Petrovietnam Power Nhon Trach 2 JSC (STC:NT2) Inventory Turnover : 1.64 (As of Mar. 2024)

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What is Petrovietnam Power Nhon Trach 2 JSC 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. Petrovietnam Power Nhon Trach 2 JSC's Cost of Goods Sold for the three months ended in Mar. 2024 was ₫487,297 Mil. Petrovietnam Power Nhon Trach 2 JSC's Average Total Inventories for the quarter that ended in Mar. 2024 was ₫297,436 Mil. Petrovietnam Power Nhon Trach 2 JSC's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Petrovietnam Power Nhon Trach 2 JSC's Days Inventory for the three months ended in Mar. 2024 was 55.70.

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. Petrovietnam Power Nhon Trach 2 JSC's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.14.

Petrovietnam Power Nhon Trach 2 JSC Inventory Turnover Historical Data

The historical data trend for Petrovietnam Power Nhon Trach 2 JSC'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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Petrovietnam Power Nhon Trach 2 JSC Inventory Turnover Chart

Petrovietnam Power Nhon Trach 2 JSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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23.72

16.81

17.49

24.92

20.70

Petrovietnam Power Nhon Trach 2 JSC 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															6.25	6.17	2.77	3.25	1.64

Petrovietnam Power Nhon Trach 2 JSC Inventory Turnover Calculation

Petrovietnam Power Nhon Trach 2 JSC'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 )
=	5875592.17	/ (	(307450.881	+	260356.63)	/	2 )
=	5875592.17	/	283903.7555
=	20.70

Petrovietnam Power Nhon Trach 2 JSC'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 )
=	487297.276	/ (	(260356.63	+	334515.744)	/	2 )
=	487297.276	/	297436.187
=	1.64

Petrovietnam Power Nhon Trach 2 JSC (STC:NT2) 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.

Petrovietnam Power Nhon Trach 2 JSC'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
	=	297436.187	/	487297.276	*	365 / 4
	=	55.70

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.

Petrovietnam Power Nhon Trach 2 JSC'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 )
	=	297436.187	/	261906.935
	=	1.14

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.

Petrovietnam Power Nhon Trach 2 JSC Inventory Turnover Related Terms

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Petrovietnam Power Nhon Trach 2 JSC (STC:NT2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Petrovietnam Power Nhon Trach 2 JSC (STC:NT2) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Petroleum Power Center, Phuoc Khanh Commune, Nhon Trach district, Dong Nai, VNM

Website

https://www.pvpnt2.vn

Petrovietnam Power Nhon Trach 2 Joint Stock Co is a Vietnam-based company engaged in power generation, transmission, and distribution. It also provides support activities like service activities for water transport, Architectural activities, wholesale of solid, liquid, and gaseous fuels, warehousing and storage of food, freight transport by road, wholesale of machinery, freight inland waterway, and vocational education.

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