The Platinum Group PCL (BKK:PLAT) Inventory Turnover : 9.86 (As of Mar. 2024)

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What is The Platinum Group 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. The Platinum Group PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿288 Mil. The Platinum Group PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿29 Mil. The Platinum Group PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 9.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Platinum Group PCL's Days Inventory for the three months ended in Mar. 2024 was 9.26.

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. The Platinum Group PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

The Platinum Group PCL Inventory Turnover Historical Data

The historical data trend for The Platinum Group 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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The Platinum Group PCL Inventory Turnover Chart

The Platinum Group PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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80.66

52.79

44.87

37.87

38.38

The Platinum Group 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															9.43	9.84	10.42	9.67	9.86

The Platinum Group PCL Inventory Turnover Calculation

The Platinum Group 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 )
=	1025.669	/ (	(25.517	+	27.928)	/	2 )
=	1025.669	/	26.7225
=	38.38

The Platinum Group 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 )
=	287.644	/ (	(27.928	+	30.438)	/	2 )
=	287.644	/	29.183
=	9.86

The Platinum Group PCL (BKK:PLAT) 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.

The Platinum Group 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
	=	29.183	/	287.644	*	365 / 4
	=	9.26

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.

The Platinum Group 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 )
	=	29.183	/	568.046
	=	0.05

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.

The Platinum Group PCL Inventory Turnover Related Terms

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The Platinum Group PCL (BKK:PLAT) Business Description

Industry

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Traded in Other Exchanges

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Address

Phetchaburi Road, 222/1398, 11th Floor, The Platinum Fashion Mall Building, Ratchathewi District, Petchaburi Road Sub-District, Bangkok, THA, 10400

Website

http://www.theplatinumgroup.co.th

The Platinum Group PCL is engaged in the provision of property rental, hotel, and food center operations in the country of Thailand. Its projects include the Platinum Fashion Mall, War Samui, Holiday Inn Express Samui Hotel, Novotel Bangkok Platinum, and the Platinum Food Center, and others. The company and its subsidiaries are organized into business units based on its products and services and have three reportable segments which are Development and rental of retail space in shopping centers and related services; Hotel operations; and Food and beverages centers. The vast majority of its revenue is generated from its retail space development and rental segment.