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President Automobile Industries PCL (BKK:PACO) Inventory Turnover : 0.44 (As of Mar. 2024)


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What is President Automobile Industries 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. President Automobile Industries PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿203 Mil. President Automobile Industries PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿459 Mil. President Automobile Industries PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. President Automobile Industries PCL's Days Inventory for the three months ended in Mar. 2024 was 206.55.

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. President Automobile Industries PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.77.


President Automobile Industries PCL Inventory Turnover Historical Data

The historical data trend for President Automobile Industries 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.

* Premium members only.

President Automobile Industries PCL Inventory Turnover Chart

President Automobile Industries PCL Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
- 1.48 1.39 1.58 1.73

President Automobile Industries PCL Quarterly Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.35 0.45 0.47 0.45 0.44

President Automobile Industries PCL Inventory Turnover Calculation

President Automobile Industries 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 )
=877.546 / ((541.086 + 474.518) / 2 )
=877.546 / 507.802
=1.73

President Automobile Industries 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 )
=202.716 / ((474.518 + 443.219) / 2 )
=202.716 / 458.8685
=0.44

* 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.


President Automobile Industries PCL  (BKK:PACO) 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.

President Automobile Industries 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
=458.8685/202.716*365 / 4
=206.55

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.

President Automobile Industries 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 )
=458.8685 / 259.734
=1.77

* 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.


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.


President Automobile Industries PCL Inventory Turnover Related Terms

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President Automobile Industries PCL (BKK:PACO) Business Description

Traded in Other Exchanges
N/A
Address
Satethakit 1 Road, 88/8, Moo 9, Soi Wor-Por-Or 11 (Piset), Suanluang, Kratumban, Samutsakorn, THA, 74110
President Automobile Industries PCL is engaged in two reportable segments the manufacture and distribution of automotive air conditioning components and the trading segment. The products offered by the company are condensers, evaporators, compressors, oil coolers, Air conditioning electrical parts, refrigerants, intercoolers and other accessories. The company has a business presence in Thailand, the Middle East, South East Asia, South Asia, North America, South America, Europe, East Asia and other regions.

President Automobile Industries PCL (BKK:PACO) Headlines

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