Thai Airways International PCL (Thai Airways International PCL) Days Inventory : 15.42 (As of Dec. 2023)

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What is Thai Airways International PCL Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Thai Airways International PCL's Average Total Inventories for the three months ended in Dec. 2023 was $147 Mil. Thai Airways International PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was $868 Mil. Hence, Thai Airways International PCL's Days Inventory for the three months ended in Dec. 2023 was 15.42.

The historical rank and industry rank for Thai Airways International PCL's Days Inventory or its related term are showing as below:

TAWNF' s Days Inventory Range Over the Past 10 Years
Min: 9.97 Med: 13.53 Max: 43.2
Current: 16.24

During the past 13 years, Thai Airways International PCL's highest Days Inventory was 43.20. The lowest was 9.97. And the median was 13.53.

TAWNF's Days Inventory is ranked worse than
60.61% of 782 companies
in the Transportation industry
Industry Median: 11.49 vs TAWNF: 16.24

Thai Airways International PCL's Days Inventory increased from Dec. 2022 (13.37) to Dec. 2023 (15.42). It might indicate that Thai Airways International PCL's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Thai Airways International PCL's Inventory Turnover for the three months ended in Dec. 2023 was 5.92.

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. Thai Airways International PCL's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.12.

Thai Airways International PCL Days Inventory Historical Data

The historical data trend for Thai Airways International PCL's Days Inventory 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.

* Premium members only.

Thai Airways International PCL Days Inventory Chart

Thai Airways International PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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9.75

20.58

45.73

18.24

16.48

Thai Airways International PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															13.37	15.74	16.27	17.49	15.42

Competitive Comparison of Thai Airways International PCL's Days Inventory

For the Airlines subindustry, Thai Airways International PCL's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Thai Airways International PCL's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Thai Airways International PCL's Days Inventory distribution charts can be found below:

* The bar in red indicates where Thai Airways International PCL's Days Inventory falls into.

Thai Airways International PCL Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Thai Airways International PCL's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (127.961	+	150.191)	/	2 )	/	3081.187	*	365
=	139.076					/	3081.187	*	365
=	16.48

Thai Airways International PCL's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (143.201	+	150.191)	/	2 )	/	867.828	*	365 / 4
=	146.696					/	867.828	*	365 / 4
=	15.42

Thai Airways International PCL (OTCPK:TAWNF) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Thai Airways International PCL's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	867.828	/	146.696
	=	5.92

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.

Thai Airways International PCL's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	146.696	/	1222.65
	=	0.12

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Thai Airways International PCL Days Inventory Related Terms

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Thai Airways International PCL (Thai Airways International PCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Thai Airways International PCL (OTCPK:TAWNF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 Vibhavadi Rangsit Road, Chom Phon, Chatuchak District, Bangkok, THA, 10900

Website

https://www.thaiairways.com

Thai Airways International PCL is a state-owned enterprise (Thailand) operating domestic, regional, and intercontinental flights. The company has three main businesses: air transport (majority of total revenue), business units, and support services. The air transport business focuses on transportation of passengers, cargo, and mail. It utilizes scheduled and chartered flights to domestic and international destinations. The business units segment works to ensure all flights reach their destination on time and at the correct location. Additionally, it offers support with cargo terminal handling, group equipment services, and catering services. The majority of revenue originates outside of Thailand, with the biggest source coming from Europe.