?
Pincon Spirit's current Inventory Turnover is 3.65.
How does Pincon Spirit's Inventory Turnover compare to THST and JCTG?
Pincon Spirit's Inventory Turnover of 3.65 can be compared against companies in the Beverages - Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Beverages - Alcoholic company?
A good Inventory Turnover depends on the Beverages - Alcoholic industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Pincon Spirit and its competitors. Pincon Spirit's current Inventory Turnover is 3.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pincon Spirit stock overvalued right now?
Pincon Spirit (NSE:PINCON) has a current Inventory Turnover of 3.65. The current Inventory Turnover is 3.65. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Pincon Spirit (NSE:PINCON), the current Inventory Turnover is 3.65 as of Sep. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Pincon Spirit Business Description

Address Number 103, 3rd Floor, Samskruthi Chambers, K.H Road, Shanthi Nagar, Bengaluru, KA, IND, 560027
Pincon Spirit Ltd is engaged in blending, bottling and wholesale distributions of Indian Made Foreign Liquor (IMFL), Indian Made Indian Liquor (IMIL) and refining, packaging and wholesale distributions of fast moving consumer goods. The company derives its revenue from its Indian Made Foreign Liquor (IMFL), Indian Made Indian Liquor (IMIL) segment. The Edible oils business segment is engaged in the manufacture of edible oils and the Company owns a refining and packaging unit.