Lohakit Metal PCL (BKK:LHK) Inventory Turnover : 1.04 (As of Dec. 2023)

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What is Lohakit Metal 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. Lohakit Metal PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿580 Mil. Lohakit Metal PCL's Average Total Inventories for the quarter that ended in Dec. 2023 was ฿558 Mil. Lohakit Metal PCL's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lohakit Metal PCL's Days Inventory for the three months ended in Dec. 2023 was 87.77.

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. Lohakit Metal PCL's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.86.

Lohakit Metal PCL Inventory Turnover Historical Data

The historical data trend for Lohakit Metal 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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Lohakit Metal PCL Inventory Turnover Chart

Lohakit Metal PCL Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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4.18

3.72

3.51

3.69

3.56

Lohakit Metal PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.80	1.01	0.89	1.10	1.04

Lohakit Metal PCL Inventory Turnover Calculation

Lohakit Metal PCL's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	2452.202	/ (	(745.563	+	632.733)	/	2 )
=	2452.202	/	689.148
=	3.56

Lohakit Metal PCL's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	579.898	/ (	(555.834	+	559.735)	/	2 )
=	579.898	/	557.7845
=	1.04

Lohakit Metal PCL (BKK:LHK) 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.

Lohakit Metal PCL's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	557.7845	/	579.898	*	365 / 4
	=	87.77

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.

Lohakit Metal PCL's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	557.7845	/	651.646
	=	0.86

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.

Lohakit Metal PCL Inventory Turnover Related Terms

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Lohakit Metal PCL (BKK:LHK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Lohakit Metal PCL (BKK:LHK) » Definitions » Inventory Turnover

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Address

66/1 Moo 6 Suksawad Road, Phrapradaeng, Samutprakarn, Bangjak, THA, 10130

Website

https://www.lohakit.co.th

Lohakit Metal PCL is engaged in the processing, distribution, and shearing of stainless steel, steel, and metal products in Thailand. It offers cold and hot rolled, austenitic, ferritic, and specialized stainless-steel products; ornamental tubes, square and rectangular tubes, automotive pipe, electro-galvanized steel, and galvanized steel products. The company's operating segments include Production and Distribution; and Procurement and Distribution. The company generates the majority of its revenues from Production and Distribution.

Lohakit Metal PCL (BKK:LHK) Headlines

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