Liberty Shoes (BOM:526596) Inventory Turnover : 0.49 (As of Mar. 2024)

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What is Liberty Shoes 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. Liberty Shoes's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹781 Mil. Liberty Shoes's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹1,584 Mil. Liberty Shoes's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Liberty Shoes's Days Inventory for the three months ended in Mar. 2024 was 185.06.

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. Liberty Shoes's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.93.

Liberty Shoes Inventory Turnover Historical Data

The historical data trend for Liberty Shoes'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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Liberty Shoes Inventory Turnover Chart

Liberty Shoes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.18

1.36

1.59

1.93

1.73

Liberty Shoes Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.57	0.34	0.48	0.41	0.49

Liberty Shoes Inventory Turnover Calculation

Liberty Shoes'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 )
=	3043.792	/ (	(1942.753	+	1584.113)	/	2 )
=	3043.792	/	1763.433
=	1.73

Liberty Shoes's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	781.091	/ (	(0	+	1584.113)	/	1 )
=	781.091	/	1584.113
=	0.49

Liberty Shoes (BOM:526596) 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.

Liberty Shoes's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1584.113	/	781.091	*	365 / 4
	=	185.06

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.

Liberty Shoes's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1584.113	/	1696.38
	=	0.93

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.

Liberty Shoes Inventory Turnover Related Terms

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Liberty Shoes (BOM:526596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Liberty Shoes Ltd (BOM:526596) » Definitions » Inventory Turnover

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LIBERTSHOE:India

Address

Tower - A, Phase- II, Ground Floor, Building No. 8, DLF Cyber City, Gurgaon, HR, IND, 122002

Website

https://www.libertyshoes.com

Liberty Shoes Ltd is involved in the footwear industry. The company has only one business segment which is Footwear. It is also engaged in the business of manufacturing and trading footwear and accessories through its retail and wholesale network. The product line of the company consists of Healers, Fortune, Force10, Senorita, Gliders, AHA, Coolers, Prefect, Lear, Senorita, and Footfun.

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