GMM Grammy PCL (BKK:GRAMMY) Inventory Turnover : 2.87 (As of Mar. 2024)

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What is GMM Grammy 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. GMM Grammy PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿735 Mil. GMM Grammy PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿256 Mil. GMM Grammy PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GMM Grammy PCL's Days Inventory for the three months ended in Mar. 2024 was 31.75.

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. GMM Grammy PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.18.

GMM Grammy PCL Inventory Turnover Historical Data

The historical data trend for GMM Grammy 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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GMM Grammy PCL Inventory Turnover Chart

GMM Grammy PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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21.27

15.81

10.01

12.42

14.13

GMM Grammy 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															3.01	3.53	2.55	4.64	2.87

GMM Grammy PCL Inventory Turnover Calculation

GMM Grammy 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 )
=	3632.663	/ (	(290.536	+	223.502)	/	2 )
=	3632.663	/	257.019
=	14.13

GMM Grammy 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 )
=	735.473	/ (	(223.502	+	288.336)	/	2 )
=	735.473	/	255.919
=	2.87

GMM Grammy PCL (BKK:GRAMMY) 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.

GMM Grammy 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
	=	255.919	/	735.473	*	365 / 4
	=	31.75

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.

GMM Grammy 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 )
	=	255.919	/	1414.476
	=	0.18

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.

GMM Grammy PCL Inventory Turnover Related Terms

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GMM Grammy PCL (BKK:GRAMMY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » GMM Grammy PCL (BKK:GRAMMY) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

50 Sukhumvit 21 Road (Asoke), GMM Grammy Place Tower, Klongtoey Nua, Wattana, Bangkok, THA, 10110

Website

https://www.gmmgrammy.com

GMM Grammy PCL is engaged in various entertainment businesses, including the music business, satellite television business, Digital TV business, movies business, home shopping business, and co-investment in other businesses. The company has three principal reportable segments i.e. 1) Music segment comprising music business and showbiz 2) Media segment comprising digital TV business GMM25 3) Others segment comprising merchandise and other services business.

GMM Grammy PCL (BKK:GRAMMY) Headlines

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