Sahaviriya Steel Industries (BKK:SSI-R) Inventory Turnover : 1.35 (As of Dec. 2019)

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What is Sahaviriya Steel Industries 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. Sahaviriya Steel Industries's Cost of Goods Sold for the six months ended in Dec. 2019 was ฿10,899.35 Mil. Sahaviriya Steel Industries's Average Total Inventories for the quarter that ended in Dec. 2019 was ฿8,067.07 Mil. Sahaviriya Steel Industries's Inventory Turnover for the quarter that ended in Dec. 2019 was 1.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sahaviriya Steel Industries's Days Inventory for the six months ended in Dec. 2019 was 135.08.

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. Sahaviriya Steel Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2019 was 0.78.

Sahaviriya Steel Industries Inventory Turnover Historical Data

The historical data trend for Sahaviriya Steel Industries'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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Sahaviriya Steel Industries Inventory Turnover Chart

Sahaviriya Steel Industries Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Inventory Turnover

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2.42

3.21

3.15

3.44

2.93

Sahaviriya Steel Industries Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19
Inventory Turnover	Get a 7-Day Free Trial															1.64	1.82	1.65	1.55	1.35

Sahaviriya Steel Industries Inventory Turnover Calculation

Sahaviriya Steel Industries's Inventory Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory Turnover (A: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2019 )	/ (	(Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )
=	25102.857	/ (	(9672.926	+	7463.701)	/	2 )
=	25102.857	/	8568.3135
=	2.93

Sahaviriya Steel Industries's Inventory Turnover for the quarter that ended in Dec. 2019 is calculated as

	Inventory Turnover (Q: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2019 )	/ (	(Total Inventories (Q: Jun. 2019 )	+	Total Inventories (Q: Dec. 2019 ))	/	count )
=	10899.352	/ (	(8670.436	+	7463.701)	/	2 )
=	10899.352	/	8067.0685
=	1.35

Sahaviriya Steel Industries (BKK:SSI-R) 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.

Sahaviriya Steel Industries's Days Inventory for the six months ended in Dec. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2019 )	/	Cost of Goods Sold (Q: Dec. 2019 )	*	Days in Period
	=	8067.0685	/	10899.352	*	365 / 2
	=	135.08

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.

Sahaviriya Steel Industries's Inventory to Revenue for the quarter that ended in Dec. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2019 )	/	Revenue (Q: Dec. 2019 )
	=	8067.0685	/	10304.572
	=	0.78

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.

Sahaviriya Steel Industries Inventory Turnover Related Terms

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Sahaviriya Steel Industries (BKK:SSI-R) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Sahaviriya Steel Industries PLC (BKK:SSI-R) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

2nd - 3rd Floor, Surasak Road, 28/1 Prapawit Building, Kwang Silom, Khet Bangrak, Bangkok, THA, 10500

Website

http://www.ssi-steel.com

Sahaviriya Steel Industries PLC is a producer of hot-rolled steel sheet coils in Southeast Asia. The company's reportable segments consist of Manufacture of hot-rolled coils, Maintenance services, and Deep-sea port services. Its product includes hot-rolled steel sheet in coils and hot-rolled steel sheet pickled and oiled which is used as raw material for industries such as construction, pipe, and tube, gas cylinder, container, furniture, automotive, and cold rolled steel. In addition, it also supplies steel sheets to various sectors such as automobile, energy, transportation and construction sectors.

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