Well Graded Engineering PCL (BKK:WGE) Inventory Turnover : 8.15 (As of Mar. 2024)

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What is Well Graded Engineering 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. Well Graded Engineering PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿437 Mil. Well Graded Engineering PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿54 Mil. Well Graded Engineering PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 8.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Well Graded Engineering PCL's Days Inventory for the three months ended in Mar. 2024 was 11.19.

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. Well Graded Engineering PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.11.

Well Graded Engineering PCL Inventory Turnover Historical Data

The historical data trend for Well Graded Engineering 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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Well Graded Engineering PCL Inventory Turnover Chart

Well Graded Engineering PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

202.86

93.29

102.97

81.71

47.76

Well Graded Engineering PCL Quarterly Data
	Jun19	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														15.08	12.19	9.38	8.22	8.15

Well Graded Engineering PCL Inventory Turnover Calculation

Well Graded Engineering 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 )
=	1956.246	/ (	(30.114	+	51.805)	/	2 )
=	1956.246	/	40.9595
=	47.76

Well Graded Engineering 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 )
=	436.958	/ (	(51.805	+	55.409)	/	2 )
=	436.958	/	53.607
=	8.15

Well Graded Engineering PCL (BKK:WGE) 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.

Well Graded Engineering 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
	=	53.607	/	436.958	*	365 / 4
	=	11.19

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.

Well Graded Engineering 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 )
	=	53.607	/	492.041
	=	0.11

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.

Well Graded Engineering PCL Inventory Turnover Related Terms

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Well Graded Engineering PCL (BKK:WGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Well Graded Engineering PCL (BKK:WGE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

50/1203 Moo 9, Bangpood, Pakkred, Nonthaburi, THA, 11120

Website

https://www.well-graded.com

Well Graded Engineering PCL is an engineering and construction company. The company is engaged in the business of construction work services and consultants for the design and supervision of construction, engineering, and architecture works. Its projects portfolio includes High Rise Condo; Low Rise Condo; Office Building; Hospital; Sales Gallery; Community Mall; an Interior; Factory; Public Utility System; and Renovate.

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