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TMT Steel Public Co (BKK:TMT) Days Inventory : 60.27 (As of Dec. 2023)


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What is TMT Steel Public Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). TMT Steel Public Co's Average Total Inventories for the three months ended in Dec. 2023 was ฿2,790 Mil. TMT Steel Public Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿4,224 Mil. Hence, TMT Steel Public Co's Days Inventory for the three months ended in Dec. 2023 was 60.27.

The historical rank and industry rank for TMT Steel Public Co's Days Inventory or its related term are showing as below:

BKK:TMT' s Days Inventory Range Over the Past 10 Years
Min: 35.97   Med: 45.76   Max: 52.86
Current: 52.86

During the past 13 years, TMT Steel Public Co's highest Days Inventory was 52.86. The lowest was 35.97. And the median was 45.76.

BKK:TMT's Days Inventory is ranked better than
73.74% of 575 companies
in the Steel industry
Industry Median: 85.66 vs BKK:TMT: 52.86

TMT Steel Public Co's Days Inventory increased from Dec. 2022 (48.73) to Dec. 2023 (60.27). It might indicate that TMT Steel Public Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. TMT Steel Public Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.51.

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. TMT Steel Public Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.62.


TMT Steel Public Co Days Inventory Historical Data

The historical data trend for TMT Steel Public Co's Days Inventory 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.

* Premium members only.

TMT Steel Public Co Days Inventory Chart

TMT Steel Public Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.00 45.62 49.86 51.46 52.17

TMT Steel Public Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 48.73 50.72 50.63 51.39 60.27

Competitive Comparison of TMT Steel Public Co's Days Inventory

For the Steel subindustry, TMT Steel Public Co's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


TMT Steel Public Co's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, TMT Steel Public Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where TMT Steel Public Co's Days Inventory falls into.



TMT Steel Public Co Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

TMT Steel Public Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (2744.523 + 2597.345) / 2 ) / 18688.265*365
=2670.934 / 18688.265*365
=52.17

TMT Steel Public Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (2982.211 + 2597.345) / 2 ) / 4223.797*365 / 4
=2789.778 / 4223.797*365 / 4
=60.27

* 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.


TMT Steel Public Co  (BKK:TMT) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

TMT Steel Public Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

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.

TMT Steel Public Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

* 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.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


TMT Steel Public Co Days Inventory Related Terms

Thank you for viewing the detailed overview of TMT Steel Public Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


TMT Steel Public Co (BKK:TMT) Business Description

Traded in Other Exchanges
N/A
Address
179 South Sathorn Road, 22nd Floor, Bangkok City Tower, Thungmahamek, Sathorn, Bangkok, THA, 10120
TMT Steel Public Co Ltd operates as a total steel solutions provider. It is engaged in fabricating and selling structural steel plates and sheets. The company offers flat products, including hot-rolled coils, hot-rolled plates and sheets, steel flat bars, and checkered plates; long products, such as hot and cold-formed structural steel sections; and steel tables. In addition, it also provides steel processing and cold-forming services. Geographically all the business activity functions through the region of Thailand.

TMT Steel Public Co (BKK:TMT) Headlines

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