Country Group Development PCL (BKK:CGD) Inventory Turnover : 0.15 (As of Mar. 2024)

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What is Country Group Development PCL 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. Country Group Development PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿490 Mil. Country Group Development PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿3,248 Mil. Country Group Development PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Country Group Development PCL's Days Inventory for the three months ended in Mar. 2024 was 605.11.

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. Country Group Development PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 4.32.

Country Group Development PCL Inventory Turnover Historical Data

The historical data trend for Country Group Development PCL'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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Country Group Development PCL Inventory Turnover Chart

Country Group Development PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.03

0.19

0.50

0.53

Country Group Development PCL 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															0.14	0.12	0.14	0.13	0.15

Country Group Development PCL Inventory Turnover Calculation

Country Group Development PCL's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	2305.494	/ (	(5259.896	+	3444.97)	/	2 )
=	2305.494	/	4352.433
=	0.53

Country Group Development PCL'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 )
=	489.856	/ (	(3444.97	+	3051.883)	/	2 )
=	489.856	/	3248.4265
=	0.15

Country Group Development PCL (BKK:CGD) 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.

Country Group Development PCL'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
	=	3248.4265	/	489.856	*	365 / 4
	=	605.11

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.

Country Group Development PCL'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 )
	=	3248.4265	/	752.367
	=	4.32

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.

Country Group Development PCL Inventory Turnover Related Terms

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Country Group Development PCL (BKK:CGD) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Country Group Development PCL (BKK:CGD) » Definitions » Inventory Turnover

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CGD-F:Thailand

Address

Ploenchit Road, Lumpini, 898 Ploenchit Tower, 20th floor, Pathum Wan, Bangkok, THA, 10330

Website

https://www.cgd.co.th

Country Group Development PCL is a holding company investing in real estate. It operates in the business segments of Real estate development and investment property. Its project includes Elements Srinakarin, Four Seasons private residences, Four Seasons Hotel, Capella, Anchorage Point, Rama III Residence, Chao Phraya Estate Project, and others. The firm derives its revenue from the Real estate development segment.

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