Godfrey Phillips India (BOM:500163) Inventory Turnover : 0.66 (As of Dec. 2023)

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What is Godfrey Phillips India 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. Godfrey Phillips India's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹7,355 Mil. Godfrey Phillips India's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹11,128 Mil. Godfrey Phillips India's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Godfrey Phillips India's Days Inventory for the three months ended in Dec. 2023 was 138.06.

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. Godfrey Phillips India's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.90.

Godfrey Phillips India Inventory Turnover Historical Data

The historical data trend for Godfrey Phillips India'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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Godfrey Phillips India Inventory Turnover Chart

Godfrey Phillips India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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1.77

1.92

1.73

1.58

2.05

Godfrey Phillips India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.56	0.44	0.60	0.60	0.66

Godfrey Phillips India Inventory Turnover Calculation

Godfrey Phillips India'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 )
=	18001.908	/ (	(8287.145	+	9281.483)	/	2 )
=	18001.908	/	8784.314
=	2.05

Godfrey Phillips India'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 )
=	7354.8	/ (	(11128	+	0)	/	1 )
=	7354.8	/	11128
=	0.66

Godfrey Phillips India (BOM:500163) 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.

Godfrey Phillips India'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
	=	11128	/	7354.8	*	365 / 4
	=	138.06

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.

Godfrey Phillips India'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 )
	=	11128	/	12354
	=	0.90

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.

Godfrey Phillips India Inventory Turnover Related Terms

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Godfrey Phillips India (BOM:500163) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Godfrey Phillips India Ltd (BOM:500163) » Definitions » Inventory Turnover

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GODFRYPHLP:India

Address

Omaxe Square, Plot No.14, Jasola District Centre, Jasola, New Delhi, IND, 110025

Website

https://www.godfreyphillips.com

Godfrey Phillips India Ltd is a cigarette manufacturer that sells its products globally under brand names including Four Square, Red & White, Cavanders, Jaisalmer, Stellar, and Marlboro which it has a license to sell in India. Cigarette sales account for the vast majority of the total revenue, although the company also sells tea and other retail products. Most Godfrey Phillips sales are generated in India, but the company exports some of its cigarette brands and cuts tobacco.

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