CP Axtra PCL (BKK:CPAXT) Inventory Turnover : 3.05 (As of Dec. 2023)

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What is CP Axtra 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. CP Axtra PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿106,844 Mil. CP Axtra PCL's Average Total Inventories for the quarter that ended in Dec. 2023 was ฿34,986 Mil. CP Axtra PCL's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CP Axtra PCL's Days Inventory for the three months ended in Dec. 2023 was 29.88.

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. CP Axtra PCL's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.27.

CP Axtra PCL Inventory Turnover Historical Data

The historical data trend for CP Axtra 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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CP Axtra PCL Inventory Turnover Chart

CP Axtra PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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12.70

13.13

9.88

11.17

11.08

CP Axtra PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.82	2.65	2.84	2.92	3.05

CP Axtra PCL Inventory Turnover Calculation

CP Axtra 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 )
=	408274.223	/ (	(37820.445	+	35883.953)	/	2 )
=	408274.223	/	36852.199
=	11.08

CP Axtra PCL's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	106844.252	/ (	(34088.478	+	35883.953)	/	2 )
=	106844.252	/	34986.2155
=	3.05

CP Axtra PCL (BKK:CPAXT) 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.

CP Axtra PCL's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	34986.2155	/	106844.252	*	365 / 4
	=	29.88

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.

CP Axtra PCL's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	34986.2155	/	127636.914
	=	0.27

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.

CP Axtra PCL Inventory Turnover Related Terms

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CP Axtra PCL (BKK:CPAXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » CP Axtra PCL (BKK:CPAXT) » Definitions » Inventory Turnover

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Traded in Other Exchanges

SMKUF:USA

Address

1468, Phattanakan Road, Phatthanakan, Suan Luang, Bangkok, THA, 10250

Website

https://www.siammakro.co.th

CP Axtra PCL operates Makro brand stores and frozen food shops across Thailand. Segments through which the company operates its business include Wholesale, Retail, and mall . Its Operations are derived from the sale of goods from wholesale businesses, retail and mall businesses, and the rendering of services related to those businesses. It generates a majority of its revenue from the Wholesale segment.

CP Axtra PCL (BKK:CPAXT) Headlines

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