Tata Consumer Products (LSE:TGBL) Inventory Turnover : 0.87 (As of Mar. 2024)

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What is Tata Consumer Products 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. Tata Consumer Products's Cost of Goods Sold for the three months ended in Mar. 2024 was $292 Mil. Tata Consumer Products's Average Total Inventories for the quarter that ended in Mar. 2024 was $334 Mil. Tata Consumer Products's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tata Consumer Products's Days Inventory for the three months ended in Mar. 2024 was 104.29.

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. Tata Consumer Products's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.73.

Tata Consumer Products Inventory Turnover Historical Data

The historical data trend for Tata Consumer Products'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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Tata Consumer Products Inventory Turnover Chart

Tata Consumer Products Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.24

3.61

3.17

3.22

3.23

Tata Consumer Products 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															0.88	0.80	0.82	0.81	0.87

Tata Consumer Products Inventory Turnover Calculation

Tata Consumer Products'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 )
=	1068.533	/ (	(328.405	+	333.571)	/	2 )
=	1068.533	/	330.988
=	3.23

Tata Consumer Products'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 )
=	291.862	/ (	(0	+	333.571)	/	1 )
=	291.862	/	333.571
=	0.87

Tata Consumer Products (LSE:TGBL) 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.

Tata Consumer Products'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
	=	333.571	/	291.862	*	365 / 4
	=	104.29

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.

Tata Consumer Products'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 )
	=	333.571	/	460.074
	=	0.73

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.

Tata Consumer Products Inventory Turnover Related Terms

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Tata Consumer Products (LSE:TGBL) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tata Consumer Products Ltd (LSE:TGBL) » Definitions » Inventory Turnover

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TATACONSUM:India 500800:India

Address

11/13 Botawala Building 1st Floor, Office No 2-6 Horniman Circle Fort, Fort, Mumbai, MH, IND, 400 001

Website

https://www.tataconsumer.com

Tata Consumer Products Ltd is a manufacturer and supplier of consumer food and beverages. The company's products include tea, coffee, water, salt, pulses, spices, and ready-to-eat offerings. Its key beverage brands include Tata Tea, Tetley, Eight O'Clock Coffee, Tata Coffee Grand, and Himalayan Natural Mineral Water. Its food portfolio includes brands such as Tata Salt and Tata Sampann. Its segment includes Branded Business, Non-Branded Business and Others. The company has an international presence and generates more than half of its revenue in India.

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