Inoue Rubber (Thailand) PCL (BKK:IRC) Inventory Turnover : 1.53 (As of Dec. 2023)

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What is Inoue Rubber (Thailand) 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. Inoue Rubber (Thailand) PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿996 Mil. Inoue Rubber (Thailand) PCL's Average Total Inventories for the quarter that ended in Dec. 2023 was ฿650 Mil. Inoue Rubber (Thailand) PCL's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Inoue Rubber (Thailand) PCL's Days Inventory for the three months ended in Dec. 2023 was 59.50.

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. Inoue Rubber (Thailand) PCL's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.58.

Inoue Rubber (Thailand) PCL Inventory Turnover Historical Data

The historical data trend for Inoue Rubber (Thailand) 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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Inoue Rubber (Thailand) PCL Inventory Turnover Chart

Inoue Rubber (Thailand) PCL Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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8.05

7.39

7.33

6.69

6.66

Inoue Rubber (Thailand) 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															1.65	1.64	1.59	1.70	1.53

Inoue Rubber (Thailand) PCL Inventory Turnover Calculation

Inoue Rubber (Thailand) PCL's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	4926.639	/ (	(838.257	+	641.705)	/	2 )
=	4926.639	/	739.981
=	6.66

Inoue Rubber (Thailand) 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 )
=	996.245	/ (	(641.705	+	657.602)	/	2 )
=	996.245	/	649.6535
=	1.53

Inoue Rubber (Thailand) PCL (BKK:IRC) 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.

Inoue Rubber (Thailand) 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
	=	649.6535	/	996.245	*	365 / 4
	=	59.50

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.

Inoue Rubber (Thailand) 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 )
	=	649.6535	/	1127.22
	=	0.58

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.

Inoue Rubber (Thailand) PCL Inventory Turnover Related Terms

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Inoue Rubber (Thailand) PCL (BKK:IRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Inoue Rubber (Thailand) PCL (BKK:IRC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 258, Soi Rangsit-Nakornnayok 49, Prachathipat Sub-district, Thanyaburi District, Pathumthani, THA, 12130

Website

https://www.ircthailand.com

Inoue Rubber (Thailand) PCL is principally engaged in the manufacture and distribution of Automotive Elastomer Products, motorcycle tires, tubes, and industrial elastomer rubber parts. Geographically, it derives a majority of its revenue from Thailand. The company's reportable segments includes geographical areas that are Local and Export, out of which key revenue is generated from Local Segment. Its products involve Automotive Elastomer Products, Motorcycle Tires and Tubes and Industrial Elastomer Parts.