NFC PCL (BKK:NFC) Inventory Turnover : 4.97 (As of Dec. 2023)

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What is NFC 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. NFC PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿415 Mil. NFC PCL's Average Total Inventories for the quarter that ended in Dec. 2023 was ฿83 Mil. NFC PCL's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NFC PCL's Days Inventory for the three months ended in Dec. 2023 was 18.37.

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. NFC PCL's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.13.

NFC PCL Inventory Turnover Historical Data

The historical data trend for NFC 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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NFC PCL Inventory Turnover Chart

NFC PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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10.13

9.13

17.11

19.36

10.70

NFC 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															3.34	2.24	2.43	3.36	4.97

NFC PCL Inventory Turnover Calculation

NFC 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 )
=	1305.916	/ (	(153.533	+	90.463)	/	2 )
=	1305.916	/	121.998
=	10.70

NFC 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 )
=	414.77	/ (	(76.521	+	90.463)	/	2 )
=	414.77	/	83.492
=	4.97

NFC PCL (BKK:NFC) 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.

NFC 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
	=	83.492	/	414.77	*	365 / 4
	=	18.37

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.

NFC 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 )
	=	83.492	/	649.604
	=	0.13

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.

NFC PCL Inventory Turnover Related Terms

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NFC PCL (BKK:NFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » NFC PCL (BKK:NFC) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

The Park Land Road, 88 SC Group Building, 3rd Floor, Bangna Nuea Sub -District, Bangna District, Bangkok, THA, 10260

Website

http://www.nfc.co.th

NFC PCL is a Thailand-based company. Its core business activity is the sale of chemical products and other chemical-related services. The company also provides pier and warehouse services. It engages in the distribution of ammonia used in industries such as dyeing, medicine, polyester, plastic, fertilizer, cooler, oil refinery, rubber, monosodium glutamate, refrigerant; and Sulfuric Acid used in industries such as mining, petrochemical, dyeing, improving, and treating wastewater process. It operates in three reportable segments: Chemical, Service Chemical Storage Tank, and Port Service and Other.

NFC PCL (BKK:NFC) Headlines

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